Real or Personal Property. All real or personal property purchased pursuant to this Agreement and all unexpended funds or reserve funds, net of all outstanding Snohomish County 911 liabilities, shall be distributed to those Principals still participating in the Snohomish County 911 on the day prior to the termination date and shall be apportioned between Principals based on the ratio that the average of each Principals’ contributions to the operating budget over the preceding five (5) years bears to the total of all then remaining Principals’ User Fees paid during such five-year period. The Governing Board shall have the discretion to allocate the real or personal property and funds as it deems appropriate, and the apportionment, determined consistent with the preceding sentence, need not be exact.
Real or Personal Property. [ORS 190.020(1)(d)] There shall be no transfer of title or possession to any real or personal property pursuant to this Agreement. At the time this agreement is entered into by the City of Ashland and Xxxxxxx County, the City is the owner of the building and of all materials in the Library acquired prior to 1970. Xxxxxxx County is the owner of all the equipment and materials in the building including but not limited to books, furniture, shelving and library equipment. No provision of this Agreement shall expressly or impliedly operate as a waiver or release of any of the terms, conditions or requirements of the 2000 Intergovernmental Agreement or otherwise act as a waiver or release of any demands, claims, actions or proceedings arising out of a violation or breach of the 2000 Intergovernmental Agreement, whether such breach concerns transfer or possession of real or personal property, or any other claim or action.
Real or Personal Property. The Agencies do not anticipate that they will acquire or hold any real or personal property in this cooperative undertaking, but in the event that any such property is acquired by the Agencies jointly for the undertaking, and paid for by two or more of them, then it shall be divided as the contributing Agencies’ representatives shall agree, or, if no agreement is reached, then it shall be divided according to their respective payments for the property, or, if it cannot be practically divided, then the property shall be sold and the proceeds divided according to the Agencies’ proportionate share of the purchase of the item of property.
Real or Personal Property. Sell, purchase, enter into a lease, relocate, open or close any banking or other office, or file an application pertaining to such action with any Governmental Authority, or any take any such actions related to PGB or Bank-OREO other than the sale of PGB or Bank-OREO at a price at or above its then current book value, or otherwise dispose of any other assets outside the ordinary course of business.