Common use of Changes in Participating Interests Clause in Contracts

Changes in Participating Interests. Subject to section 5.7, a Participant's Participating Interest shall be changed thereafter as follows: (a) upon an election by a Participant pursuant to section 5.4 to contribute to Capital Expenditures which are a part of an approved Program and Budget less than the percentage reflected by its Participating Interest; or (b) in the event of default by a Participant in making its agreed-upon contribution to an approved Program and Budget, followed by an election by any other Participant to invoke section 5.5(c); or (c) acquisition of less than all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. Subject to section 5.7, a A Participant's Participating Interest shall be changed thereafter as follows: (a) upon : Upon an election by a Participant pursuant to section 5.4 8.3 to contribute less than the percentage reflected by its Participating Interest to Capital Expenditures which are a part of an approved Program and Budget less than the percentage reflected by its Participating Interest; or (b) in Budget. In the event of default by a Participant in making its agreed-upon contribution to an approved Program and Budget, followed by an election by any the other Participant to invoke section 5.5(c8.4(c); or (c) acquisition . Transfer by a Participant of less than all its Participating Interest in accordance with Article 17. Acquisition of less than all of the Participating Interest of the other Participant, however howsoever arising.

Changes in Participating Interests. Subject to section 5.7, a A Participant's Participating Interest shall be changed thereafter as follows: (a) as provided in Section 5.02; or (b) upon an election by a Participant pursuant to section 5.4 Section 6.03 to contribute less to Capital Expenditures which are a part of an approved adopted Program and Budget less than the percentage reflected by its Participating Interest; or (b) in the event of default by a Participant in making its agreed-upon contribution to an approved Program and Budget, followed by an election by any other Participant to invoke section 5.5(c); or (c) acquisition of less than all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. Subject to section 5.7, a Participant's The Participating Interest Interests shall be changed thereafter as follows: (a) as provided in Section 4.05, upon an election by a Participant pursuant to section 5.4 Section 7.06 to contribute less to Capital Expenditures which are a part of an approved adopted Program and Budget less than the percentage reflected by its Participating Interest; or (b) as provided in Section 8.04, in the event of default by a Participant in making its agreed-agreed upon contribution to an approved adopted Program and Budget; or (a) transfer by a Participant of less than all of its Participating Interest in accordance with Article 14; or (b) acquisition of less than all or part of the Participating Interest of another Participant, followed by an election by any other Participant to invoke section 5.5(c)however arising; or (c) acquisition of less than all of the Participating Interest of the other Participant, however arisingas provided in Section 4.06; or (d) (f) as provided in Section 9.01.