Common use of Changes in Participating Interests Clause in Contracts

Changes in Participating Interests. A Participant’s Participating Interest shall be changed as follows: (a) As provided in Section 6.3, 6.4, 6.5; or (b) Upon an election by a Participant pursuant to Section 6.3 to contribute less to an adopted Program and Budget than the percentage reflected by its Participating Interest; or (c) In the event of default by a Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke Section 6.4(b); or (d) Transfer by a Participant of less than all of its Participating Interest in accordance with Article XV; or (e) Acquisition of less than all of the Participating Interest of the other Participant however arising.

Changes in Participating Interests. A Participant’s 's Participating Interest shall be changed as follows: (a) As as provided in Section 6.3, 6.4, 6.5; or (b) Upon upon an election by a Participant pursuant to Section 6.3 to contribute less to an adopted Program and Budget than the percentage reflected by its Participating Interest; or (c) In in the event of default by a Participant in making its agreed-agreed upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke Section 6.4(b); or (d) Transfer transfer by a Participant of less than all of its Participating Interest in accordance with Article XV; or (e) Acquisition acquisition of less than all of the Participating Interest of the other Participant Participant, however arising.

Changes in Participating Interests. A Participant’s The Participating Interest Interests shall be eliminated or changed as follows: (a) As Upon a Participant’s withdrawal or deemed withdrawal as provided in Section 6.3, 6.4, 6.5; orSections 6.3 and Article XII; (b) Upon an election by a either Participant pursuant to Section 6.3 9.5 not to contribute less to an adopted Program and Budget than in accordance with the percentage reflected by its Participating Interest; or; (c) In the event of default by a either Participant in making its agreed-upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke Section 6.4(b6.3 (c); or; (d) Upon Transfer by a either Participant of less than part or all of its Participating Interest in accordance with Article XVXVI; or (e) Acquisition Upon acquisition by either Participant of less than part or all of the Participating Interest of the other Participant Participant, however arising.

Changes in Participating Interests. A Participant’s 's Participating Interest shall be changed as follows: (a) As as provided in Section 6.3, 6.4, 6.5; or (b) Upon upon an election by a Participant pursuant to Section 6.3 to contribute less to an adopted Program and Budget than the percentage reflected by its Participating Interest; or (c) In in the event of default by a Participant in making its agreed-agreed upon contribution to an adopted Program and Budget, followed by an election by the other Participant to invoke Section 6.4(b); or (d) Transfer transfer by a Participant of less than all of its Participating Interest in accordance with Article XV; or (e) Acquisition acquisition of less than all of the Participating Interest of the other Participant Participant, however arising.