Term, Withdrawal and Termination. Similarly, Part 13 reflects the intent of Part 10 of the Agreement with respect to local government interest to ensure that the utility remains in local government ownership in the event of the dissolution of the Joint Venture. Specifically, s. 13.5 reinforces the option of a Joint Venturer to have the right of first refusal in purchasing another Joint Venturer’s participating interest and under s. 13.6 also provides for a dispute resolution process which follows the provisions of s. 813.13(3) of the Local Government Act through the appointment of an arbitrator by the Minister of Community, Sport and Cultural Development to mediate a resolve to the dispute. Failing resolution under the provisions of Part 13, with no party wishing to purchase the interest of the other Joint Venturers, a liquidator will be appointed to act on the collective behalf of the Joint Venturers to liquidate the assets.
Term, Withdrawal and Termination. (a) This Agreement shall remain in effect perpetually unless and until terminated as hereinafter provided.
Term, Withdrawal and Termination. 1. This Agreement shall remain in effect for one year beginning January 1, 2022 and ending at midnight on December 31, 2022, unless earlier terminated as provided herein. Beginning on January 1, 2023, this Agreement shall automatically renew each year on January 1st for subsequent one-year terms (each term a “Renewal Term”) unless and until notice has been provided by one party to the other in accordance with paragraph E.2 below. For each Renewal Term, the parties may agree in writing to update Exhibit A if and as needed.
Term, Withdrawal and Termination. This Agreement will be in effect on the last date it is signed by the Parties and shall be perpetual unless all but one of the Parties withdraw. Any Party may withdraw from this Agreement by providing written notice to the other Parties within fourteen (14) days after the first quarterly meeting in any Operating Year. Any Party may also withdraw from this agreement for failure to appropriate funds pursuant to Section 11. Withdrawal from this Agreement shall not relieve the withdrawing Party from any obligations resulting from the Party’s previous participation, including responsibilities for costs, and shall not waive the withdrawing Party’s right to the receipt of laboratory data reports resulting from the Party’s previous participation in the Agreement.
Term, Withdrawal and Termination
