Common use of Disposition of Property upon Termination of Authority Clause in Contracts

Disposition of Property upon Termination of Authority. Upon termination of this Agreement as to all Parties, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any Authority Documents, shall be returned to the then-existing Parties in proportion to the contributions made by each.

Appears in 16 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement

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Disposition of Property upon Termination of Authority. Upon termination of this Agreement as to all Parties, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any Authority Documentsprogram documents, shall be returned to the then-existing Parties in proportion to the contributions made by each.

Appears in 14 contracts

Samples: Authority Joint Powers Agreement, Authority Joint Powers Agreement, Authority Joint Powers Agreement

Disposition of Property upon Termination of Authority. Upon termination of this Agreement as to all PartiesAgreement, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any Authority Documentsprogram documents, shall be returned to the then-existing Parties in proportion to the contributions made by each.

Appears in 8 contracts

Samples: Powers Agreement, Of Powers Agreement, Joint Exercise of Powers Agreement

Disposition of Property upon Termination of Authority. Upon termination of this Agreement as to all PartiesAgreement, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any Authority Documentsprogram documents, shall be returned to the then-existing Parties and Participants in proportion to the contributions made by each.

Appears in 6 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement

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Disposition of Property upon Termination of Authority. Upon termination of this Agreement as to all Parties, any surplus money or assets in possession of the Authority for use under this Agreement, after payment of all liabilities, costs, expenses, and charges incurred under this Agreement and under any Authority Documentsprogram documents, shall be returned to the then-existing Parties in proportion Proportion to the contributions made by each.

Appears in 2 contracts

Samples: Authority Joint Powers Agreement, Authority Joint Powers Agreement

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