Changes in Ownership Interests. The Ownership Interests shall be adjusted as follows: (a) As provided in the Members' Agreement as Amended Agreement; (b) Upon Transfer by either Member of part or all of its Ownership Interest in accordance with Article VII; or (c) Upon acquisition by either Member of part or all of the Ownership Interest of the other Member, however arising.
Appears in 2 contracts
Sources: Members' Agreement (U S Gold Corp), Operating Agreement (U S Gold Corp)