Common use of Cooperation Provisions Clause in Contracts

Cooperation Provisions. In the event of a termination, the terminating Party shall not be relieved of any existing and unperformed obligations up until the effective date of termination, and the Participation Agreement shall remain in effect as to the non-withdrawing Parties. The non-withdrawing Parties, beginning at the time notice of termination is received, shall work together in good faith to determine if the intent and purpose of the Participation Agreement can be accomplished by executing any Amendments deemed necessary and/or adding any parties deemed necessary to perform the executory obligations of the withdrawing Party.

Appears in 4 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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Cooperation Provisions. In the event of a termination, the terminating Party shall not be relieved of any existing and unperformed obligations up until the effective date of termination, and the Participation Agreement shall remain in effect as to the non-withdrawing Parties. The non-withdrawing Parties, beginning at the time notice of termination is received, shall work together in good faith to determine if the intent and purpose of the Participation Agreement can be accomplished by executing any Amendments deemed necessary and/or adding any parties deemed necessary to perform the executory obligations of the withdrawing Party.

Appears in 3 contracts

Samples: Wake Transit Master Participation Agreement, Joint Agency Agreement, Joint Agency Agreement

Cooperation Provisions. In the event of a terminationtermination pursuant to any subsection hereunder, the terminating Party shall not be relieved of any existing and unperformed obligations up until the effective date of termination, and the Participation Agreement shall remain in effect as to the non-withdrawing Parties. The non-withdrawing Parties, beginning at the time notice of termination is received, shall work together in good faith to determine if the intent and purpose of the Participation Agreement can be accomplished by executing any Amendments deemed necessary and/or adding any parties deemed necessary to perform the executory obligations of the withdrawing Party.

Appears in 1 contract

Samples: Wake County

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Cooperation Provisions. In the event of a termination, the terminating Party shall not be relieved of any must fulfill existing and unperformed obligations up until the effective date of termination, and the termination date. The Participation Agreement shall remain remains in effect as to for the non-withdrawing remaining Parties. The non-withdrawing Parties, beginning at the time notice of termination is received, shall work together in good faith to determine if the Participation Agreement’s intent and purpose of the Participation Agreement can be accomplished by executing any Amendments deemed necessary amendments and/or adding any parties deemed necessary Parties to perform the executory obligations of the withdrawing Party.

Appears in 1 contract

Samples: Participation Agreement

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