I believe paragraph 8 is most important. Have not seen this published before.
https://docs.google.com/file/d/0B8jb5kvZz0PcUzJpdV9YaVZHaFE/edit?pli=1
8. Acknowledgement. Each of the Member Institutions acknowledges that the grant of Rights during the entire Term is irrevocable and effective until the end of the Term regardless of whether the Member Institution withdraws from the Conference during the Term or otherwise ceases to participate as a full member of the Conference in accordance with the Bylaws.
https://docs.google.com/file/d/0B8jb5kvZz0PcUzJpdV9YaVZHaFE/edit?pli=1
8. Acknowledgement. Each of the Member Institutions acknowledges that the grant of Rights during the entire Term is irrevocable and effective until the end of the Term regardless of whether the Member Institution withdraws from the Conference during the Term or otherwise ceases to participate as a full member of the Conference in accordance with the Bylaws.