Resolution 2009-016 - Laserfiche WebLink

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funds until such time as this Agreement is terminated by al I I Parties pursuant to this Article 10. Such disposition of property shall be in accordance with the provisions of Section D of this Article 10. Any Financial Party withdrawing shall be liable for any assessment in the year in which the withdrawal becomes final only for the period in such year that the Financial Party remains a party. The Financial Party's assessment shall not exceed the sum of one- twelfth (1/12th) the full assessment multiplied by the number of months or fractions thereof in the year during which the party remains a party. C. Termination This Agreement shall terminate upon the occurrence of any one of the following events: a. When necessitated by operation of law or as a result of a decision by a court of competent jurisdiction; or b. When all of the Financial Parties agree, by resolution adopted by the respective governing bodies, to terminate this Agreement and all obligations of the Commission shall have been paid or otherwise defeased in full. D. Dis osition of At such time as this Agreement is terminated, any property interest remaining in the Commission, following discharge of all obligations owed by the Commission shall be disposed of and the proceeds of the property shall be returned to the Parties in proportion to their contribution. E. Effect of Withdrawal of Financial PaKty9p Budget In the event a Financial Party withdraws, the unpaid assessment allocable to such member in the year of withdrawal and subsequent years shall be reallocated to the remaining Financial Party. ARTICLE 11. MISCELLANEOUS A. Amendments This Agreement may be amended by unanimous agreement of the Parties as evidenced by 4::1 resolutions adopted by the respective governing bodies. CADocuments and SetIings\craig.dawson\Locai settingsueniporary Internet Files\Content.outtook\JDZ5KGXY\1-94 RIA 3-3-09 Final with Signature