Common use of Changes in Participating Interests Clause in Contracts

Changes in Participating Interests. The Participants' Participating Interests shall be changed in the event of the following: (a) an election by a Participant not to contribute an approved Program and Budget, or to contribute to Expenditures which are a part of an approved Program and Budget less than the percentage reflected by its Participating Interest; or (b) default by a Participant in making its agreed contribution to an approved Program and Budget; or (c) an acquisition of less than all of the Participating Interest of any Participant however arising.

Changes in Participating Interests. The Participants' A Participant's Participating Interests Interest shall be changed in the event of the followingas follows: (a) as provided in Section 5.02; or (b) upon an election by a Participant not pursuant to Section 6.03 to contribute less to an approved Program and Budget, or to contribute to Expenditures which are a part of an approved adopted Program and Budget less than the percentage reflected by its Participating Interest; or (b) default by a Participant in making its agreed contribution to an approved Program and Budget; or (c) an acquisition of less than all of the Participating Interest of any Participant however arising.

Changes in Participating Interests. The Participants' Participating Interests shall be changed in the event of the followingas follows: (a) In the event of an election by a Participant pursuant to section 7.7 to not contribute to contribute an approved Program and Budget, Budget or to contribute to Expenditures which are a part of an approved Program and Budget less than the percentage reflected by its then current Participating Interest; or (b) In the event of default by a Participant in making its agreed contribution to an approved Program and Budget; or (c) In the event of an acquisition of less than all of the Participating Interest of any Participant however arising.

Changes in Participating Interests. The Participants' A Participant's Participating Interests Interest shall be changed in the event of the followingas follows: (a) upon an election by a Participant not pursuant to Section 6.3 to contribute less to an approved Program and Budget, or to contribute to Expenditures which are a part of an approved adopted Program and Budget less than the percentage reflected by its Participating Interest; or (b) default pursuant to the operation of Section 6.4; or c) transfer by a Participant of less than all its Participating Interest in making its agreed contribution to an approved Program and Budgetaccordance with Article XV; or (cd) an acquisition of less than all of the Participating Interest of any Participant the other Participant, however arising.