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4 <br /> <br />jointly or severally liable for any such liabilities or obligations. Any contract funded by the <br />Forum shall contain a provision to this effect. <br />C. Counterparts. This ILA may be executed in counterparts. <br />D. Term . The term of this ILA shall be through December 31, 2035, unless terminated <br />sooner by mutual agreement of the Regional Members. Any Forum Member may <br />unilaterally terminate its participation in this ILA upon thirty (30) days written notice. Any <br />Forum Member exercising its unilateral termination rights shall forfeit and waive its right to <br />any monies paid to the Forum under this ILA. However, in the event of mutual termination <br />of the entire ILA, any unexpended funds will be returned to the contributing Regional <br />Members in proportion to their contributions. <br />E. Amendments. The ILA can be periodically amended as needed for the Forum to <br />operate efficiently and effectively. Amendments that focus on the operational portions and <br />involve no additional cost burden on its members do not need legislative approval by the <br />ILA’s signatories. Any such amendments can be in the form of a signed letter agreement. A <br />formal amendment of this ILA, executed by the Regional Members, is required for revisions <br />or additions that increase the cost burden on Forum Members and must be approved by <br />the Regional Member’s respective legislative bodies. <br />F. Dispute Resolution. The Regional Members agree that in the unlikely event of a <br />dispute arising out of or pertaining to this ILA, the Regional Members shall meet and <br />discuss in good faith in an effort to resolve the dispute. In the event that good faith <br />discussions do not produce an agreed resolution to the dispute, any Regional Member <br />wishing to pursue the dispute further may request non-binding mediation, which shall be <br />attended by all Regional Members. The Regional Members shall mutually select an <br />independent mediator. The costs of mediation shall be shared equally by each party to the <br />mediation, or as determined by the mediator. Each Regional Member shall bear its own <br />costs for participating in the mediation proceeding. If, as a result of the mediation, a <br />voluntary settlement is reached, the Regional Members agree that such settlement shall <br />be reduced to writing. In the event no settlement is reached, the Regional Members may <br />pursue available remedies under applicable law. In the event of litigation or other action <br />brought to enforce the terms of this ILA, each party agrees to bear its own attorney’s fees <br />and costs. <br />G. Entire agreement/Severability. The ILA contains the entire agreement between the <br />Regional Members. All previous and contemporaneous agreements, representations, or <br />promises and conditions related to the subject matter of this ILA are hereby superseded. If <br />any term, condition, or provision of this ILA is declared void or unenforceable or limited in <br />its application or effect, such event shall not affect any other provisions hereof and all <br />other provisions shall remain fully enforceable. <br />H. Sole venue. The Regional Members agree and stipulate that in the event any <br />litigation should occur concerning or arising out of this ILA, the sole venue of any legal