Events of change of Constitution of. OWNERS" shall constitute as follows: Dissolution of the "OWNERS" or occurrence of any structural changes within the present constitution of the "OWNERS" which have a material adverse effect on the rights and obligations of the "DEVELOPER" under this Agreement, or the transfer of the "OWNER’S" undertaking and statutory powers or any material part thereof, unless such dissolution or structural change or transfer is in connection with privatisation or other restructuring of all or any substantial part of the "OWNERS", and the "OWNER’S" successor is able to perform the "OWNER’S" obligations under Project the Agreements.
