CCP 12-09-2002 - Laserfiche WebLink

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. . . IX. WITHDRAWAL 9.1 A Party may withdraw from participation in the Agreement no later than 30 days after the adoption of the budget by giving written notice to the secretary-treasurer of the Operations Committee. The notice shall be accompanied by a certified copy of a resolution adopted by the city council of that Party authorizing withdrawal from membership. The withdrawal is effective at the end of the calendar year in which notice is given. 9.2 The withdrawal of a party does not affect that Party's obligation to pay fees, charges or contractual charges for which it is obligated nnder this Agreement. X. DURATION AND TERMINATION 10.1 This Agreement continues in effect indefinitely nntil terminated in accordance with its terms. 10.2 The Operations Committee may be dissolved and this Agreement terminated upon adoption of resolutions providing for termination by the city conncils of two-thirds of the Parties then in good standing. This Agreement shall also be terminated and the Operations Committee dissolved upon the withdrawal of all Parties leaving only one Party remaining. 10.3 In the event of dissoiution, the Operations Committee will determine the measures necessary to effect the dissolution and provide for the taking of such measures as promptly as circumstances permit, subject to the provisions of this Agreement and law. 10.4 In the event of dissolution, following the payment of all outstanding obligations, assets held by the Operations Committee will be distributed among the then existing members in direct proportion to their cumulative annual membership contributions. If obligations exceed the assets of the Operations Committee, the net deficit of the Operations Committee will be charged to and paid by the then existing members in direct proportion to the annual membership contributions of the year of dissolution. CLL-219977vl NE136.21 6