Common use of Unilateral Withdrawal Clause in Contracts

Unilateral Withdrawal. Upon sixty (60) days’ prior written notice, a Member may unilaterally withdraw from this Agreement for any reason, without causing or requiring termination of this Agreement. A member that withdraws shall be held to its financial obligations to the Construction Authority incurred while a member. Unless the notice is retracted, the withdrawal shall be effective as of the date the Member provided written notice or after written confirmation from the Construction Authority that the Member’s outstanding obligations have been resolved.

Appears in 7 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement

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