Common use of Changes in Ownership Interests Clause in Contracts

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 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 either 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; (dc) Upon Transfer by a either Member of part or all of its Ownership Interest pursuant to in accordance with Article VII; or (ed) Upon acquisition by a either Member of part or all of the Ownership Interest of the other Member, however effectedarising.

Changes in Ownership Interests. The Ownership Interests shall be eliminated or changed as follows: (a) 4.2.1 Upon resignation or deemed resignation of a Member as provided in Sections 3.2, 4.4, and Section 4.4 and Article XIV14; (b) 4.2.2 Upon an election by a either Member pursuant to Section 10.5 to contribute less to an adopted Program and Budget either (i) nothing or (ii) less than the percentage equal to its Ownership Interest, or to contribute nothing to an adopted Program and Budget; (c) 4.2.3 In the event of default by a either 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) 4.2.4 Upon Transfer by a either Member of part or all of its Ownership Interest pursuant to Article VIIin accordance with Section 7; or (e) 4.2.5 Upon acquisition by a either Member of part or all of the Ownership Interest of the other Member, however effectedarising.

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) 3.4.1 Upon an election by a either Member pursuant to Section 10.5 to contribute less to an adopted Program and Budget either (i) nothing or (ii) less than the percentage equal to its Ownership Interest, or to contribute nothing to an adopted Program and Budget; (c) 3.4.2 In the event of default by a either 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) 3.4.3 Upon Transfer by a either Member of part or all of its Ownership Interest pursuant to Article VIIin accordance with Section 7; or (e) 3.4.4 Upon acquisition by a either Member of part or all of the Ownership Interest of the other Member, however effectedarising.

Changes in Ownership Interests. The Ownership Interests of the Members 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) 3.2.1 Upon an election by a either Member pursuant to Section 10.5 6.6.1 or Section 6.6.2 to contribute less to an adopted Program and Budget either (i) nothing or (ii) less than the percentage equal to its Ownership Interest, or to contribute nothing to an adopted Program and Budget; (c) 3.2.2 In the event of default by a either 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 11.5Article VII; (d) 3.2.3 Upon voluntary Transfer by a either Member of part or all of its Ownership Interest pursuant to Article VIIInterest; or (e) 3.2.4 Upon acquisition by a either Member of part or all of the Ownership Interest of the other Member, however effectedarising.

Changes in Ownership Interests. The Ownership Interests shall be changed or possibly eliminated or changed as follows: (a) Upon resignation or deemed resignation of a Member as provided in Section 4.4 Sections 3.2, 4.4, and Article XIV; (b) Upon an election by a either Member pursuant to Section 10.5 to contribute less to an adopted Program and Budget either (i) nothing or (ii) less than the percentage equal to its Ownership Interest, or to contribute nothing to an adopted Program and Budget; (c) In the event of default by a either 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 either Member of part or all of its Ownership Interest pursuant to in accordance with Article VII; or (e) Upon acquisition by a either Member of part or all of the Ownership Interest of the other Member, however effectedarising.