Common use of Voluntary Withdrawal by a Party Clause in Contracts

Voluntary Withdrawal by a Party. Any Party may elect to terminate participation in this Agreement by providing six months prior written notice to the chairperson, each member of the IGC, and the governing body of each Party. Withdrawal will be effective at 11:59 of the December 30 not less than six (6) months after the date of such notice. The withdrawing Party will continue to pay its share of, and/or be responsible for, its Fee incurred prior to the Party’s written notice of withdraw, and will defend, indemnify, and hold the remaining Parties and Agency harmless for, from, and against those financial responsibilities and obligations attributable solely to the withdrawing Party. Expenditures contracted for by Agency after the date of notice of intent to withdraw will not constitute an obligation on the part of the Party providing notice of withdrawal.

Voluntary Withdrawal by a Party. Any Party may elect to terminate participation in this Agreement and withdraw from Agency by providing six months ninety (90) days’ prior written notice to the chairperson, each member of the IGCBoard, and the governing body of each Party. Withdrawal will be effective at 11:59 of the December 30 not less than six ninety (690) months after days from the date of such notice. The withdrawing Party will continue to pay its apportioned share of, and/or be responsible for, its Fee Operating Expenses incurred prior to the Party’s written notice of withdraw, and will defend, indemnify, and hold the remaining Parties and Agency harmless for, from, and against those financial responsibilities and obligations attributable solely to the withdrawing Party. Expenditures contracted for by Agency after the date of notice of intent to withdraw will not constitute an obligation on the part of the Party providing notice of withdrawal.

Voluntary Withdrawal by a Party. Any Party may elect to terminate its participation in this Agreement (and the Consortium) by providing six months months’ prior written notice to the chairperson, each member of the IGCBoard, and the governing body of each Party. Withdrawal will be effective at 11:59 PM of the December June 30 not that is no less than six (6) months after the date of such notice. The withdrawing Party will continue to pay its share of, and/or be responsible for, its Fee incurred prior to the Party’s written notice of withdraw, Contribution amounts and will defend, indemnify, and hold Consortium and the remaining Parties and Agency harmless for, from, and against those financial responsibilities and obligations attributable solely to the withdrawing Party. Expenditures contracted for by Agency after Party and/or accruing prior to the effective date of notice the withdrawing Party’s withdrawal. Termination of intent this Agreement does not relieve any Party from its obligations incurred prior to withdraw will not constitute an obligation on the part effective date of the Party providing notice of withdrawaltermination.