Common use of Term and Dissolution Clause in Contracts

Term and Dissolution. Term. Membership is renewed annually upon payment of non-refundable dues. Members may terminate Membership at any time by written notice to MSTIC; and in its sole discretion, MSTIC may terminate a Member’s participation in the Consortium by written notice to a Member should such Member fail to comply with the Member Obligations set out in this CMA. In the event of the termination, Member’s rights and obligations pursuant to any Project Agreements, including but not limited to, continued funding and technology contribution commitments shall continue in accordance with the specific terms of the Project Agreements. Further, financial obligations to the consortium, to include project assessments, shall remain in full force and effect until all outstanding obligations to the consortium are satisfied according to the CMA.

Term and Dissolution. Term. Membership is renewed annually upon payment of non-refundable dues. Members may terminate Membership membership at any time by written notice to MSTICIWRP; and in its sole discretion, MSTIC IWRP may terminate a Membermember’s participation in the Consortium by written notice to a Member member should such Member member fail to comply with the Member Obligations set out in this CMA. In the event of the termination, Member’s rights and obligations pursuant to any Project Agreements, including but not limited to, continued funding and technology contribution commitments shall continue in accordance with the specific terms of the Project Agreements. Further, financial obligations to the consortium, to include project assessments, shall remain in full force and effect until all outstanding obligations to the consortium are satisfied according to the CMA.

Term and Dissolution. Term. Membership is renewed annually upon payment of non-refundable dues. Members may terminate Membership membership at any time by written notice to MSTIC; SpEC, and in its sole discretion, MSTIC SpEC may terminate a Membermember’s participation in the Consortium by written notice to a Member member should such Member member fail to comply with the Member Obligations obligations set out in this CMA. In the event of the termination, a Member’s rights and obligations pursuant to any Project Agreements, including but not limited to, continued funding and technology contribution commitments shall continue in accordance with the specific terms of the Project Agreements. Further, financial obligations to the consortium, to include project assessments, shall remain in full force and effect until all outstanding obligations to the consortium are satisfied according to the CMA.

Term and Dissolution. Term. Membership is renewed annually upon payment of non-refundable dues. Members may terminate Membership membership at any time by written notice to MSTICCWMD; and in its sole discretion, MSTIC CWMD may terminate a Membermember’s participation in the Consortium by written notice to a Member member should such Member member fail to comply with the Member Obligations set out in this CMA. In the event of the termination, Member’s rights and obligations pursuant to any Project Agreements, including but not limited to, continued funding and technology contribution commitments shall continue in accordance with the specific terms of the Project Agreements. Further, financial obligations to the consortium, to include project assessments, shall remain in full force and effect until all outstanding obligations to the consortium are satisfied according to the CMA.