Participation Requirements, Changes of Incumbency. (a) Only those Public Agencies that have adopted this Participation Agreement and have complied with its provisions may become Participants. (b) Each Public Agency adopting and executing this Participation Agreement and otherwise complying with the provisions hereof shall become a Participant; however, only those Participants carrying greater than a Zero Balance are entitled to voting rights, as described in Section 3.4.
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Samples: Participation Agreement, Participation Agreement, Participation Agreement
Participation Requirements, Changes of Incumbency. (a) Only those Public Agencies that have adopted this Participation Agreement and have complied with its provisions may become Participants.
(b) Each Public Agency adopting and executing this Participation Agreement and otherwise complying with the provisions hereof shall become a Participant; however, however only those Participants carrying greater than a Zero Balance are entitled to voting rights, as described in Section 3.4.
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