Common use of Continuing Obligations After Withdrawal Clause in Contracts

Continuing Obligations After Withdrawal. A departing member shall have no right or claim to the assets of the District, and a departing member shall continue to be responsible, after withdrawal, for the following: 1. Payment of its share of capital costs incurred prior to withdrawal apportioned by way of subsection IV(D), provided that for purposes of this apportionment the withdrawn community’s enrollment shall be deemed to be its enrollment determined pursuant to subsection IV(D) immediately prior to the date of its notice of intent to withdraw, except that: a. no apportionment for a withdrawing member will be made for a share of debt that was disapproved by the voters of said withdrawing member in a G.L. Chapter 71, subsection 16(n) election and after which disapproval a notice of withdrawal was sent by said member consistent with the terms of subsection IV(I); and, b. no apportionment for a withdrawing member will be made for a share of debt that was incurred by the District following receipt of the withdrawing member’s notice of intent to withdraw, such notice having not been rescinded.