Sec. 27.319  Ownership changes and agreements to amend or to dismiss 
          applications or pleadings.

    (a) Applicability. Subject to the provisions of Sec. 27.204 (Bidding 
Application and Certification Procedures; Prohibition of Collusion), 
this section applies to applicants and all other parties interested in 
pending applications who wish to resolve contested matters among 
themselves with a formal or an informal agreement or understanding. This 
section applies only when the agreement or understanding will result in:
    (1) A major change in the ownership of an applicant to which 
Secs. 27.313(c) and 27.313(g) apply or which would cause the applicant 
to lose its status as a designated entity under Sec. 27.210(b), or
    (2) The individual or mutual withdrawal, amendment or dismissal of 
any pending application, amendment, petition or other pleading.
    (b) The provisions of Sec. 27.207 will apply in the event of the 
filing of petitions to deny or other pleadings or informal objections 
filed against WCS applications. The provisions of Sec. 27.317 will apply 
in the event of dismissal of WCS applications.