Withdrawal and Dissolution. 15.1 The parties to this Agreement pledge full cooperation and agree to assign representatives to serve as official appointed representatives of the Authority or any committee or subcommittee thereof who shall act for and on behalf of their Participating Agency in any or all matters which shall come before the Authority, subject to any necessary approval of their acts by the governing bodies of the Participating Agencies.
15.2 Any party to this Agreement may withdraw from the Authority, upon providing six (6) months’ prior written notice, and terminate its participation in this Agreement by resolution of its governing body. The withdrawal of the Participating Agency shall have no effect on the continuance of this Agreement among the remaining Participating Agencies, and the Agreement shall remain in full force and effect with respect to the remaining Participating Agencies. No withdrawal shall become effective until six (6) months after receipt of the written notice by the Authority.
15.3 A Participating Agency which has withdrawn from the Authority shall not be liable for the payment of further contributions falling due beyond the date of withdrawal and shall have no right to reimbursement of any monies previously paid to the Authority. The Authority may authorize a reimbursement if in its judgment such reimbursement is fair and equitable and can be done without jeopardy to the operation of the Authority. If any Participating Agency fails to pay a required contribution, as determined by the Board, that Participating Agency shall be provided with a sixty (60) day written notice and an opportunity to cure. If the Board determines that the Participating Agency has failed to cure or negotiate a cure within sixty (60) days following delivery of the written notice shall be deemed a voluntary withdrawal from the Authority.
15.4 The Authority may be dissolved at any time and this Agreement terminated by a joint agreement duly-approved and executed by a majority of the Members which are parties hereto. Said termination agreement shall provide for the orderly payment of all outstanding debts and obligations and for the return of any surplus funds of the Authority in proportion to the contributions made by the Participating Agencies. In the event the Authority is dissolved, the individual Participating Agencies shall be responsible for complying with the requirements of the Act as included in the approved SRREs, HHWE, NDFE, Countywide or Regional Siting Element and ...
Withdrawal and Dissolution. 1. At any time after the expiration of three years from the date when it became a party to this Agreement, any Member may give notice of its withdrawal from the Organisation to the Depositary. Such withdrawal shall take effect twelve months after the notice thereof was received by the Depositary or at any later date specified in the notice, provided, however, that any obligation incurred by the Member vis-à-vis the Organisation shall remain valid and enforceable.
2. The Organisation shall cease to exist at any time decided by the Governing Council by a three-quarters majority of the Members. The disposal of any real property belonging to the Organisation shall be subject to the prior approval of the Governing Council. Any assets remaining after the land, buildings and fixtures have been disposed of, after the balance of any donated funds that have not been used has been returned to the respective donors, and after all obligations have been met, shall be distributed among the Governments, which were Members of the Organisation at the time of the dissolution, in proportion to the contributions that they made, in accordance with Article 13, paragraph 2, for the year preceding the year of the dissolution.
3. Subject to the provisions of paragraph 2, the Organisation shall also cease to exist if the number of Members falls to three, unless the remaining Members unanimously decide to continue its existence.
Withdrawal and Dissolution. Individual Parties may withdraw from this MOU by providing a 12 month notice of intent to leave. If both Site Parties withdraw from this MOU after 5 years resulting in the dissolution of this MOU, the assets will be divided between the Site Parties. Any withdrawal by a Site Party prior to 5 years will result in the assets being assigned to another Party or particular Parties, but remaining subject to the terms of this MOU.
Withdrawal and Dissolution. Any Member State wishing to withdraw for the Community shall give the Chairman-in-office of the Conference one year’s written notice of its intention to withdraw. At the end of such period, the Member State shall, if the notice is not withdrawn, cease to be a Member State of the Community.
Withdrawal and Dissolution. 1. At any time after the expiration of three years from the date when it became a party to this Agreement, any Member State may give notice of its withdrawal from INFOFISH to the Depositary. Such withdrawal shall take effect twelve months after the notice thereof was received by the Depositary or at any later date specified in the notice, provided, however, that any obligation incurred by the Member State visàvis INFOFISH shall remain valid and enforceable.
2. INFOFISH shall cease to exist at any time decided by the Governing Council by a three-quarters majority of all its Member States. Any assets remaining after the land, buildings and fixtures have been disposed of, after the balance of any donated funds that have not been used has been returned to the respective donors, and after all obligations have been met, shall be distributed among the States and Associate Members which were Members of INFOFISH at the time of the dissolution, in proportion to the contributions or fees that they paid, in accordance with Article 13, paragraphs 2 and 3, for the year preceding the year of the dissolution.
