Early Termination or Withdrawal. 1. This MOU may be terminated upon the express written agreement of all PARTIES. If this MOU is terminated, any remaining funds not due and payable or otherwise legally committed to a Consultant(s) shall be distributed to the remaining PARTIES (not including any EXCLUDED or WITHDRAWN PARTY or PARTIES) so that all such remaining PARTIES have paid no more than their pro-rata share (in accordance with the most current allocation set forth in Table 2 of Exhibit A). Completed work shall be owned by all PARTIES at the time of completion of the work who are not EXCLUDED or WITHDRAWN PARTIES. Similarly, rights to uncompleted work by the Consultant still under contract is to be owned by the PARTY or PARTIES who are not EXCLUDED or WITHDRAWN PARTIES at such time.
Early Termination or Withdrawal. In the event or early termination or withdrawal of [NAME] prior to the Associate Agreement Term, whether due to [NAME] failure to abide by the MRC Bylaws, termination of the Associate Member Supply Agreement, or other reason caused by the acts or omissions of [NAME], [NAME] shall be assessed a withdrawal payment in the amount of the then applicable administrative fee, or dues, multiplied by the initial tonnage or, if available, the most recent annual tonnage report(s) for [NAME] as an Associate Member and multiplied by the remaining portion of the Associate Agreement Term, but in no case longer than five (5) years. Payment of the withdrawal payment shall be due within sixty (60) days of presentation of an invoice by the MRC. [Signatures Appear Below]
Early Termination or Withdrawal. 1. This MOU may be terminated upon the express written agreement of all PARTIES. If this MOU is terminated, all PARTIES must agree on the equitable redistribution of remaining funds deposited, if there are any, or payment of invoices due at the time of termination. Completed work shall be owned by all PARTIES. Rights to uncompleted work by the Consultant still under contract will be held by the PARTY or PARTIES who fund the completion of such work.
