11-24-2025_PW SS Briefings - Laserfiche WebLink

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The Organization may control and manage both the assets it owns and the assets that are owned by a Party that have transferred control of those assets to Organization. This Agreement does not vest in Organization any authority with respect to a Party's other facilities or assets. 6.5.2 The fact that title to an asset has been transferred to Organization by a Party shall create no special rights in that Party with respect to that asset; provided, a Party may retain ownership of an asset transferred to the Organization for operational control or for other purposes consistent with a separate agreement between the Organization and a Party. 7. TERM AND TERMINATION OF AGREEMENT 7.1 Term. This Agreement shall be effective when executed by the Initiating Parties, and satisfaction of Section 13.1. This Agreement shall continue in effect for five (5) years subject to renewal in accordance with the provisions of this Agreement. 7.2 Renewal. 7.2.1 This Agreement shall be automatically renewed for successive terms of five (5) years unless earlier terminated in accordance with the provisions of this Agreement. 7.2.2 This Agreement shall not renew if any of the counties or the Yakama Nation give notice of nonrenewal to the Board of Directors no less than twelve (12)months prior to the expiration of the initial or any succeeding five(5) year term. 7.3 Termination—Vote. This Agreement shall terminate effective upon any date specified for termination by vote of the Board in accordance with Section 9.2. 7.4 Assets — Distribution. Prior to any termination of this Agreement, the Board of Directors shall establish a procedure for realizing the fair market value of assets, which may include offering assets for sale to Parties. The proceeds of assets shall be distributed upon termination to Parties according to procedures established by resolution of the Board of Directors. 8. WITHDRAWAL OF MEMBERS. Any Party may voluntarily withdraw from the Organization by providing at least ninety (90) days' written notice to the Organization containing evidence of approval of such action by the Party's legislative authority. 9. BOARD OF DIRECTORS. 9.1 Members. This Agreement shall be administered by a Board of Directors. The initial Board of Directors shall consist of a maximum of ten (10) Directors. The Board of -5- 50630776.1