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i• <br />• <br /> <br />a7 <br />transition of the Undertaking may take up to one year following notice <br />of termination. In no event shall any Party terminate this Agreement <br />without first assuring that continuity of services will be maintained. <br />This Agreement may not be terminated without first giving written <br />notice to the Secretary. <br />The Parties agree that upon termination of this Agreement, any <br />budgetary surplus available to the LME at the time of its dissolution <br />shall be distributed among the Parties on the same pro rata basis that <br />each Party appropriated and contributed funds to the LME budget during <br />the duration of this Agreement. Distribution to the Parties shall be <br />determined on the basis of an audit of the financial record of the <br />LME. The Governing Board shall select a certified public accountant <br />or an accountant who is subsequently certified by the Local Government <br />Commission to conduct the audit. The audit shall be performed in <br />accordance with N.C.G.S. §159-34. Any liabilities of the LME existing <br />at the time of the termination of this Agreement shall be paid from. <br />unobligated surplus funds available to the LME. If unobligated LME <br />surplus. funds are not sufficient to satisfy the total indebtedness of <br />the LME, then the remaining unsatisfied indebtedness shall be <br />apportioned on the same pro rata basis that the Parties appropriated <br />and contributed funds to the LME during the duration of this <br />Agreement. <br />30. AMENDING THE AGREEMENT <br />.Amendments to this Agreement shall be effective only when reduced <br />to writing, duly executed by the Parties and ratified by resolution of <br />the Board of Commissioners of each Party and spread upon its minutes. <br />-21- <br />