Withdrawal of a Party. 12.5.1. With the exception of the Managing Party, each Party may withdraw from the Project by terminating this Agreement giving six months’ notice. Such a termination shall only affect the withdrawing Party and the Agreement shall continue to be in force as between the remaining Parties. A Party withdrawing from the Agreement shall be obliged, to the best of its efforts, to fully execute and complete any Key Contributions it has committed to the Project, regardless of its withdrawal. Following the written permission of the other Parties such obligation pertaining to a Key Contribution may be assigned and transferred to a third party.
12.5.2. By this Agreement the Parties have not intended for the creation of a non-registered partnership and the Act on Partnerships and Non-registered Partnerships (Sw. lag (1980:1102) om handelsbolag och enkla bolag) shall not apply. In the event that it be established, contrary to the intent of the Parties, that said law shall nevertheless apply and that there exists grounds for liquidation pursu- ant to Sections 24-27 of said law, the Parties have agreed that liquidation shall not be effectuated, instead such Party to whom such grounds may be attributable shall withdraw from the Project and from this Agreement.
12.5.3. Upon withdrawing from this Agreement, all committed Contributions of the withdrawing Party which have not yet been realized or used, except for contributions defined as Key Contributions, shall be revoked, terminat- ed and cease to apply. The withdrawing Party shall retain all right, title and interest in and to Results having been assigned and transferred to said Party. Licenses to Back- ground Information granted to the withdrawing Party pursuant to Sections 7.1.4 and 7.1.5 shall only remain in force to the extent necessary for the withdrawing Party to exercise a Result it owns, and all other rights granted be revoked and terminated. Licenses to Background Infor- mation granted by the withdrawing Party pursuant to Sec- tions 7.1.4 and 7.1.5 shall remain in force on the terms and conditions upon which they were granted.
Withdrawal of a Party. Notwithstanding anything contained in this Agreement to the contrary, any Party or Implementor hereto shall have the right to withdraw as a Party or Implementor to this Agreement by providing thirty (30) days prior written notice to the Executive Director and the Chair or Co-Chairs of the Executive CouncilBoard of Directors as set forth in section 9.2, above. On the day following the end of such thirty (30) day period, the withdrawing Party or Implementor shall no longer be considered a Party or Implementor to this Agreement and its representatives will no longer be members of any council under this Agreement. If a Party or Implementor withdraws under this Section 9.3: (a) all monies previously paid hereunder shall be conclusively deemed earned and not subject to return to such Party or Implementor; (b) any future funding responsibility of such Party or Implementor for the longer of the period of such thirty (30) days or until the next fiscal year shall be required; (c) this Agreement shall continue as to the remaining Parties and Implementors; and (d) the withdrawing Party or Implementor is no longer entitled to the benefits of being a Party to this Agreement, except to the extent Paragraph 3.10b, as amended from time to time, provides all local governments with certain benefits.
Withdrawal of a Party. 11.1.1 A Party may withdraw from this Agreement effective on the last day of a calendar year by giving written notice to the Board at least two years prior to the proposed effective date for withdrawal.
11.1.2 Any Party that has given notice of its intent to withdraw must meet with the Executive Director or his or her designee to develop a departure plan that is intended to ensure an orderly separation of the Party from the PSERN Operator in a manner that is consistent with this Agreement. The departure plan may include the transfer of funds and equipment or other assets and such plan must be approved by unanimous vote of the Board of Directors.
Withdrawal of a Party. Any Party may unilaterally withdraw from this STP Project Agreement by providing written notice to the other Parties; provided, however, that the withdrawing Party shall continue to be obligated to pay its share of costs incurred pursuant to the approved annual budget through the remainder of the calendar year in which the written notice to withdraw is provided. Notwithstanding the above, Western Area Power Administration shall be exempt from these payment requirements only if its compliance would violate the Federal Anti-Deficiency Act (31 U.S.C. §1341).
