PROPERTY UPON TERMINATION Sample Clauses
The "Property Upon Termination" clause defines how ownership or possession of property is handled when an agreement ends. Typically, it specifies which party retains or returns physical or intellectual property, such as equipment, documents, or confidential information, upon the contract's conclusion. This clause ensures that all parties understand their obligations regarding property, preventing disputes and safeguarding assets when the contractual relationship terminates.
PROPERTY UPON TERMINATION. Upon termination, each party retains control of its property. Jointly held property shall be divided in proportion to the amount each party contributed to acquisition.
PROPERTY UPON TERMINATION. Title to all property acquired by BROADLINC under this Agreement shall remain with BROADLINC, unless otherwise provided for in Ordinance No. 2022-0845 or as otherwise agreed to by the PARTIES.
PROPERTY UPON TERMINATION. No real or personal property will be transferred as part of this Agreement. No joint board will be created to administer the provisions of this Agreement.
PROPERTY UPON TERMINATION. Upon expiration or termination of this Agreement, both parties will deliver to the other all property of the other party that they may have in their possession or control.
PROPERTY UPON TERMINATION. See Section 5.
PROPERTY UPON TERMINATION. No property will be purchased by or shared between Members in a formal capacity as a function of their involvement in the Transportation Planning Organization.
PROPERTY UPON TERMINATION. Any Party terminating its role as a member of the SRTC Board of Directors as provided for in Section 11 above shall forfeit any ownership interest in any personal property owned or held by SRTC. Personal property acquired by SRTC in the performance of this Agreement shall be disposed of by the Board upon termination of the Agreement. Unless otherwise required by law or agreement, cash and cash proceeds from sale of personal property shall be disbursed to the Parties according to the contribution made by the Party as set forth in this Agreement. This Interlocal Agreement is approved by the Parties upon compliance with RCW 47.80.020 (see second Recital, page 1). Attachment 2 contains the form of the signature page and certification to be submitted by the Parties. ATTACHMENT 1 Airway Heights 1 2.0 Liberty Lake 1 2.0 Medical Lake 1 1.0 Deer Park 1 1.0 Southeast County Towns1 1 1.0 Fairfield 0.0 Rockford 0.0 Spangle 0.0 Waverly 0.0 Spokane Seat 1 1 3.5 Spokane Seat 2 1 3.5 Spokane County Seat 1 1 3.5 Spokane County Seat 2 1 3.5 Spokane Valley Seat 1 1 3.5 Spokane Valley Seat 2 1 3.5 Spokane Transit 1 2.0 WSDOT 1 2.0 Major Employer 1 1.0 Transportation Commission 1 1.0 Kalispel Tribe 1 1.0 Spokane Tribe 1 1.0 Freight/Rail Representative 1 1.0 Spokane Airports2 1 2.0 1Fairfield, Latah, Rockford, Spangle, and Waverly 2Seat is not included in vote totals until Spokane Airports rejoins the SRTC Board. 3An affirmative weighted vote requires 22 or more total votes. CERTIFICATE I, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ , the Mayor for the City of Liberty Lake, hereby certify that the “INTERLOCAL AGREEMENT RELATING TO THE FORMATION AND OPERATION OF THE SPOKANE REGIONAL TRANSPORTATION COUNCIL AND OTHER MATTERS RELATING THERETO” was duly adopted at a regular/special meeting of the City of Liberty May 4, 2021 , of which all members of Liberty Lake Council had due and lawful notice and at which a majority thereof were present; with the following vote recorded on the above INTERLOCAL AGREEMENT: AYES, in favor thereof: NOES: ABSENT: ABSTAIN: Unanimous I further certify that based on the above recorded note, the INTERLOCAL AGREEMENT was approved at the above meeting; and that the City of Liberty Lake is now a party to the INTERLOCAL AGREEMENT.
PROPERTY UPON TERMINATION. It is not contemplated that any property, real or personal, will be acquired by any jurisdiction separately or jointly as a result of this Agreement. No separate fund will be established, and no legal entity is created.
PROPERTY UPON TERMINATION. See A.8 B. 1: CITY's SELECTION OF OPTION UNDER RCW 70A.205.040(3) IN CONJUNCTION WITH COMPREHENSIVE SOLID WASTE MANAGEMENT PLAN The CITY hereby selects the following option as provided for in RCW 70A.205.040(3)(a) in conjunction with its solid waste management, namely:
(a) Prepare and deliver to the county auditor of the county in which it is located its plan for its own solid waste management for integration into the comprehensive county plan C. 1: CITY's OBLIGATION WITH REGARD TO THE COUNTY REGIONAL SOLID WASTE SYSTEM CITY joins the County Regional Solid Waste System. CITY hereby covenants, agrees and contracts to exercise its police and contractual powers and authority as may now or hereafter be recognized in contract or at law to direct the deposit of Solid Waste generated within its geographical boundaries to the County Regional Solid Waste System. In conjunction with this obligation, the CITY will adopt and enforce the COUNTY's Flow Control Ordinance within its jurisdiction. During the term of this Agreement, subject to the exceptions currently in effect contained in the Flow Control Ordinance, the CITY (i) shall designate the County Regional Solid Waste System as its sole disposal site at all times, and (ii) shall enforce the Flow Control Ordinance continuously. In executing this Agreement, the CITY is designating the County Regional Solid Waste System as its sole disposal site at all times as required by the preceding sentence.
PROPERTY UPON TERMINATION. See Section No. 15 above.