DISPOSITION OF PROPERTY AND FUNDS. 9.1 In the event of the termination of this Agreement and the dissolution of the Authority, any assets that remain in the Authority following a discharge of all of the Authority's obligations will be disposed of as provided in the Bylaws.
DISPOSITION OF PROPERTY AND FUNDS. In the event of the dissolution of this Regional Occupational Center/Program, the complete rescission or other final termination of this agreement by all Districts then a party hereto, any property interest remaining in the Regional Occupational Center/Program following a discharge of obligations, shall be disposed of as the Council shall then determine with the objective of returning to the district or other agency which is then or was theretofore a party to this agreement a proportionate share of any remaining obligations should they exist. Such disposition shall follow to the extent possible the provision set forth below for the withdrawing district(s). In the event a district withdraws from this Agreement, all obligations between the withdrawing district and the Regional Occupational Center/Program shall be discharged through a transfer to the withdrawing district of real and/or personal property and/or funds equal to the withdrawing district's prorate share of the total tangible assets of the Regional Occupational Center/Program no later than one year following the effective date of withdrawal. The Council shall have the right to purchase any or all of the withdrawing district's prorata share of the total tangible assets of the Council excepting permanent improvements made upon real property of the withdrawing district, for an amount equal to the value which otherwise would be credited to the withdrawing district upon withdrawal.
DISPOSITION OF PROPERTY AND FUNDS. A. In the event of the dissolution of the AUTHORITY, the complete rescission, or other final termination of this Agreement by all Members, any property interests, surplus monies or other assets remaining in the AUTHORITY following a discharge of all obligations shall be disposed of by returning to each Member at the date of termination an individual Pro Rata share of said assets which shall be determined in the same manner as for withdrawing Member as provided in Article XIX.
DISPOSITION OF PROPERTY AND FUNDS. 14.0. Upon termination of this Agreement, the Authority forthwith shall wind up its affairs, including discharging all of its outstanding legal obligations. Personal property and funds remaining in the Authority shall be returned to the party from which the funds or personal property were obtained, except as mutually agreed by the parties. All real property owned by the Authority shall be conveyed to the Districts, unless the Authority shall determine otherwise.
DISPOSITION OF PROPERTY AND FUNDS. 12.0. Upon termination of this Agreement, the Authority shall forthwith wind up its affairs, including discharging all of its outstanding legal obligations.
DISPOSITION OF PROPERTY AND FUNDS. (a) Upon the dissolution of the Authority or other final termination of the Agreement, any properties of the Authority shall be liquidated and the funds received, together with other funds on hand, shall be used first to discharge all obligations of the Authority. These obligations shall include all claims for which the Authority may have financial responsibility including claims which have been incurred but not reported, and shall be determined by independent accountants and actuaries selected by the Executive Board. Any surplus funds remaining after payment of or providing for the Authority’s obligations shall be applied in accordance with Subsection (b) below.
DISPOSITION OF PROPERTY AND FUNDS. In the event of the dissolution of the System, the complete rescission or other final termination of this Agreement by all member districts then parties hereto, any property interest or surplus that is remaining in the System following a discharge of all obligations shall be disposed of as provided for in Article 26 of this Agreement.
DISPOSITION OF PROPERTY AND FUNDS. A. In the event of the dissolution of the Trust or other final termination of the Agreement by all public corporations then parties thereto, any property interest remaining in the Trust following the discharge of all obligations shall be disposed of as provided for by the By-Laws and according to state law.
DISPOSITION OF PROPERTY AND FUNDS. A. In the event of the dissolution of PINCO or the complete rescission or other final termination of this Agreement by all parties, any property interest remaining in PINCO following a discharge of all obligations, shall be disposed of as the PINCO Advisory Committee shall then determine, with the objective of returning to each district its proportionate share of the contributions made to such properties by such district. The inclusion of additional parties to this Agreement or the withdrawal of some but not all of such parties to this Agreement shall not be deemed a dissolution of PINCO or of this Agreement.
DISPOSITION OF PROPERTY AND FUNDS. A. Upon termination of the Consortium, or the complete rescission or other final termination of this Agreement by all Partner Districts that are then Parties to this Agreement, any property interest remaining in the Consortium following the discharge of all outstanding obligations shall be divided equally and returned to the terminating Partner Districts.
