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<br />Inte.r1ocal Agreement <br /> <br />Page 2 of 5 <br /> <br />3. Termination. <br /> <br />a. By the Cooperative Member. This Agreement may be terminated by the <br />Cooperative Member at any time by thirty (30) days prior written notice to the <br />Cooperative; provided all charges owed to the Cooperative and any vendor have <br />been fully paid. <br /> <br />b. By the Cooperative. The Cooperative may terminate this Agreement by: <br /> <br />1. Giving ten (10) days notice by certified mail to the Cooperative Member if <br />the Cooperative Member fails or refuses to make the payments or <br />contributions as herein provided; or <br /> <br />2. Giving thirty (30) days notice by certified mail to the Cooperative Member. <br /> <br />c. Termination Procedure. If the Cooperative Member terminates its participation <br />during the term of this Agreement or breaches this Agreement, or if the <br />Cooperative terminates participation of the Cooperative Member under any <br />provision of this Article, the Cooperative Member shall bear the full financial <br />responsibility for any purchases occurring after the termination date, and for any <br />unpaid charges accrued during its term of membership in the Cooperative. The <br />Cooperative may seek the whole amount due, if any, from the terminated <br />Cooperative Member. The Cooperative Member will not be entitled to a refund of <br />membership dues paid. <br /> <br />4. Payments. <br /> <br />a. The Cooperative Member agrees to pay membership fees based on a plan <br />developed by the Cooperative. Membership fees are payable by Cooperative <br />Member upon receipt of an invoice from the Cooperative, Cooperative Contractor <br />or vendor. A late charge amounting to the maximum interest allowed by law, but <br />not less than the rate of interest under Section 2251.021, et seq., Texas <br />Government Code, shall begin to accrue daily on the 31 st day following the due <br />date and continue to accrue until the contribution and late charges are paid in full. <br />The Cooperative reserves the right to collect all funds that are due to the <br />Cooperative in the event of termination by Cooperative Member or breach of this <br />Agreement by Cooperative Member. <br /> <br />b. The Cooperative Member will make timely payments to the vendor for the goods, <br />materials and services received in accordance with the terms and conditions of <br />the Invitation to Bid and related procurement documents. Payment for goods, <br />materials and services and inspections and acceptance of goods, materials and <br />services ordered by the procuring party shall be the exclusive obligation of the <br />procuring Cooperative Member. <br /> <br />5. Cooperative Reporting. The Cooperative will provide periodic activity reports to the <br />Cooperative Member. These reports may be modified from time to time as deemed <br />appropriate by the Cooperative. <br /> <br />6. Administration. Cooperative Member will use the BuyBoard purchasing application in <br /> <br />http://www. tasb.orglbuyboard/new _ users/interloca1.html <br /> <br />3/12/2002 <br />