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 7 contracts

Sources: Tactical Consortium Agreement, Tactical Consortium Agreement, Interlocal Agreement