Remaining Parties definition
Examples of Remaining Parties in a sentence
A BVWACS Party may withdraw from this Agreement and terminate its participation in BVWACS at any time by giving at least twelve (12) months prior written notice to the Remaining Parties.
The Remaining Parties may seek an agreement with the Terminated Party about its BVWACS Value.
The portion of the Budget allocated to a Withdrawing Party after receipt of the notice of withdrawal may be reduced by the agreement of three-fourths of the members of the Remaining Parties.
When the BVWACS Value is determined, the Remaining Parties shall determine how the ownership of the BVWACS Values is to be disposed.
If the Terminated Party and the Remaining Parties are unable to agree on the Terminated Party’s BVWACS Value, they shall use the method for determination of value in section 17.C. as if the Terminated Party were a Withdrawing Party.
The Remaining Parties shall determine as to how the Terminated Party’s BVWACS Value shall be disposed.
The Termination Date shall not be earlier than twelve months after notice is given unless three-fourths of the members of the Remaining Parties agree otherwise.
The Withdrawing Party and its vote on the Governing Board shall be excluded in determining the votes needed for the Remaining Parties to make a decision about the disposition of the Withdrawing Party’s BVWACS Value after the Termination Date.
The Remaining Parties have ninety (90) days after the date that termination is effective to determine the value and disposition of the Terminated Party’s BVWACS Value.
The Withdrawing Party shall offer its BVWACS Value to the Remaining Parties.