Maximum Daily Withdrawal Demand Sample Clauses

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.
Sample 1Sample 2See All (7)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2See All (4)

Related to Maximum Daily Withdrawal Demand

  • Early Withdrawal Penalty Unless provided otherwise in the Disclosures, we will assess an early withdrawal penalty on any withdrawal, either partial or in whole, that we allow you to make from your account prior to the account's maturity date. The method for determining that penalty is described in the Disclosures.

  • Withdrawal Events In the event of the death, retirement, withdrawal, expulsion, or dissolution of a Member, or an event of bankruptcy or insolvency, as hereinafter defined, with respect to a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company pursuant to the Statutes (each of the foregoing being hereinafter referred to as a “Withdrawal Event”), the Company shall terminate sixty days after notice to the Members of such withdrawal Event unless the business of the Company is continued as hereinafter provided. Notwithstanding a Withdrawal Event with respect to a Member, the Company shall not terminate, irrespective of applicable law, if within aforesaid sixty day period the remaining Members, by the unanimous vote or consent of the Members (other than the Member who caused the Withdrawal Event), shall elect to continue the business of the Company. In the event of a Withdrawal Event with respect to an Member, any successor in interest to such Member (including without limitation any executor, administrator, heir, committee, guardian, or other representative or successor) shall not become entitled to any rights or interests of such Member in the Company, other than the allocations and distributions to which such Member is entitled, unless such successor in interest is admitted as a Member in accordance with this Agreement. An “event of bankruptcy or insolvency” with respect to a Member shall occur if such Member:

  • Voluntary Withdrawal If any Partner should withdraw from the Partnership, they must give at least days’ written notice to the Partnership. Such withdrawal shall have no effect on the day-to-day operations of the Partnership.

  • Involuntary Withdrawal Involuntary withdrawal of a Partner shall include, but not be limited to, the following: a.) Death of a Partner; b.) Partner that becomes incapacitated or not able to make decisions on their own as determined by a licensed physician; c.) A handicap of a Partner that prevents the individual from carrying out their Partnership duties and obligations; d.) Incompetence or negligence of a Partner; e.) A Partner’s breach of fiduciary duties;

  • Withdrawal Conditions; Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made for payments made prior to the date of this Agreement. 2. The Closing Date is June 30, 2013.

  • Withdrawal of Bid Any bidder who makes a bid but withdraws the same before the fall of the hammer, shall have his/her deposit equal to 10% of reserve price forfeited as agreed liquidated damages for payment to the Assignee/Bank. The Auctioneer reserves the right to put the property again for sale at the last undisputed bid, or otherwise to adjourn the auction to another date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!