Common use of Termination of Members Clause in Contracts

Termination of Members. ‌ The Board may vote to terminate any Member for cause including, but not limited to, the failure to meet its funding obligations set forth in this Agreement or future actions of the Board. In the event of a termination, this Agreement shall continue in full force and effect among the remaining members as set forth in Section 11.06 below.

Termination of Members. ‌ The Board may vote As an alternative to terminate any pursuing litigation against a Member for cause including, but not limited to, the failure to meet its funding obligations as set forth in this Agreement or future actions as may be adopted by the Board from time to time, the Board may vote to terminate such Member. Termination may be effected by the vote of all but one of the Boardcurrent Directors. In the event of a termination, this Agreement shall continue in full force and effect among the remaining members as set forth in Section 11.06 belowmembers.

Termination of Members. ‌ The Board may vote to terminate any Member for cause including, but not limited to, the failure to meet its funding obligations set forth in this Agreement or future actions of the Board. In the event of a termination, this Agreement shall continue in full force and effect among the remaining members as set forth in Section Paragraph 11.06 below.