TERMINATION AND DISTRIBUTION OF ASSETS. 1. The Fund's operations may be terminated by written agreement of the Original Parties.
TERMINATION AND DISTRIBUTION OF ASSETS. (a) A three-fourths vote of the total voting membership of PRISMthe Authority, consisting of member counties, acting through their boards of supervisors, and the voting Board of Directors members from the member public entities, is required to terminate this Agreement; provided, however, that this Agreement and PRISM the Authority shall continue to exist after such election for the purpose of disposing of all claims, distributing all assets, and performing all other functions necessary to conclude the affairs of PRISMthe Authority.
TERMINATION AND DISTRIBUTION OF ASSETS. A two-thirds vote of the total voting membership of the Authority, consisting of Members, acting through their governing bodies and the voting Board Members from the Member public entities, is required to terminate this Agreement; provided, however, that this Agreement and the Authority shall continue to exist after such election for the purpose of disposing of all claims, distributing all assets, and performing all other functions necessary to conclude the affairs of the Authority. Upon termination of this Agreement and following disposition of all claims against and obligations of the Authority, all remaining assets of the Authority in each Program shall be distributed among those Members who participated in that Program in proportion to their cash contributions and property contributed (at market value when contributed). The Board of Directors shall determine such distribution within six (6) months after disposal of the last pending claim or other liability covered by the Program.
TERMINATION AND DISTRIBUTION OF ASSETS. (a) A three-fourths vote of the total voting membership of the Authority, consisting of member counties, acting through their boards of supervisors, and the voting Board members from the member public entities, is required to terminate this Agreement; provided, however, that this Agreement and the Authority shall continue to exist after such election for the purpose of disposing of all claims, distributing all assets, and performing all other functions necessary to conclude the affairs of the Authority.
TERMINATION AND DISTRIBUTION OF ASSETS. This Agreement may be terminated at any time that no financial obligations of the Agency are outstanding, with the approval of two-thirds of the Members. Upon termination of this Agreement, all assets of the Agency shall, after payment of all unpaid costs, expenses and charges incurred under this Agreement, be distributed among the parties to this Agreement, in accordance with the respective contributions of each of the Parties.
TERMINATION AND DISTRIBUTION OF ASSETS. (a) This Agreement shall expire upon the earliest of the events described below:
TERMINATION AND DISTRIBUTION OF ASSETS. (a) This Agreement may be terminated by three-fourths of the members, acting through their governing bodies; provided, however, that this Agreement and the Authority shall continue to exist after such election for the purpose of disposing of all claims, distributing all assets, and performing all other functions necessary to conclude the affairs of the Authority.
TERMINATION AND DISTRIBUTION OF ASSETS. A 2/3 vote of the governing bodies of each of the Members of the Agency is required to terminate the Agency and this Agreement. If necessary, this Agreement and the Agency shall continue to exist after such election for the sole purpose of disposing of all claims, distributing all assets, and performing all other functions necessary to conclude the affairs of the Agency. Upon the termination of this Agreement and following the disposition of any claims or other liabilities of the Agency, any remaining assets of the Agency shall be distributed among its members in proportion to their cash contributions or contributions of real or personal property, all based on market value at the time of contribution. The Board of Directors shall determine such distribution within six months after disposal of the last pending claim or other liability of the Agency. In the event of termination, a withdrawn member may share in the distribution of assets pursuant to this provision.
TERMINATION AND DISTRIBUTION OF ASSETS. A two-thirds vote of the total voting membership of the Authority, consisting of Members, acting through their governing bodies and the voting Board Members from the Member public entities, is required to terminate this Agreement; provided, however, that this Agreement and the Authority shall continue to exist after such election for the purpose of disposing of all claims, distributing all assets, and performing all other functions necessary to conclude the affairs of the Authority. Upon termination of this Agreement, all assets of the Authority in each Program shall be distributed among those Members who participated in that Program in proportion to their cash contributions and property contributed (at market value when contributed). The Board of Directors shall determine such distribution within six (6) months after disposal of the last pending claim or other liability covered by the Program.
TERMINATION AND DISTRIBUTION OF ASSETS. Any ESD wishing to dissolve or terminate its involvement in the AESD Network must provide at least 18 months’ notice to the Leadership Council. If more than one ESD provide intent of termination, the Leadership Council will develop a dissolution. If this results in the dissolution of the overall AESD Network, the Leadership Council will determine fair distribution of any AESD Network fund balance among the ESDs. The Administrative ESD shall maintain ownership of any applicable physical property that is part of its AESD Network inventory. In the case in which the AESD Administrative ESD determines it no longer has the ability to serve the role, the Leadership Council shall approve a new Administrative ESD. All records and functions of the Network shall transfer accordingly.
