Common use of Election to Participate Clause in Contracts

Election to Participate. By notice to the Management Committee within 20 days after the final vote adopting a Program and Budget, a Participant may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Interest, or not at all, in which cases its Participating Interest shall be recalculated as provided in Article VI. If a Participant fails to so notify the Management Committee, the Participant shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Interest as of the beginning of the period covered by the Program and Budget.

Election to Participate. By notice to the Management Committee within 20 days after the final vote adopting a Program and Budget, a Participant may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Interest, or not at all, in which cases its Participating participating Interest shall be recalculated as provided in Article VI. If a Participant fails to so notify the Management Committee, the Participant shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Interest as of the beginning of the period covered by the Program and Budget.

Election to Participate. By notice to the Management Committee within 20 twenty (20) days after the final vote adopting a Program and Budget, a Participant participant may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Interest, or not at all, in which cases case its Participating Interest shall be recalculated as provided in Article VIprovided. If a Participant participant fails to so notify the Management Committee, the Participant participant shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Interest as of the beginning of the period covered by the Program and Budget. Notwithstanding the elections provided, the Operator may implement any program and Budget adopted by vote of the Management Committee immediately upon its effective date.

Election to Participate. By Except as set forth in Section 5.3(b), by notice to the Management Committee within 20 15 days after the final vote adopting a Program and Budget, a Participant may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Interest, or not at all, in which cases case its Participating Interest shall be recalculated as provided in Article VI. If a Participant fails to so notify the Management Committee, the Participant shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Interest as of the beginning of the period covered by the Program and Budget.

Election to Participate. By notice to the Management Committee within ------------------------- 20 days after the final vote adopting a Program and Budget, a Participant may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Participant Interest, or not at all, in which cases its Participating Interest shall be recalculated as provided in Article VI. If a Participant fails to so notify the Management Committee, the Participant shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Interest as of the beginning of the period covered by the Program and Budget.

Election to Participate. By notice to the Management Committee Manager within 20 days after the final vote of the Management Committee adopting a Program and BudgetBudget for periods subsequent to the , a Participant Member may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Ownership Interest, or not at all, in which cases its Participating Interest shall be recalculated as provided in subject to the terms and conditions of Article VIIV. If a Participant Member fails to so notify the Management CommitteeManager, the Participant Member shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Ownership Interest as of the beginning of the period covered by the Program and Budget.

Election to Participate. By notice to the Management Committee Manager within 20 days after the final vote of the Management Committee adopting a Program and Budget, Budget for periods subsequent a Participant Member may elect to contribute to such Program and Budget in some lesser amount than its respective Participating Ownership Interest, or not at all, in which cases its Participating Interest shall be recalculated as provided in subject to the terms and conditions of Article VIIV. If a Participant Member fails to so notify the Management CommitteeManager, the Participant Member shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Ownership Interest as of the beginning of the period covered by the Program and Budget.

Election to Participate. By notice to the Management Committee within 20 days after the final vote adopting a Program and Budget, a Participant may elect to contribute to such Program and Budget in some lesser amount than the percentage reflected by its respective Participating Interest, or not at all, in which cases its Participating Interest shall be recalculated as provided in Article VI6. If a Participant fails to so notify the Management Committee, the Participant shall be deemed to have elected to contribute to such Program and Budget in proportion to its respective Participating Interest as of the beginning of the period covered by the Program and Budget.