Orange County NC Website
51 <br /> the effective date of such Party's withdrawal, and to an3 ich matters such members shall <br /> not be deemed to be within the authorized number of Advisoa Commission members for the <br /> purposes of subsection(b) above. <br /> ARTICLE VII <br /> Term of Agreement: Withdrawal <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 Party. (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 /> Parties' Representations and Warranties <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 />