Examples of Project Commitments in a sentence
The Withdrawing Party may appeal the Report’s determination that its contributions are used to fund Project Commitments that prevent withdrawal under section 3 of this Agreement by submitting an appeal to the PRFMA Clerk of the Board, including all information relevant to the Withdrawing Party’s position.
Within 60 days of submission of the Withdrawing Party’s appeal, the Board shall set a hearing to determine the status of the Withdrawing Party’s contributions to fund Project Commitments, and the Clerk of the Board shall provide the Withdrawing Party with at least 10 days’ written notice of the hearing.
Any approved assignment or delegation shall be consistent with the terms of any then extant contributions to fund Project Commitments or other obligations of the Agency.
This Agreement may not be rescinded or terminated, and Zone 7, MCWRA, and Watsonville may not withdraw from this Agreement while that Party’s contributions under this Agreement are used to fund Project Commitments, unless the PRFMA or another public agency has provided such reasonable written assurances to perform those Project Commitments as may be requested by the State, the Federal government, or other contracting parties to those Project Commitments.
If the Board determines that contributions from the Withdrawing Party do not fund Project Commitments that prevent withdrawal under Section 3 of this Agreement as of the date of receipt of the notice required under section 5.1 of this Agreement, the PRMA shall authorize the Withdrawing Party by resolution to withdraw from this Agreement at the next regularly scheduled meeting of the PRFMA Board.