Common use of Termination of Participation Clause in Contracts

Termination of Participation. (a) Any Participant may withdraw from this Participation Agreement at any time upon written notice to the Investment Advisor, who shall promptly notify the Custodian and the other Participants upon receipt of such notice of withdrawal. Upon its withdrawal from this Participation Agreement, a Participant shall cease to have any rights or obligations under this Participation Agreement except for any indemnification obligations set forth in Article XI arising on or before the date of withdrawal. A notice of withdrawal shall be deemed to constitute a request under the Payment Procedures that an amount equal to the requesting Participant’s Balance as of the date of such notice be paid to such Participant. No withdrawal shall become effective until such Participant has a Zero Balance, and until such time, such Participant shall continue to possess all the rights, and to be subject to all the obligations, arising from this Participation Agreement.

Termination of Participation. (a) Any Participant may withdraw from this Participation Interlocal Agreement at any time upon written notice to the Investment Advisor, who shall promptly notify the Custodian Administrator and the other Participants upon receipt of such notice of withdrawalwithdrawal shall be noted to the Board in the Administrator's next report. Upon its withdrawal from this Participation Interlocal Agreement, a Participant shall cease to have any rights or obligations under this Participation Interlocal Agreement except for any indemnification obligations set forth in Article XI arising on or before the date of withdrawalwithdrawal and the rights to withdraw the Participant's Balance. A notice of withdrawal shall be deemed to constitute a request under the Payment Procedures that an amount equal to the requesting Participant’s Balance 's entire balance as of the date of such notice be paid to such Participant. No withdrawal from this Interlocal Agreement shall become effective until such Participant has a Zero BalanceParticipant's balance is equal to zero, and until such time, such Participant shall continue to possess all of the rights, rights and to be subject to all of the obligations, obligations arising from this Participation Interlocal Agreement.

Termination of Participation. (a) Any Participant may withdraw from this Participation Interlocal Agreement at any time upon written notice to the Investment Advisor, who shall promptly notify the Custodian Administrator and the other Participants upon receipt of such notice of withdrawalwithdrawal shall be noted to the Board in the Administrator's next report. Upon its withdrawal from this Participation Interlocal Agreement, a Participant shall cease to have any rights or obligations under this Participation Interlocal Agreement except for any indemnification obligations set forth in Article XI arising on or before the date of withdrawalwithdrawal and the rights to withdraw the Participant's Balance. A notice of withdrawal shall be deemed to constitute a request under the Payment Procedures that an amount equal to the requesting Participant’s 's entire Balance as of the date of such notice be paid to such Participant. No withdrawal from this Interlocal Agreement shall become effective until such Participant has a Zero BalanceParticipant's Balance is equal to zero, and until such time, such Participant shall continue to possess all of the rights, and to be subject to all of the obligations, arising from this Participation Interlocal Agreement.