Common use of Duration and Dissolution Clause in Contracts

Duration and Dissolution. ‌ This Agreement shall remain in effect, subject to the following: (1) any Participant may withdraw at any time as provided in Section 6.D. of this Agreement; (2) should all but one Participant withdraw, the Agreement shall end and the Consortium shall be dissolved; (3) the Agreement may be ended and the Consortium dissolved by a vote of the Board; (4) remaining funds shall be distributed in accordance with the Bylaws.

Appears in 2 contracts

Sources: Intergovernmental Agreement, Intergovernmental Agreement