Admission of New Participants. Any Person acquiring a Company Interest pursuant to Section 3.3, or any Permitted Transferee acquiring a Participant’s Company Interest pursuant to Section 3.4, shall, unless such acquiring Permitted Transferee is a Participant as of immediately prior to such acquisition, be deemed to have been admitted to the Company as a Participant, automatically and with no further action being necessary by the Operating Committee, the Participants or any other Person, by virtue of, and upon the consummation of, such acquisition of a Company Interest and compliance with Section 3.3 or Section 3.4, as applicable.
Admission of New Participants. A Michigan school district, or where appropriate a Michigan public post-secondary education institution, which is not a party to this Agreement or a member of the Consortium may be admitted to membership as a Participant by action of the Governing Body. If approved by the Governing Body, the decision to admit a new Participant must be ratified by a majority the participating districts to be effective.
Admission of New Participants. Following the Effective Date of this Agreement, a Member may execute this Agreement and become a Participant provided that: 1) such joinder is approved by the NCPA Commission; and 2) the new Participant a) reimburses existing Participants for a proportionate share of the applicable costs identified during NCPA’s Annual Budget process and any GPP Costs incurred to establish and administer this GPP Program, and b) satisfies all Security Account requirements under this Agreement. A new Participant shall not be entitled to any Environmental Attributes or Natural Gas from Eligible Gas Purchases consummated prior to the date it becomes a Participant unless one or more of the existing Participants (“Allocating Participants”) elect to allocate a portion of its Subscription Percentage to such new Participant. Upon an agreement thereof and affirmative vote thereon by all Allocating Participants, NCPA shall prepare and distribute to each Participant the written agreement between the new Participant and the Allocating Participant(s) indicating the agreed upon change in the Subscription Percentage(s) for the designated Eligible Gas Purchase(s), a counterpart of this Agreement executed by the new Participant, and a report from NCPA’s Deal Capture System reflecting the revised Subscription Percentages. Any reduction in any Allocating Participant’s share of the Security Account shall be credited to the Allocating Participants in accordance with Section 5.3.2.
Admission of New Participants. 11.1 This MOU is open to participation by NATO and EU nations, subject to them acceding to the provisions of this MOU and to other applicable arrangements, and the unanimous acceptance by the Participants.
11.2 Admission of a new Participant will require an adjustment of the sharing key, taking into account the new member’s weight in the group of Participants. The revised sharing key will come into effect on the first day of the year that enlargement takes effect.
11.3 Detailed accession procedures will be worked out by the SB.
Admission of New Participants. Following the Effective Date of this Agreement, no Member (“Additional Member”) may execute this Amended Agreement and become a Participant unless one or more of the Participants (“Allocating Participants”) elect to allocate a portion of its Participant Percentage to such Member. Upon agreement of the Allocating Participant and the Additional Member, the Additional Member shall deliver to NCPA and each other Participant the written agreement between the Additional Member and the Allocating Participant(s) indicating the agreed upon change in Participation Percentage(s), a counterpart of this Agreement executed by the Additional Member, evidence that such agreements have been approved in accordance with its applicable Constitutive Documents and payment of such Member’s share of the Security Account. Any reduction in any Allocating Participant’s share of the Security Account shall be credited to the Allocating Participants in accordance with Section 5.3. Upon receipt of all required documents, NCPA shall provide to all Participants an updated Exhibit B reflecting the revised Participation Percentages.
Admission of New Participants. Membership in the Plan may be offered to any component district of the BOCES 1 or the BOCES 2 with the approval of the Board of Directors in accordance with the rules set forth in the Plan’s By Laws.
Admission of New Participants. The IMS International Steering Committee can admit new participants. The procedures for admission of new participants are set forth in Technical Appendix 6.
Admission of New Participants. The Participants may from time to time agree to admit third parties as additional Participants, provided that -
64.1 save as a result of Randfontein exercising its rights in terms of clause 61 and save as a result of the exercise of the rights under the Security Documents, no third party will be admitted as a Participant unless unanimously agreed to by the then existing Participants; and
64.2 no third party, including any transferee of Participation Interest pursuant to the provisions of clause 60 and/or 61 will be entitled to become a Participant unless and until such third party shall have bound itself in writing to all the terms and conditions herein contained. IH\bb U:\IH\Harmony\Doornkop\JV.doc 21 January 2003 65 WARRANTIES BY PARTIES Each Party warrants that -
65.1 it has the legal capacity and has taken all necessary corporate action required to empower and authorise it to enter into and implement this Agreement on the terms and conditions herein set out; and
65.2 this Agreement constitutes an agreement valid and binding on it and enforceable against it in accordance with its terms.
Admission of New Participants. The Signatories intend that new Participants may be added to this Agreement through the process specified in Exhibit C. The addition of a Participant through the process specified in Exhibit C will not constitute an amendment to this Agreement and will not be subject to the requirements of Section 13.2.
Admission of New Participants. The Transmission Owners agree that ----------------------------- additional parties may be added to this Agreement after the original date of its execution. Such additional parties must meet minimum qualification criteria as follows:
(i) the entity must have filed with FERC and have in effect an open access transmission tariff or a tariff which FERC has found to be an "acceptable reciprocity tariff" under Order No. 888-A;
(ii) the entity must own or control transmission facilities which are physically interconnected with the transmission facilities of one or more of the Transmission Owners; and
(iii) if the Alliance RTO has commenced operations, the entity must agree to execute an Operation Agreement, unless the entity chooses to become a Divesting Transmission Owner. Upon notification of a prospective new participant in this Agreement, the Transmission Owners will promptly meet to formally accept or decline admission. A simple majority of the Transmission Owners is necessary for acceptance of a new party to this Agreement. Upon execution of this Agreement by the new party, such participant will be obligated to tender its share of any payments due hereunder which payment obligations were incurred on and after November 11, 1998. The Transmission Owners may waive the requirement set forth in clause (ii) above if allowing the additional party to join in this Agreement will result in material benefits to the Alliance RTO. Following commencement of operations of the Alliance Transco, the admission of new Transmission Owners shall be subject to the terms of the governing documents of such entity.
