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Article III <br /> <br />Section A- Duration of Agreement <br /> <br />This Agreement is effective as of the day and year first above <br />written and, unless amended or modified as set forth in Paragraph <br />III B hereinafter, shall remain in effect until December 31, 2002. <br />Action to review, renew, and/or extend this Agreement, as written <br />or as appropriately modified, shall be taken by the respective <br />governing bodies of the AU~"AORITY and the COUNTY on or <br />before December 1, 2002. <br /> <br />Section B- Method of Amendment/Termination of Agreement <br /> <br />This Agreement may be amended or terminated only by a vote of the <br />majority of the members of each of the respective governing <br />boards of the AUTHORITY and the COUNTY. <br /> <br />Section C- Warranties <br /> <br />The A~ORITY and the COUNTY hereby warrant and represent that: <br /> <br />a) <br /> <br />Execution of this Agreement and full performance of its <br />own obligations hereunder are fully authorized by law; <br /> <br />b) <br /> <br />Each has complied or will comply with all procedures <br />necessary to render its execution of this Agreement and <br />the performance of its obligations hereunder as valid, <br />legal and binding acts of the AUTHORITY or the COUNTY, <br />respectively. <br /> <br />Section D- Miscellaneous <br /> <br />The AUTHORITY and the COUNTY further say that: <br /> <br />a) <br /> <br />No failure or delay in exercising any right hereunder on <br />the part of either party shall operate as a waiver <br />thereof, nor shall any single or partial exercise by <br />either party of any right hereunder preclude any other <br />further exercise thereof or the exercise of any other <br />right; <br /> <br />b) <br /> <br />Except as modified by separate written agreement of the <br />AUTHORITY and the COUNTY and/or termination as provided <br />herein, this Agreement shall be binding upon and enure to <br />the benefit of the AUTHORITY and the COUNTY, and their <br />respective successors and assigns. <br /> <br /> <br />