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9 <br />(o)W the asset and liability transfer contemplated by Article II, and the transfer of operational <br />control contemplated by Article V, shall not take place until Carrboro, Chapel Hill and the <br />County have executed and delivered the Transfer Agreement, as contemplated by Sections 2.01 <br />and 2-.Q& IM <br />Thttselection of the New Solid Waste <br />Management Si P, <br />and the aonrov 1 by the Governing_ Boards of C_arrboro <br />Chanel Hin and the County of a substantially final form of the Transfer Agreement are <br />referred to in this Agreement as the "Open Matters." <br />1.03. Diligent Good Faith %rg�g- The Parties shall bargain toge#h in good <br />faith and with all due diligence, and shall use their respective best efforts, to reach final <br />egreemmf a resolution of the Open Matters. <br />1.04. Des line for N=dations. This Agreement shall automatically terminate on <br />December 1, 1997, unless each P&M's Governing Board has adopted an appropriate resolution <br />referencing this Agreement and stating that the Open Matters have be= resolved to such Party's <br />satisfaction. <br />ARTICLE H <br />2.01. County's Acquisition: Consideration. In consideration for the transfer of <br />assets described in Section 2.02, and in consideration for the other undertakings of the Towns in <br />this Agreement (including the undertakings set forth in Section 444) 2.= but without <br />additional monetary compensation, the County agrees to assume the liabilities described in <br />Section 243 2M and to undertake the other obligations imposed on it by this Agreement. The <br />Transfer will be consummated pursuant to a separate transfer agreement (the "Transfer <br />Agreement") to be negotiated among the County, Carrboro and Chapel Hill, which agreement <br />shall be subject to approval in its substantially final form by the respective Governing Boards <br />of those three Parties. <br />2.02. E_n_ ^s System Assets. (a) Under • the Transfer Agreement, <br />Carrboro and Chapel Hill shall transfer all of their respective right, title and interest in and to all <br />of the Existing System Assets to the County. <br />(b) The Parties agree that <br />they do not <br />meet, <br />. <br />- o _ <br />(o)W the asset and liability transfer contemplated by Article II, and the transfer of operational <br />control contemplated by Article V, shall not take place until Carrboro, Chapel Hill and the <br />County have executed and delivered the Transfer Agreement, as contemplated by Sections 2.01 <br />and 2-.Q& IM <br />Thttselection of the New Solid Waste <br />Management Si P, <br />and the aonrov 1 by the Governing_ Boards of C_arrboro <br />Chanel Hin and the County of a substantially final form of the Transfer Agreement are <br />referred to in this Agreement as the "Open Matters." <br />1.03. Diligent Good Faith %rg�g- The Parties shall bargain toge#h in good <br />faith and with all due diligence, and shall use their respective best efforts, to reach final <br />egreemmf a resolution of the Open Matters. <br />1.04. Des line for N=dations. This Agreement shall automatically terminate on <br />December 1, 1997, unless each P&M's Governing Board has adopted an appropriate resolution <br />referencing this Agreement and stating that the Open Matters have be= resolved to such Party's <br />satisfaction. <br />ARTICLE H <br />2.01. County's Acquisition: Consideration. In consideration for the transfer of <br />assets described in Section 2.02, and in consideration for the other undertakings of the Towns in <br />this Agreement (including the undertakings set forth in Section 444) 2.= but without <br />additional monetary compensation, the County agrees to assume the liabilities described in <br />Section 243 2M and to undertake the other obligations imposed on it by this Agreement. The <br />Transfer will be consummated pursuant to a separate transfer agreement (the "Transfer <br />Agreement") to be negotiated among the County, Carrboro and Chapel Hill, which agreement <br />shall be subject to approval in its substantially final form by the respective Governing Boards <br />of those three Parties. <br />2.02. E_n_ ^s System Assets. (a) Under • the Transfer Agreement, <br />Carrboro and Chapel Hill shall transfer all of their respective right, title and interest in and to all <br />of the Existing System Assets to the County. <br />(b) The Parties agree that <br />they do not <br />