Withdrawal and Dissolution a. Any Participating Unit may withdraw from the Territory, effective July 1 of any calendar year, by passing an appropriate resolution or ordinance after January 1 and before April 1 of that calendar year.
b. In the event that any Participating Unit withdraws from the Territory, the responsibility of the Territory to provide fire protection and emergency medical services to that Participating Unit shall cease as of midnight, June 30 of the year in which the Agreement is terminated.
c. In the event that any Participating Unit withdraws from the Territory, any balances remaining in the Fire Protection Fund or the Equipment Replacement Fund after the payment of all outstanding bills and of any transfers made by the Provider Unit under Section 8(c)7(c) shall be divided pro rata between the withdrawing Participating Unit and the remaining Participating Units in the same proportion as the Participating Units contributed to the Fire Protection Fund during the most recent complete calendar year in which the Territory existed. If the balances remaining in the Fire Protection Fund or the Equipment Replacement Fund are not sufficient to pay all outstanding bills and of any transfers made by the Provider Unit under Section 8(c)7(c) , the Participating Units shall be required to contribute to the Fire Protection Fund, from the Participating Unit’s respective June property tax draws a pro rata amount necessary to cover those costs. The pro rata contribution between the Participating Units shall be in the same proportion as the Participating Units’ respective June property tax draws for fire protection.
d. In the event that any Participating Unit withdraws from the Territory, any capital assets purchased jointly by the Participating Units will be valued as of the effective date of the withdrawal and the withdrawing Participating Unit will be entitled to a share of that value, as determined by the withdrawing Participating Unit’s contribution to the acquisition of the respective capital assets. The remaining Participating Units in the Territory may distribute cash or assets to satisfy the obligation to the withdrawing Participating Unit, at the discretion of the remaining Participating Units. Any asset acquired by and titled to a single township shall remain the property of that township.
e. In the event that any Participating Unit withdraws from the Territory, the provisions of IC 36-8-19-9(c) shall apply and the withdrawing Participating Unit shall continue to repay tha...
Withdrawal and Dissolution. (a) CSS shall be completely dissolved and this Agreement terminated only upon the affirmative vote of three-quarters of the entire membership of the Board passed at two successive meetings of the Board and with each member having one vote. The dissolution resolution shall specify the date and time such dissolution shall be effective. The resolution may be amended to extend the effective date of the dissolution if the amendment is approved prior to the scheduled dissolution date by three-quarters of the entire Board.
(b) In the event of a complete dissolution of CSS, any real or personal property shall be sold and the proceeds distributed prorata among all counties. The percentage that each county shall receive shall be based on that county’s population as shown to the latest completed Federal Census, or Special Federal Census, whichever is latest. The total assets remaining shall then be multiplied by the percentage as set forth in the preceding sentence and each county will receive a distribution which represents the total assets multiplied by the above percentage. Any delinquency by a county in its obligations to CSS shall be deducted from the delinquent county’s share.
(c) If the County Social Services Board of Directors feels it is in the best interest of the Region for a member county to be removed from the Region, the Board will pass a resolution with explanation of the reasons for the recommendation to the member counties. Each member county desiring to vote upon the proposal shall do so by resolution of its Board of Supervisors and return of the same to the County Social Services Board Chair a copy of the resolution stating the County’s vote within thirty (30) days of the date that the County received a copy of the proposal. Any member county not voting upon the proposal within this time shall be considered to have approved the proposal. If the proposal receives approval by majority of the votes, it shall become effective ten (10) days following the date the vote is tabulated.
Withdrawal and Dissolution. 1. At any time after the expiration of three years from the date when it became a Party to this Agreement, any Member may give notice of its withdrawal from EUROFISH to the Depositary. Such withdrawal shall take effect twelve months after the notice thereof was received by the Depositary or at any later date specified in the notice, provided, however, that any obligation incurred by the Member vis-à-vis EUROFISH shall remain valid and enforceable.
2. EUROFISH shall cease to exist at any time decided by the Governing Council by a three quarters majority of all its Members. Any assets remaining after the land, buildings and fixtures have been disposed of, after the balance of any donated funds that have not been used has been returned to the respective donors, and after all obligations have been met, shall be distributed among the Members which were Members of EUROFISH at the time of the dissolution, in proportion to the contributions that they paid, in accordance with Article 11, paragraphs 1(a) and 2, for the year preceding the year of the dissolution.
Withdrawal and Dissolution. 1. At any time after the expiration of three years from the date when it became a party to this Agreement, any Member may give notice of its withdrawal from the Organization to the Depositary. Such withdrawal shall take effect twelve months after the notice thereof was received by the Depositary or at any later date specified in the notice, provided, however, that any obligation incurred by the Member vis-à-vis the Organization shall remain valid and enforceable.
2. The Organization shall cease to exist at any time decided by the Governing Council by a three-quarters majority of the Members. The disposal of any real property belonging to the Organization shall be subject to the prior approval of the Governing Council. Any assets remaining after the land, buildings and fixtures have been disposed of, after the balance of any donated funds that have not been used has been returned to the respective donors, and after all obligations have been met, shall be distributed among the Governments which were Members of the Organization at the time of the dissolution, in proportion to the contributions that they made, in accordance with Article 14, paragraph 2, for the year preceding the year of the dissolution.
Withdrawal and Dissolution. (a) The Member shall have the right to withdraw from the Company upon any terms and conditions agreed to between the Member and the Company.
(b) The Company shall be dissolved and the Company’s affairs wound up upon the first of the following to occur:
(i) Automatically, at the time, if any, specified in the Articles;
(ii) Upon the happening of an event specified in the Articles or this Agreement;
(iii) By the withdrawal of the Member in accordance with the terms and conditions agreed to by the Member and the Company; or
(iv) Automatically, upon the entry of a decree of judicial dissolution. Upon the dissolution and commencement of winding up of the Company under subparagraphs (ii) or (iii) above, a certificate of dissolution shall be signed as provided in the Act and filed with the Department by the Member or an authorized agent.
(c) Upon the winding up of the Company, the assets shall be distributed as provided in the Act.
