Common use of Dissolution and Return of Remaining Funds Clause in Contracts

Dissolution and Return of Remaining Funds. Upon dissolution of the DRWW pursuant to the DRWW bylaws, and only to the extent that any funds remain after payment of all costs related to completion of the Intended Work, the remaining Parties shall be reimbursed from the remaining funds in the same proportion as their respective contributions. The DRWW shall deliver such remaining funds to the Parties within 90 days after the dissolution of the DRWW, unless otherwise agreed by the Parties.

Appears in 3 contracts

Samples: Des Plaines River Watershed Workgroup Agreement, Des Plaines River Watershed Workgroup Agreement, Des Plaines River Watershed Workgroup Agreement

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Dissolution and Return of Remaining Funds. Upon dissolution of the DRWW pursuant to the DRWW bylaws, and only to the extent that any funds remain after payment of all costs related to completion of the Intended Workcompleted WSA-Related Services, the remaining Parties shall be reimbursed from the remaining funds in the same proportion as their respective contributionsContributions. The DRWW shall deliver such remaining funds to the Parties within 90 days after the dissolution of the DRWW, unless otherwise agreed by the Parties.. Des Plaines River Watershed Workgroup EXHIBIT A – SIGNATURE OF MEMBER PARTIES

Appears in 1 contract

Samples: www.drww.org

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