Common use of Changes in Participating Interests Clause in Contracts

Changes in Participating Interests. The Participating Interests shall be eliminated or changed as follows: (a) Upon withdrawal or deemed withdrawal as provided in Section 6.3 and Article XII; (b) Upon an election by either Participant pursuant to SECTION 9.5 to contribute less to an adopted Program and Budget than the percentage equal to its Participating Interest, or to contribute nothing to an adopted Program and Budget; (c) In the event of default by either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke any of the remedies in SECTION 10.5; (d) Upon Transfer by either Participant of part or all of its Participating Interest in accordance with ARTICLE XVI; or (e) Upon acquisition by either Participant of part or all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. The A Participant's Participating Interests Interest shall be eliminated or changed as follows: (a) Upon upon either Participant's withdrawal or deemed withdrawal as provided in Section 6.3 and or Article XII12; (b) Upon upon an election by either Participant pursuant to SECTION Section 9.5 to contribute less to an adopted Program and Budget than the percentage equal to its Participating Interest, or to contribute nothing to an adopted Program and Budget; (c) In in the event of default by either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke any of the remedies in SECTION Section 10.5; (d) Upon upon Transfer by either Participant of part or all of its Participating Interest in accordance with ARTICLE XVIArticle 15; or (e) Upon upon acquisition by either Participant of part or all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. The Participating Interests shall be eliminated or changed as follows: (a) Upon withdrawal or deemed withdrawal as provided in Section 6.3 and Article ARTICLE XII; (b) Upon an election by either Participant pursuant to SECTION 9.5 to contribute less to an adopted Program and Budget than the percentage equal to its Participating Interest, or to contribute nothing to an adopted Program and Budget; (c) In the event of default by either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke any of the remedies in SECTION 10.5; (d) Upon Transfer by either Participant of part or all of its Participating Interest in accordance with ARTICLE XVI; or (e) Upon acquisition by either Participant of part or all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. The Participating Interests shall be eliminated or changed as followsadjusted from time to time upon the occurrence of any of the following events: (a) Upon withdrawal or deemed withdrawal as provided in Section 6.3 6.3, and Article XII; (b) Upon an election by either Participant pursuant to SECTION Section 9.5 to contribute less to an adopted Program and Budget than the percentage equal to its Participating Interest, or to contribute nothing to an adopted Program and Budget; (c) In the event of default by either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke any of the remedies in SECTION Section 10.5; (d) Upon Transfer by either Participant of part or all of its Participating Interest in accordance with ARTICLE Article XVI; or (e) Upon acquisition by either Participant of part or all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. The Participating Interests shall be eliminated or changed as follows: (a) Upon withdrawal or deemed withdrawal as provided in Section 6.3 and Article XII;Sections 6.3, and (b) Upon an election by either Participant pursuant to SECTION Section 9.5 to contribute less to an adopted Program and Budget than the percentage equal to its Participating Interest, or to contribute nothing to an adopted Program and Budget; (c) In the event of default by either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke any of the remedies in SECTION Section 10.5; (d) Upon Transfer by either Participant of part or all of its Participating Interest in accordance with ARTICLE XVIArticle XV; or (e) Upon acquisition by either Participant of part or all of the Participating Interest of the other Participant, however arising.

Changes in Participating Interests. The Participating Interests shall be eliminated or changed as follows: (a) Upon withdrawal or deemed withdrawal as provided in Section 6.3 Sections 5.2, 6.3, and Article XII; (b) Upon an election by either a Participant pursuant to SECTION Section 9.5 to contribute more or less to an adopted Program and Budget than the percentage equal to its Participating Interest, or to contribute nothing to an adopted Program and Budget; (c) In the event of default by either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke any of the remedies in SECTION Section 10.5; (d) Upon Transfer by either Participant of part or all of its Participating Interest in accordance with ARTICLE Article XVI; or (e) Upon acquisition by either Participant of part or all of the Participating Interest of the other Participant, however arisingincluding any elections by Horizon to increase its Participating Interest by completing Additional Contribution(s) in accordance with Section 5.3.