Common use of Voluntary Reduction in Participation Clause in Contracts

Voluntary Reduction in Participation. (a) A Participant may elect, as provided in Section 7.06, to contribute to an adopted Program and Budget in some lesser amount than its Participating Interest, or not to contribute at all. Each Participant shall have the right to elect to participate or not to participate without regard to its vote on adoption of the Program and Budget. The Participating Interest of such Diluting Participant will be reduced effective as of the date the adopted Program and Budget is commenced (the "Diluting Date").

Voluntary Reduction in Participation. (a) A Participant may elect, as provided in Section 7.068.5 or Section 8.11, to contribute to an adopted Program and Budget in some lesser amount than the percentage reflected by its Participating Interest, or not to contribute at all. Each Participant shall have the right to may elect to participate or not to participate without regard to its vote on adoption of the Program and Budget. The Participating Interest of such Diluting Participant will be is reduced effective as of the date the adopted Program and Budget is commenced (the "“Diluting Date"”).

Voluntary Reduction in Participation. (a) A Participant may elect, as provided in Section 7.068.4, to contribute to an adopted Program and Budget in some lesser amount than its Participating Interest, or not to contribute at all. Each Participant shall have the right to elect to participate or not to participate without regard to its vote on adoption of the Program and Budget. The Participating Interest of such Diluting Participant will be reduced effective as of the date the adopted Program and Budget is commenced (the "“Diluting Date"”).