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X. <br />TERMINATION AND DISPOSITION OF ASSETS <br />10.1 Termination. <br />The Agency shall continue to exercise the joint powers <br />herein until the termination of this Agreement and any <br />extension thereof as provided in this Section 10.1 or until the <br />Parties shall have mutually rescinded this Agreement; provided, <br />however, that the Agency shall continue to exist for the <br />purposes of: disposing of all claims, payment of debt service <br />with respect to bonds which have been issued or which have been <br />authorized for issuance and satisfaction of other covenants <br />contained in the resolution and trust indenture relating to <br />said bonds, reimbursement owed to financial institutions which <br />have secured such bonds or other parties advancing funds to the <br />Agency and satisfaction of other covenants contained in <br />reimbursement agreements with such financial institutions, <br />establishment and collection of tolls and development fees, the <br />maintenance of toll collection facilities and the facility in <br />accordance with the California Department of Transportation, <br />distribution of assets and all other functions necessary to <br />conclude the affairs of the Agency. <br />Termination shall occur upon the written consent of <br />all of the Parties, or upon the withdrawal from the Agency of <br />a sufficient number of the Parties to leave less than eight <br />Parties remaining in the Agency, or upon transfer of title to <br />the corridor to the California Department of Transportation and <br />full satisfaction of all outstanding financial obligations of <br />the Agency, or upon transfer of title to the corridor to the <br />California Department of Transportation and full satisfaction <br />of all outstanding financial obligations of the Agency. <br />However, no such termination shall occur until all <br />reimbursement obligations owed to financial institutions <br />securing bonds have been paid and all other financial and <br />contractual obligations of the Agency have been satisfied. <br />10.2 Distribution of Property and Funds. <br />In the event of the termination of this Agreement, any <br />property interest remaining in the Agency following the <br />discharge of all obligations shall be disposed of as the Board <br />shall determine with the objective of returning to each Party <br />or former Party a proportionate share of the contributions <br />-17- <br />