Exits. (a) If a Party terminates its membership with the Authority, including a dissolution of the Party, the Party shall have no claim to any assets or operating surpluses (tangible or intangible) of the Authority in any manner and the Party’s name shall be stricken from the Agreement. (b) In the case where a Party to the agreement terminates its membership or in the case of a dissolution, the Proportionate Interest of the Party shall be distributed equally between the remaining Parties. (c) In the case of termination for any reason, Section 6.8 would continue to survive the Party’s membership.
Appears in 2 contracts
Sources: Regional Solid Waste Authority Agreement, West Dried Meat Lake Regional Solid Waste Authority Agreement