Common use of New Parties Clause in Contracts

New Parties. Prospective Parties may apply to the Board of Directors at any time. The Board shall have the power to accept a prospective Party, after reviewing their application. The membership shall become effective upon the Board’s approval and the signing of this Agreement, participation in all mandatory Coverage Programs, and compliance with any and all other requirements imposed upon membership by the Bylaws or other Governing Documents.

Appears in 3 contracts

Sources: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Authority Agreement