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<br />27 <br /> <br /> <br />or other assets and must be approved by Simple Majority Vote of the Board. <br />Notwithstanding anything herein to the contrary, Principals shall be prohibited from <br />withdrawing their membership and terminating their participation in this Agreement during <br />the Initial Term; provided, a Principal may give appropriate notice of its intent to withdraw <br />pursuant to this Section during the Initial Term, and in such event that Principal’s <br />membership withdrawal shall become effective on the last day of the calendar year that <br />coincides with the end of the Initial Term. <br />b. Notwithstanding the foregoing, a Principal may be terminated at any time <br />by action of the Governing Board for delinquencies of at least six (6) months in payment <br />of Assessments and interest per Section 12.f. <br />c. Time is of the essence in giving notice of termination and/or withdrawal. <br />d. A terminating and/or withdrawing Principal is deemed to forfeit any and all <br />rights it may have to Snohomish County 911’s personal or real property, or any other <br />ownership in Snohomish County 911, unless otherwise provided by the Governing Board; <br />provided further that this forfeit of rights shall not apply to personal property on loan to <br />Snohomish County 911 from the terminating or withdrawing Principal. <br />e. The termination and/or withdrawal of a Principal shall not discharge or <br />relieve any Principal of its outstanding obligations to Snohomish County 911. <br />f. A Governing Board Member representing a Principal that (i) has given <br />notice of withdrawal, or (ii) has been terminated by vote of the Governing Board which <br />termination is effective at a future date, shall be authorized to cast votes at the Governing <br />Board only on budgets items to be implemented prior to the withdrawal or termination date. <br />SECTION 18. AMENDMENT OF AGREEMENT. <br />The following terms of this Agreement may only be amended in writing after receipt of the <br />approval of the legislative authorities of all Principals: <br />a. Expansion of the scope of services provided by the Snohomish County 911 <br />beyond the scope of Section 4. <br />b. The composition of the Governing Board and terms of office as provided in <br />Sections 6.a and 6.d. <br />c. Voting rights of Governing Board Members. <br />d. Powers of the Governing Board.