Orange County NC Website
• ~. <br />3S <br />Agreement regrn*''res that ~ . <br />notice be given to more thaw one Party; the effective date '~af the <br />notice will be the last date ari which notice is deemed given to any <br />required. Party. <br />2do Third-Party Heaefieia=ies. Nothing expressed or implied in• <br />this Agreement will give a~ person other than the Parties any ,rights <br />to enforce any provision of this Agreement. There are no ,intended <br />third-party beneficiaries of this Agreement. <br />Survival a€ Covetiaate. All covenants, representations and <br />warranties made by the Parties .ia this Agreement shall survive the <br />delivery of this Agreement. <br />Severability. If any provision of this Agreement sha~.l be held <br />invalid or unenforceable by•any court' of competent j.urisdiction,.such <br />holding shall not invalidate ar render unenforceable any other <br />provision af•this Agreement. <br />Entire Contract. This Agreement, including the Eachibits, <br />constitutes the entire agreement between the Parties with .respect to <br />its subject matter. <br />• Counterparts. This Agreement may be signed in several <br />counterparts, including separate counterparts. Each will be an <br />original, but all •o€ them together constitute the same instrument. <br />Recto=dable Farm. As this•Agreemeat limits the Parties' rights to <br />dispose of their respective ownership interests in the Greene Tract, <br />any Party may cause this Agreement to be filed in the real property <br />• records in the office of the Register of Deeds• of Orange County. <br />Withdrawal. Any Party may withdraw from tb:~.s Agreement (and <br />t]ae'reb~r ~ cease . to be a Party tp this Agreement) upon •notice given to all <br />the other Parties and subject to the following additional provisions: <br />(aj A withdrawal may be effective only upon~the beginning of a <br />Fiscal Year. A Tawas may withdraw only with at least one year's notice. <br />• The County may withd=aw only with at least two years' notice. <br />(b) No withdrawal will relieve a Party of its obligations under <br />Part 2 so long as them is System Debt Outstanding; provided, however, <br />that System' Debt~~first issued or contracted after the date a Party <br />gives natice~~of Withdrawal will be disregarded for. the purposes of this <br />paragraph• ~ . <br />(c) Na withdrawal will relieve any Party of its individual. <br />liability, if any, under environmental. laws .or otherwise, related to <br />its respective use or :ownership of the System which may accrue or which <br />• - 20 <br />