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contribution made to the ILJAO~ by said Member Agency, to the extent <br />determined by the hoard in its sole discretion to be fair and equitable. <br />7.04 Notwithstanding any other provisions of the Agreement, the <br />Member Agencies agree to abide by the following procedure fbr selling of <br />equipment in the event the Agreement is termin$ted. The equipment shall be <br />given a fair market value by an appraiser agreed upon by the Board_ Before the <br />equipment is sold on the open market, the Member Agencies each shall have <br />the right to purchase the equipment at a price and under terms as agreed upon <br />by the Board which may include a financing arrangement for the purchaser to <br />allow for a transition period after the termination of this Agreernertt. If are <br />agreement cannot be reached concerning a purchase of the equipment, then it <br />shall be sold an the open market. Proceeds from the sale of equipment upon <br />termination of the Agreement shall be distributed to the Member Agencies in a <br />manner consistent with the cost-sharing format outlined in Paragraph 4.06 (a}, <br />{b), and (c} of this Agreement, and any modifications to that formula adopted by <br />the Beard. <br />VIII <br />MISCELLANEOUS <br />8.01 Amendments. <br />This Agreement may be amended with the unanimous approval of all <br />Member Agencies; provided, howevQr, that na amendment may be made that <br />would adversely affect the intQrests of the owners of bonds, letters of credit, or <br />other financial obligations of the ILJA~C. <br />8.02 Notices_ <br />Any notice ar instrument required to be given or delivered by depositing <br />the same in any United states Post Office, registered or certified, postage <br />prepaid, addressed to the Member Agencies, shall be deemed to have been <br />received by the Member Agency to whom the same is addressed at the <br />2~ <br />25J-21 <br />