Withdrawal of a Party. Upon a transfer by a Selling Party to one or more Non-Selling Parties, as applicable, of all of the Selling Party's ownership interest in the Aircraft, in a transaction that does not cause a termination of this Agreement under Section 2.1 hereof, said Selling Party shall be deemed to have withdrawn from this Agreement and shall no longer be party to this Agreement, but this Agreement shall remain in full force and effect for the benefit of the Non-Selling Parties
Withdrawal of a Party. A Party may withdraw from this MOA by giving at least 30 days’ written notice of its election to do so to all Parties (“Withdrawal Effective Date”). Upon receipt of such notice of withdrawal (“Notice of Withdrawal Date”), and, notwithstanding any other provision in this MOA, such Party will have no further obligations for any costs incurred pursuant to this MOA subsequent to the Notice of Withdrawal Date. Prior to the Withdrawal Effective Date or as soon as an accounting can be completed, the withdrawing Party must pay its proportionate share of any outstanding expenses incurred under this MOA through the Notice of Withdrawal Date. Alternatively, to the extent that the withdrawing Party has made contributions in excess of its proportionate share of expenses incurred through the Notice of Withdrawal Date and there are no other known or reasonably foreseeable claims, demands, damages or liability incurred prior to the Notice of Withdrawal Date, then the Contracting Agency will cause any such excess contributions to be refunded to the withdrawing Party within 60 days of the Withdrawal Effective Date. Notwithstanding any refund made to a withdrawing Party, the withdrawing Party will remain responsible for its proportionate share of any claims, demands, damages, or liability arising from this MOA through the Notice of Withdrawal Date for such Party.
Withdrawal of a Party. A party to this Agreement may cease to be a party hereto or may discontinue participation in any program, and may withdraw as a party to this Agreement or from any program, in the manner hereinafter provided:
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Withdrawal of a Party. Notwithstanding anything contained in this Agreement to the contrary, any Party or Implementation Partner hereto shall have the right to withdraw as a Party or Implementation Partner to this Agreement by providing thirty (30) days prior written notice to the Executive Director and the Chair of the Board of Directors as set forth in section 7.2, above. On the day following the end of such thirty (30) day period, the withdrawing Party or Implementation Partner shall no longer be considered a Party or Implementation Partner to this Agreement and its representative will no longer be a member of the Board of Directors. If a Party or Implementation Partner withdraws under this Section 7.3: (a) all monies previously paid hereunder shall be conclusively deemed earned and not subject to return to such Party or Implementation Partner; (b) any funding responsibility of such Party or Implementation Partner shall cease; (c) this Agreement shall continue as to the remaining Parties and Implementation Partners; and (d) the withdrawing Party or Implementation Partner is no longer entitled to the benefits of being a Party to this Agreement.
Withdrawal of a Party. A Party may withdraw from this Agreement by providing at least twelve (12) months prior written notice of its intent to withdraw to the other Parties. Withdrawal shall not act to discharge any liability incurred by the Party prior to withdrawal. Such liability shall continue until discharged by law or agreement of the remaining Parties. If a Party withdraws from the District, and the remaining Parties decide to continue the operations of the District under the terms of this Agreement, including any amendment(s) thereto to change the allocation formula, the withdrawing Party shall be entitled to distribution under this and the remaining Parties shall pay the withdrawing Party for its interest in the District’s assets and funds in proportion to the percentage of annual contribution of funds by the Party to the District at the time of withdrawal. If the Parties do not agree on the fair market value of a non-liquid asset, the District may submit the item to a professional appraiser, whose written opinion of the fair market value shall be conclusive. The distribution to the withdrawing Party shall be reduced by the amount of unfunded liabilities or unpaid expenses as of the end of said fiscal year, unless the withdrawing Party assumes responsibility to pay such unfunded liabilities or unpaid expenses. If the withdrawing Party wishes to sell its share, the remaining Party or Parties shall have the right to purchase said share at its current value before it is offered to any other potential purchaser and in any case shall have a right of first refusal at a price equal to that offered by the selling Party by any third party.
Withdrawal of a Party. (a) A Party (“Withdrawing Party”) may cease to be a Party by delivering a Withdrawal Notice to each of the other Parties specifying the date (the “Withdrawal Date”) on which such withdrawal shall become effective, provided that such date shall be no earlier than the date falling six months after the date of the Withdrawal Notice.
(b) On the Withdrawal Date set out in an effective Withdrawal Notice, the Withdrawing Party shall cease to be a Party and shall have no further rights or obligations under this Agreement (other than rights and obligations which accrued prior to such cessation), but, for the avoidance of doubt, the contractual relations between the other Parties under this Agreement will continue in force unaltered.
