Maximum Daily Withdrawal Demand Sample Clauses
The Maximum Daily Withdrawal Demand clause sets a limit on the total amount of funds or assets that can be withdrawn from an account or facility within a single day. In practice, this means that even if an account holder has a large balance, they cannot withdraw more than the specified daily maximum, regardless of the number of withdrawal requests made. This clause helps manage liquidity risk for the institution and prevents sudden, large outflows that could disrupt operations or financial stability.
Maximum Daily Withdrawal Demand. Enbridge shall deliver to Shipper and Shipper shall accept on a firm basis the Maximum Loan Balance in the following manner: for the period of <DATE> to <DATE>, inclusive, each and every day, a quantity of day)>, a quantity of GJ/day ( GJ/day ( MMBtu/day), and for the day of <DATE (last MMBtu/day)) (each daily quantity referred to as the “Daily Withdrawal Quantity”). In the event that Shipper accepts a delivery of more, or less, than the Daily Withdrawal Quantity from Enbridge as specified above, Shipper agrees to pay $3.0000000/GJ ($3.1651680/MMBtu) multiplied by the difference between the Daily Withdrawal Quantity and the actual quantity accepted by Shipper (the “Withdrawal Difference”). Enbridge may choose to shed, or replace, such Withdrawal Difference and Shipper agrees to pay Enbridge’s costs to shed, or replace, such gas, plus an additional 25% of such costs. If Enbridge chooses not to shed, or replace such Withdrawal Difference, Shipper agrees to pay $0.1500000/GJ ($0.1582584/MMBtu) multiplied by the Withdrawal Difference for each day that the Withdrawal Difference, or any portion thereof, exists. Upon notice of failure to deliver the Daily Withdrawal Quantity to Enbridge as specified above, Enbridge may terminate this Service.
Maximum Daily Withdrawal Demand. From through and including , a daily quantity equal to GJ/day ( % of the Maximum Storage Balance) on a firm basis. From GJ/day ( From through and including , an hourly quantity equal to GJ/day ( % of the Maximum Daily Withdrawal Demand) on a firm basis.