Orange County NC Website
Parties in this Agreement shall survive the delivery of this Agreement. <br />Severability. If any provision of this Agreement - shah be held invalid or <br />unenforceable by any court of competent jurisdiction, such holding_ -:�%4 shall not invalidate or <br />render unenforceable any other provision of this Agreement. <br />Entire Contract This Agreement, including the Exhibits, constitutes ' the entire <br />agreement between the Parties with respect to its subject matter. <br />Counterparts. This Agreement may be signed in several counterparts, including <br />separate counterparts. Each will be an original, but all of them together constitute the same <br />instrument. <br />Recordable Form As this Agreement limits the Parties' rights to dispose of their <br />respective ownership interests in the Greene Tract, any Party may cause this Agreement to be filed <br />in the real property records in the office of the Register of Deeds of Orange County. <br />or <br />Withdrawal. Any Party may withdraw from this Agreement (and thereby cease to be a <br />Party to this Agreement) upon notice given to all the other Parties and subject. to the following <br />additional provisions: <br />(a) A withdrawal may be effective only upon the beginning of a Fiscal Year. A Town <br />may withdraw only with at least one year's notice. The County may withdraw only with at least <br />two years' notice. <br />(b) No withdrawal will relieve a Party of its obligations under Part 2 so long as there is <br />System Debt Outstanding; provided, however, that System Debt first issued or contracted after the <br />date a Party gives notice of withdrawal will be disregarded for the purposes of this paragraph. <br />(c) No withdrawal will relieve any Party of its individual liability, if any, under <br />environmental laws or otherwise, related to its respective use or ownership of the System which <br />may accrue or which has accrued prior to the effective date of such Party's withdrawal. <br />Draft of June 1, 1999 /Blacklined from May 10, Page 17 <br />