Common use of WITHDRAWAL FROM FURTHER PARTICIPATION Clause in Contracts

WITHDRAWAL FROM FURTHER PARTICIPATION. To withdraw from this Project Agreement, a Project Agreement Member shall give the Authority and other Project Agreement Members written notice of such withdrawal not less than 30 days prior to the withdrawal date. As of the withdrawal date, all rights of participation in this Project Agreement shall cease for the withdrawing Project Agreement Member. The financial obligation as prescribed in the Bylaws’ Section 5.11 in effect on the withdrawal date, shall consist of the withdrawing Member’s share of the following costs: (a) payment of its share of all non-contract costs incurred prior to the date of the written notice of withdrawal, and (b) those contract costs associated with funds approved in either contract amendments or task orders that were approved prior to the date of the written notice of withdrawal for which the contractor’s work extends beyond the withdrawal date. However, a withdrawing member shall have no liability for any change order or extensions of any contractor’s work that the remaining Project Agreement Members agree to after the withdrawing Member provides written notice of withdrawal. Withdrawal from this Project Agreement shall not be considered a Material Change Item and shall not be subject to the Dispute Resolution process provided for in Section 13.3 of the Bylaws.

WITHDRAWAL FROM FURTHER PARTICIPATION. To withdraw from this Project Agreement, a Project Agreement Member shall give the Authority and other Project Agreement Members written notice of such withdrawal not less than 30 days prior to the withdrawal date. As of the withdrawal date, all rights of participation in this Project Agreement shall cease for the withdrawing Project Agreement Member. The financial obligation as prescribed in the Bylaws’ Section 5.11 5 . 10 in effect on the withdrawal date, shall consist of the withdrawing Member’s share of the following costs: (( a) payment of its i ts share of all non-non- contract costs incurred prior to the date of the written notice of withdrawal, and (( b) those contract costs associated with funds approved in either contract amendments or task orders that were approved prior to the date of the written notice of withdrawal for which the contractor’s work extends beyond the withdrawal date. However, a withdrawing member shall have no liability for any change order or extensions of any contractor’s ’ s work that the remaining Project Agreement Members agree to after the withdrawing Member provides written notice of withdrawal. Withdrawal from this Project Agreement shall not to be considered a Material Change Item and shall not be subject to the Dispute Resolution process provided for in Section 13.3 12.3.5 of the Bylaws.