Examples of Activity Agreement Member in a sentence
The Participation Percentages of each Activity Agreement Member shall be dated and attached as Exhibit “B” to this Agreement, effective upon the date approved by all Parties, without any further amendment of this Agreement being required.
For example, if there are five (5) Activity Agreement Members, each Activity Agreement Member would agree to reimburse the Authority one-fifth (1/5th) of those costs.
Withdrawal From Further Participation: To withdraw, an Activity Agreement Member shall give the Authority written notice of such withdrawal not less than 30 days prior to the withdrawal date.
Each Activity Agreement Member agrees to pay that share of costs for activities pursuant to this Agreement incurred on behalf of all of the Activity Agreement Members equal to such Member’s participation percentage as established in this Section.
Each Activity Agreement Member agrees that it will timely take actions necessary to provide sufficient money to meet its obligations hereunder.
Each Activity Agreement Member hereby confirms that the Authority and other Activity Agreement Members are third party beneficiaries of such Activity Agreement Member’s obligations under this Agreement and may take such actions in law or in equity as may be desirable to enforce payments hereunder.
Assignment; Binding on Successors: Except as otherwise provided in this Agreement, the rights and duties of the Activity Agreement Member may not be assigned or delegated without the written consent of the Authority.
Each member shall serve on the Steering Committee from the date of appointment by the governing body of the Activity Agreement Member or Participating Agency he/she represents at the pleasure of such governing body.
The participation percentages of each Activity Agreement Member may be modified by the Steering Committee from time to time, and Exhibit "A" shall be amended to reflect all such changes.
The business of the Activity Agreement shall be conducted by a Steering Committee consisting of one member appointed by each Activity Agreement Member and each Participating Agency member.