Withdrawal from this Agreement. 24.1 A Council may serve notice in writing to the Accountable Body at least nine months before the date on which it is to take effect, that they will be withdrawing from this Agreement. Such withdrawal may only take effect on 1 April in any year. 24.2 When the withdrawal of a Council takes effect (a) it shall no longer be entitled to contribute to the decisions taken by the Accountability Board or the Company. (b) It shall no longer be required to pay a Council Contribution (c) It shall not be responsible for debts or liabilities which are incurred by the Accountability Board after the withdrawal takes effect 24.3 A Council which withdraws from this Agreement shall continue to be liable under any Funding Agreements to which it is Party and may be required to enforce the terms of any Project Agreement under the terms of this Agreement as if it were still a party. 24.4 If any Party incurs any cost as a result of a Council withdrawing from this agreement then that Council shall bear that cost in full, and pay the same within [4] days of demand. 24.5 The provisions of this clause 24 shall survive a Council’s withdrawal from this agreement.
Appears in 4 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
