Changes in Ownership Interests. The Ownership Interests shall be eliminated or changed as follows:
(a) Upon resignation or deemed resignation of a Member as provided in Section 4.4 and Article XIV;
(b) Upon an election by a Member pursuant to Section 10.5 to contribute to an adopted Program and Budget either (i) nothing or (ii) less than the percentage equal to its Ownership Interest;
(c) In the event of default by a Member in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Member to invoke any of the remedies in Section 11.5;
(d) Upon Transfer by a Member of part or all of its Ownership Interest pursuant to Article VII; or
(e) Upon acquisition by a Member of part or all of the Ownership Interest of the other Member, however effected.
Changes in Ownership Interests. The Ownership Interests shall be eliminated or changed as follows: (a) upon Transfer by a Member of all, or any portion thereof, of the Member’s Ownership Interest in accordance with this Agreement; or (b) upon acquisition by either Strathmore or Yellowcake of part or all of the Ownership Interest of the other, however arising.
Changes in Ownership Interests. The Ownership Interests shall be adjusted as follows:
(a) As provided in the Members' Agreement as Amended Agreement;
(b) Upon Transfer by either Member of part or all of its Ownership Interest in accordance with Article VII; or
(c) Upon acquisition by either Member of part or all of the Ownership Interest of the other Member, however arising.
Changes in Ownership Interests. In case at any time the Company shall be a party to any transaction (including, without limitation, a merger, consolidation, sale of all or substantially all of the Company's assets or recapitalization of the Ownership Interests) in which the previously outstanding Ownership Interests shall be changed into or exchanged for different securities of the Company or common stock or other securities of another corporation or interests in a non-corporate entity or other property (including cash) or any combination of any of the foregoing (each such transaction being herein called the "Transaction" and the date of consummation of the Transaction being herein called the "Consummation Date"), then, as a condition of the consummation of the Transaction, lawful and adequate provisions shall be made so that each Holder, upon the exercise hereof at any time on or after the Consummation Date, shall be entitled to receive, and this Warrant shall thereafter represent the right to receive, in lieu of the Ownership Interests issuable upon such exercise prior to the Consummation Date, the highest amount of securities or other property to which such Holder would actually have been entitled as a holder of an Ownership Interest upon the consummation of the Transaction if such Holder had exercised such Warrant immediately prior thereto. The provisions of this Section 10.5 shall similarly apply to successive Transactions.
Changes in Ownership Interests. A Shareholder’s Ownership Interest shall be changed as follows:
(a) as provided in Article 7;
(b) upon an election by a Shareholder pursuant to Section 10.6 to contribute less to an Adopted Program and Budget than the amount corresponding to its Ownership Interest;
(c) as provided in Section 10.10 or Section 11.1;
(d) by transfer by a Shareholder of less than all of its Ownership Interest in accordance with Article 15; or
(e) by acquisition of the Ownership Interest of the other Shareholder, however arising. Upon any change in the Shareholder’s Ownership Interests, the Shareholder’s respective Equity Account balance shall be adjusted to the extent necessary such that each Shareholder’s Equity Account balance equals the same percentage of the aggregate Equity Account balances of all Shareholders as their respective Ownership Interests after such change.
Changes in Ownership Interests. The Ownership Interests shall be eliminated or changed as follows:
Changes in Ownership Interests. The Ownership Interests shall be eliminated or adjusted as follows:
(a) Upon a default in the timely repayment of any part of an Elected Loan (following an election by either Member pursuant to Section 4.1 to contribute less to an adopted Program and Budget than the percentage equal to its Ownership Interest, or to contribute nothing to an adopted Program and Budget, and the making of an Elected Loan by the other Member);
(b) In the event of default by either Member in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Member to invoke Section 4.2(b);
(c) As provided in the Members Agreement or in Section 4.3 of this Agreement;
(d) Upon Transfer by either Member of part or all of its Ownership Interest in accordance with Article VII; or
(e) Upon acquisition by either Member of part or all of the Ownership Interest of the other Member, however arising.
Changes in Ownership Interests. A Shareholder's Ownership Interest in a JV Company may be eliminated or changed as follows:
(1) upon the admission of a new Shareholder pursuant to section 3.12;
(2) upon Dilution of a Shareholder pursuant to any of sections 9.11 (subject to recalculation pursuant to section 9.13(2)), 11.8 or 11.9.
(3) upon a Transfer by either Shareholder of its Sale Interest in accordance with Article 19; or
(4) upon the acquisition by a Shareholder of all or any portion of the Ownership Interest of the other Shareholder, however arising.
Changes in Ownership Interests. A Member's Ownership Interest shall be changed as follows:
(a) If a Member makes an election provided in Sections 6.3(a) and 10.6;
(b) If a Member defaults in making its agreed-upon contribution to an Adopted Program and Budget, followed by an election by the other Member to invoke Section 9.6(b) or (c);
(c) If a Member's Ownership Interest is converted to a Net Returns Royalty pursuant to Section 6.4;
(d) Transfer by a Member of less than all its Ownership Interest in accordance with Article 15; or
(e) Acquisition of less than all of the Ownership Interest of the other Member, however arising.
Changes in Ownership Interests. Except as otherwise provided in EXHIBIT -------- I, the Ownership Interests shall be eliminated or changed as follows: --
(a) Upon resignation or deemed resignation as provided in SECTIONS 3.2, 4.4, ------------ ---- and ARTICLE XIV; -------------
(b) Upon an election by either Member pursuant to SECTION 10.5 to contribute ------------ less to an adopted Program and Budget Stage than the percentage equal to its Ownership Interest, or to contribute nothing to an adopted Program and Budget Stage;
(c) In the event of default by either Member in making its agreed-upon contribution to an adopted Program and Budget Stage, followed by an election by the other Member to invoke any of the remedies in SECTION 11.5; -------------
(d) Upon Transfer by either Member of part or all of its Ownership Interest in accordance with ARTICLE VII; -------------
(e) Upon acquisition by either Member of part or all of the Ownership Interest of the other Member, however arising; or
(f) Upon BMGE contributing as per EXHIBIT I. -----------
