Orange County NC Website
31 <br />notice be given to more than one Party, the effective date of the notice <br />will be the last date on which notice is deemed given to any required <br />Party. <br />No Third-Party Beneficiaries. Nothing expressed or implied in this <br />Agreement will give any person other than the Parties any rights to <br />enforce any provision of this Agreement. There are no intended third-party <br />beneficiaries of this Agreement. <br />Survival of Covenants. All covenants, representations and <br />warranties made by the Parties in this Agreement shall survive the <br />delivery of this Agreement. <br />Severability. If any provision of this Kgreement shall be held <br />invalid or unenforceable by any court of competent jurisdiction, such <br />holding shall not invalidate or render unenforceable any other provision <br />of this Agreement. <br />Entire Contract. This Agreement, including the Exhibits, <br />constitutes the entire agreement between the Parties with respect to its <br />subject matter. <br />Counterparts. This Agreement may be signed in several counterparts, <br />including separate counterparts. Each will be an original, but all of them <br />together constitute the same instrument. <br />Recordable Form. As this Agreement limits the Parties' rights to <br />dispose of their respective ownership interests in the Greene Tract, any <br />Party may cause this Agreement to be filed in the real property records in <br />the office of the Register of Deeds of Orange County. <br />Withdrawal. Any Party may withdraw from this Agreement (and thereby <br />cease to be a Party to this Agreement) upon notice given to all the other <br />Parties and subject to the following additional provisions: <br />(a) A withdrawal may be effective only upon the beginning of a <br />Fiscal Year. A Town may withdraw only with at least one year's notice. The <br />County may withdraw only with at least two years' notice. <br />(b) No withdrawal will relieve a Party of its obligations under Part <br />2 so long as there is System Debt Outstanding; provided, however, that <br />System Debt first issued or contracted after the date a Party gives notice <br />of withdrawal will be disregarded for the purposes of this paragraph. <br />(c) No withdrawal will relieve any Party of its individual <br />liability, if any, under environmental laws or otherwise, related to its <br />respective use or ownership of the System which may accrue or which has <br />accrued prior to the effective date of such Party's withdrawal. <br />21 <br />