Common use of Financial liability on dissolution Clause in Contracts

Financial liability on dissolution. 6.2.1 At the end of this agreement Colchester shall as soon as practical draw up accounts showing the financial out-turn of the Joint Museums Account. 6.2.2 The Joint Museums Service shall be managed so that as the final out- turn of the Joint Museums Account is as close to zero as possible. 6.2.3 Any surplus or deficit on the Joint Museums Account shall be settled/distributed in the following shares: Ipswich 50% : Colchester 50%

Financial liability on dissolution. 6.2.1 At the end of this agreement Colchester shall as soon as practical draw up accounts showing the financial out-turn of the Joint Museums Account. 6.2.2 The Joint Museums Service shall be managed so that as the final out- out-turn of the Joint Museums Account is as close to zero as possible. 6.2.3 Any surplus or deficit on the Joint Museums Account shall be settled/distributed in the following shares: Ipswich 50% %: Colchester 50%