Common use of Unilateral Withdrawal Clause in Contracts

Unilateral Withdrawal. Upon sixty (60) days’ prior written notice, a Member may unilaterally withdraw from this Agreement for any reason, without causing or requiring termination of this Agreement. A member that withdraws shall be held to its financial obligations to the Construction Authority incurred while a member. Unless the notice is retracted, the withdrawal shall be effective as of the date the Member provided written notice or after written confirmation from the Construction Authority that the Member’s outstanding obligations have been resolved.

Unilateral Withdrawal. Upon sixty (60) days’ prior written notice, a Any Member may unilaterally withdraw from this Agreement for any reason, without causing or requiring termination of this Agreement, effective upon one hundred eighty (180) days written notice. A member that withdraws Such notice shall be held to its financial obligations provided to the Construction Authority incurred while a member. Unless the notice is retractedBoard Secretary, the withdrawal shall be effective as Board of Directors, and each of the date Members. If a Member withdraws, this Agreement will continue in full force and effect among the Member provided written notice or after written confirmation from the Construction Authority that the Member’s outstanding obligations have been resolvedremaining Members.