Withdrawal of a Consortium Member Sample Clauses

Withdrawal of a Consortium Member. (a) A Consortium Member (the "Withdrawing Member") may, with the prior written consent of all Parties, withdraw from the Consortium and cease to be a Consortium Member and a Party to this Agreement on giving not less than twelve (12) months' notice in writing of the same to all other Parties. Such period of notice may, with the prior written consent of all Parties (not to be unreasonably withheld or delayed), be reduced in circumstances where the Withdrawing Party reaches agreement with other Parties and/or new parties who collectively will take over its obligations under this Agreement;
Sample 1
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Withdrawal of a Consortium Member. Any Consortium Member, except the Fiscal Agent, wishing to withdraw from participation in the Consortium or any benefit program shall notify the Fiscal Agent at least thirty (30) days prior to the effective date of the withdrawal. Any decision to withdraw from the Consortium must be made by duly adopted resolution of the governing body of the Consortium Member. Failure by any Consortium Member, including the Fiscal Agent, to appropriate and remit when due all premium payments for the benefit program(s) in which such Consortium Member is enrolled and all other payments required by this Agreement shall be deemed a withdrawal by such Consortium Member pursuant to this Section from such benefit program(s), and if such Consortium Member is no longer participating in any benefit program, from the Consortium. Upon withdrawal by notice of any self-insured Consortium Member (i.e., a Consortium Member holding and responsible for its own reserve), including the Fiscal Agent pursuant to Section 13 hereof, or upon automatic withdrawal for non-payment by any self-insured Consortium Member, including the Fiscal Agent, such self-insured Consortium Member shall be solely responsible for the payment of all of its benefit claims run-out, and the Consortium shall have no responsibility for such claims run-out. Upon any withdrawal by any fully-funded Consortium Member pursuant to this Agreement, the Consortium shall be solely responsible for all benefit claims run-out for such fully-funded Consortium Member, and such fully-funded Consortium Member shall have no responsibility for its claims run-out. The insurance coverage of such Consortium Member’s Employees and their eligible dependents and designated beneficiaries shall cease pursuant to the terms of the benefit program(s) or Policy or Policies applicable to such Consortium Member. The effective date of any Consortium Member’s withdrawal from any benefit program shall be the date that coverage of such Consortium Member’s Employees and their eligible dependents and designated beneficiaries ceases to be effective under the terms of the applicable benefit program(s) or Policy or Policies. Except as otherwise approved by the Board of Directors, upon any withdrawal from the Consortium or any benefit program no Consortium Member shall be entitled to the return or refund of any premiums or other amounts paid, directly or indirectly, by such Consortium Member to the Consortium.
Sample 1
Withdrawal of a Consortium Member. A Consortium Member (the "Withdrawing Member") may, with the prior written consent of all Full Consortium Members withdraw from the Consortium and cease to be a Consortium Member and a Party to this Agreement on giving not less than six (6) months' notice in writing of the same to all other Parties. Such period of notice may, with the prior written consent of all Parties (not to be unreasonably withheld or delayed), be reduced in circumstances where the Withdrawing Party reaches agreement with other Parties and/or new parties who collectively will take over its obligations under this Agreement; On expiry of such notice this Agreement shall terminate in respect of the Withdrawing Member. During such period of notice the Withdrawing Member shall not be relieved of any of its obligations under this Agreement. The termination of this Agreement with respect to such Withdrawing Member shall not affect any rights or obligations of that Withdrawing Member or any other Party which may have accrued prior to such termination; and Without prejudice to clause 13.9(a), the Withdrawing Member shall, after such termination, provide to a Party such information and documents concerning the Withdrawing Member's participation in the Consortium as may be reasonably requested by that Party.
Sample 1

Related to Withdrawal of a Consortium Member

  • Withdrawal of Members A member may withdraw from this LLC by giving written notice to all other members at least days before the date the withdrawal is to be effective.

  • Withdrawal of Services 50.1 Notwithstanding anything contained in this Agreement, except as otherwise required by Applicable Law, Verizon may terminate its offering and/or provision of any Service under this Agreement upon thirty (30) days prior written notice to PNG.

  • Withdrawal by a Member A Member has no power to withdraw from the Company, except as otherwise provided in Section 8. SECTION 6 SALARIES, REIMBURSEMENT, AND PAYMENT OF EXPENSES

  • Modification and Withdrawal of Tenders 2.19.1 The tenderer may modify or withdraw its tender after the tender’s submission, provided that written notice of the modification, including substitution or withdrawal of the tenders, is received by the Procuring Entity prior to the deadline prescribed for submission of tenders.

  • Withdrawal of Grievance A grievance may be withdrawn at any level without establishing a precedent.

  • Withdrawal Events In the event of the death, retirement, withdrawal, expulsion, or dissolution of a Member, or an event of bankruptcy or insolvency, as hereinafter defined, with respect to a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company pursuant to the Statutes (each of the foregoing being hereinafter referred to as a “Withdrawal Event”), the Company shall terminate sixty days after notice to the Members of such withdrawal Event unless the business of the Company is continued as hereinafter provided. Notwithstanding a Withdrawal Event with respect to a Member, the Company shall not terminate, irrespective of applicable law, if within aforesaid sixty day period the remaining Members, by the unanimous vote or consent of the Members (other than the Member who caused the Withdrawal Event), shall elect to continue the business of the Company. In the event of a Withdrawal Event with respect to an Member, any successor in interest to such Member (including without limitation any executor, administrator, heir, committee, guardian, or other representative or successor) shall not become entitled to any rights or interests of such Member in the Company, other than the allocations and distributions to which such Member is entitled, unless such successor in interest is admitted as a Member in accordance with this Agreement. An “event of bankruptcy or insolvency” with respect to a Member shall occur if such Member:

  • Withdrawal From Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand.

  • Withdrawal of Bid Any bidder who makes a bid but withdraws the same before the fall of the hammer, shall have his/her deposit equal to 10% of reserve price forfeited as agreed liquidated damages for payment to the Assignee/Bank. The Auctioneer reserves the right to put the property again for sale at the last undisputed bid, or otherwise to adjourn the auction to another date.

  • Modification and Withdrawal of Bids 22.1 Bidders may modify or withdraw their bids by giving notice in writing before the deadline prescribed in Clause 20.

  • Withdrawal of Cases After a case on which an Appeal Board is empowered to rule hereunder has been referred to the Appeal Board, the case may not be withdrawn by either party except by mutual consent.

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