Common use of Dissolution Provisions Clause in Contracts

Dissolution Provisions. The cooperative operation of the facility under this Agreement can be dissolved only under the followingprocedures. A. Procedures for the dissolution of the operation of the school plant facilities under an inter-district cooperative plan shall not be instituted prior to the expiration of ten years after the date of State Board of Education approval of the financial plan for the construction of such facilities; provided, however, that a request for dissolution prior to the expiration of ten years may be approved when in the judgment of the State Board of Education there is sufficient cause B. Any plan for dissolution in paragraph A. above shall be submitted to the State Board of Education for review and approval prior to proceeding with dissolutionaction.

Dissolution Provisions. The cooperative operation of the facility under this Agreement can be dissolved only under the followingproceduresfollowing procedures. A. Procedures for the dissolution of the operation of the school plant facilities under an inter-district cooperative plan shall not be instituted prior to the expiration of ten years after the date of State Board of Education approval of the financial plan for the construction of such facilities; provided, however, that a request for dissolution prior to the expiration of ten years may be approved when in the judgment of the State Board of Education there is sufficient cause. B. Any plan for dissolution in paragraph A. above shall be submitted to the State Board of Education for review and approval prior to proceeding with dissolutionactiondissolution action.