MEMBER’S WITHDRAWAL, CANCELLATION OR TERMINATION. 1. Members agree to continue membership for a period of not less than one (1) full year. Thereafter, a Participating Member may withdraw from the Alliance, upon giving not less than ninety (90) days’ written notice to the Board. A withdrawal from the Alliance constitutes withdrawal from each and every Program in which the participating Member participated prior to withdrawal. The withdrawal of a Participating Member shall not affect the continuation of the Alliance by the remaining Participating Members. A Participating Member that withdraws shall remain jointly and severally liable for all the debts, obligations, and liabilities that were incurred by the Alliance on behalf of the withdrawing Member, or by every Program in which the withdrawing Member participated (prior to withdrawal) during the term of the withdrawing Member’s membership in those Programs. Without limiting the foregoing, a Participating Member which has withdrawn from the Alliance remains liable for any assessments made by the Board, to the extent the Board, in its discretion, determines that the assessment relates or is otherwise attributable to any one or more Programs in which the withdrawn Member participated, and to any period of participation by the withdrawn Member. A withdrawing Participating Member may be entitled to a share of the assets of the Alliance, and of any one or more Programs in which it participated, only if deemed appropriate and in the amount determined in the sole discretion of the Board. At the request of the withdrawing Member, the Alliance will continue to service all claims which have been reported to the Alliance during the withdrawing Member’s period of participation so long as the withdrawing Member shall promptly reimburse the Alliance for all claims expenses incurred. Payment of all claims so serviced by the Alliance for a withdrawing Member shall be the sole responsibility of the withdrawing Member and the Alliance shall incur no liability for payment of claims by virtue of servicing claims under the terms of this paragraph. Anything contained in this Agreement to the contrary notwithstanding, a Member that has given notice of withdrawal may rescind said notice, provided written notice of rescission is sent to the Alliance within the sixty (60) day period and provided further all contributions required from said Member are made in a timely fashion.
MEMBER’S WITHDRAWAL, CANCELLATION OR TERMINATION. 1. Members agree to continue membership for a period of not less than one (1) full policy year. At the conclusion of a policy year, a Member who has given sixty days (60) prior written notice to the Pool may withdraw at policy year-end. All notices received by Enduris stating an intention to withdraw from the program, or notification that the member is exploring the possibility of withdrawal, either conditional or unconditional, will be considered a notice to withdraw from the pool. When any member gives notice to withdraw or intent to withdraw as described in this section, the Member is not eligible to participate in the next policy coverage period and must wait a minimum of one year before making application to re-join the Enduris program. Upon notification of withdrawing from the pool, the withdrawing Member equity is forfeited to the remaining Members of the pool.
