Common use of Ratification & Termination Clause in Contracts

Ratification & Termination. A. This IGA shall become effective upon the later of January 1, 2019 or the approval by all signatory parties including the Governor or his designee. B. Designation of this MPO by the Governor and approval of this IGA by the State of Illinois shall be considered acceptance of the provisions and objectives contained herein and shall constitute an agreement between the jurisdictions heretofore mentioned, to cooperate in the continuing, cooperative, and comprehensive transportation planning process for this MPO in the DeKalb Urbanized Area of DeKalb County. C. This Agreement shall remain in force through December 31, 2038. The agreement may be renewed prior to the termination date for an additional twenty years if all parties to this agreement, except for the Town of Cortland who is now relinquishing their membership, approve such action by June 30, 2038. D. Any party to this Agreement may withdraw by giving written notice to the Chairman of the Policy Committee, not less than one hundred and eighty (180) days prior to the later of the effective date of termination or the written notice to the Chairman of the Policy Committee. Termination from this agreement shall not relieve the withdrawing party from compliance with Federal or State requirements for cooperative transportation planning and programming, nor relieved from any financial obligations incurred as of the termination effective date.

Ratification & Termination. A. This IGA shall become effective upon the later of January October 1, 2019 or the approval by all signatory parties including the Governor or his designee. B. Designation of this MPO by the Governor and approval of this IGA by the State of Illinois shall be considered acceptance of the provisions and objectives contained herein and shall constitute an agreement between the jurisdictions heretofore mentioned, to cooperate in the continuing, cooperative, and comprehensive transportation planning process for this MPO in the DeKalb Urbanized Area of DeKalb County. C. This Agreement shall remain in force through December 3131 September 30, 203820398. The agreement may be will automatically renewed prior to the termination date for an additional twenty years if all no parties to this agreement, except for the Town of Cortland who is now relinquishing their membership, approve individually approve, such action by June 30, 2038March 31, 20398 a resolution to terminate this IGA. D. Any party to this Agreement may withdraw by giving written notice to the Chairman of the Policy Committee, not less than one hundred and eighty (180) days prior to the later of the effective date of termination or the written notice to the Chairman of the Policy Committee. Termination from this agreement shall not relieve the withdrawing party from compliance with Federal or State requirements for cooperative transportation planning and programming, nor relieved from any financial obligations incurred as of the termination effective date.