Involuntary Termination of Membership. A Member’s membership with CPCNH may be terminated by a two-thirds (2/3) vote of the entire Board of Directors, with the exception of the terminated Member’s representative if they are also a Director, for reasons deemed good and sufficient by the voting Directors. Default under a Project Contract, failure to satisfy the material terms of its Cost Sharing Agreement, as defined in the JPA, with the Corporation, and material non-compliance with the provisions of the JPA are each ground for terminating membership.
Appears in 4 contracts
Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Power Agreement
