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ASO OPERATING AGREEMENT Page 17 of 33 <br /> <br /> <br /> <br />permitted to be taken at a meeting of the Executive Committee may be taken without a <br />meeting. <br /> <br />7.10 Waiver of Notice. When any notice is required to be given to a County <br />Authority, a waiver thereof in writing signed by the County Authority entitled to such notice, <br />whether before, at, or after the time stated therein, shall be equivalent to the giving of such <br />notice. <br /> <br />7.11 Failure to Observe Formalities. Pursuant to RCW 25.15.061, notwithstanding <br />anything herein to the contrary, this Agreement does not expressly require the County <br />Authorities to hold any meetings and the failure to observe any formalities requiring the <br />calling or conduct of any meeting shall not be considered a factor tending to establish <br />personal liability of the County Authorities; provided that this provision shall not be construed <br />to permit actions in violation of RCW Chapter 42.30. <br /> <br /> <br />ARTICLE 8 -- CONTRIBUTIONS TO THE ASO AND CAPITAL ACCOUNTS <br /> <br />8.1 County Authorities' Initial Capital Contributions. Each County Authority's <br />initial Capital Contribution shall consist of its respective pro rata share of the assets of <br />Greater Columbia Behavioral Health, LLC. All Capital Contributions, if any, shall be made <br />prorata, based on each County Authority's respective Percentage Interest, all of which will be <br />transferred to the ASO. <br /> <br />8.2 Additional Capital Contributions. Each County Authority shall be required to <br />make such additional Capital Contributions as shall be determined by a unanimous vote of <br />the full Executive Committee as necessary to meet the expenses of the ASO. All such Capital <br />Contributions, if any, shall be made prorata, based on each County Authority's respective <br />Percentage Interest. <br /> <br />The Executive Committee shall give written notice to each County Authority of the <br />amount of any required additional Capital Contribution, and each County Authority shall pay <br />to the ASO such additional Capital Contribution no later than sixty (60) days following the <br />date such notice is given, subject to each County Authority's appropriation process and <br />procedures. Nothing contained in this Section 8.2 is or shall be deemed to be for the benefit <br />of any p erson other than the County Authorities and the ASO, and no such p erson shall <br />under any circumstances have any right to compel any actions or payments by the County <br />Authorities. <br /> <br />8.3 Capital Accounts. <br /> <br />8.3.1 Establishment and Maintenance. A separate Capital Account will be <br />maintained for each County Authority throughout the term of the ASO. Each County <br />Authority's Capital Account will be increased by (1) the amount of money contributed by <br />such County Authority to the ASO; and (2) the fair market value of property contributed <br />by such County Authority to the ASO (net of liabilities secured by such contributed