Common use of Reapportionment Clause in Contracts

Reapportionment. In the event that a beneficiary from the member jurisdictions withdraws from Authority, the governing boards of the remaining member jurisdictions shall restructure the board of directors and associated voting protocols to account equitably for the population and sales tax distribution among the remaining member jurisdictions.

Appears in 5 contracts

Samples: Trust Agreement and Indenture, Trust Agreement and Indenture, Trust Agreement and Indenture

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