Common use of ASSETS UPON TERMINATION Clause in Contracts

ASSETS UPON TERMINATION. Upon termination of this Agreement, any expenses or outstanding liabilities shall be paid with OAK-TAC’s funds. Any remaining funds shall be distributed to the existing Members on an equitable basis, as determined by the Board.

Appears in 6 contracts

Samples: Interlocal Agreement, Interlocal Agreement, Tactical Consortium Agreement

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