Orange County NC Website
16 <br />the effective date of such Party's withdrawal, and as to anv such matters such members shall <br />not be deemed to be within the authorized number of Advis4LY Commission members for the <br />purposes of subsection (b) above. <br />ARTICLE VII <br />ir: a r M� "m T.- w <br />7.01. Term, This Agreement (a) shall take effect immediately upon its execution and <br />delivery by all the Parties, and (b) shall continue in effect so long as there are at least two Parties <br />to the Agreement, in each case subject to the provisions of Section 1.02. <br />7.02. Withdrawal of a Par M (a) Any Party may withdraw from this <br />Agreement (and thereby cease to be a Party to this Agreement) upon notice given to all the other <br />Parties and subject to the other provisions of this Section. <br />(b) 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 />(c) No withdrawal shall relieve a Party of its obligations under Section 2-04 ?M so <br />long as there is System Debt Outstanding; provided, however, that System Debt first issued or <br />contracted after the date •a Party gives notice of withdrawal shall be disregarded for the purposes <br />of this subsection. <br />(d) No withdrawal shall relieve any Party of its individual liability, if any, under <br />environmental laws or otherwise, related to its respective use or ownership of the Solid Waste <br />System which may accrue or which has accrued prior to the effective date of such Party's <br />withdrawal. <br />ARTICLE VIII <br />The Parties hereby represent and warrant, one to each other, but each only as to itself, as <br />follows: <br />(a) Valid Existence: Due Authorization. The Party is a public body validly <br />organized and existing under State law, has full power to enter into this Agreement and has duly <br />authorized, executed and delivered this Agreement. <br />(b) Valid Obligation, This Agreement, when executed and delivered by the Party <br />and assuming its due authorization, execution and delivery by each other Party, will be the legal, <br />