Membership Withdrawals Sample Clauses

Membership Withdrawals. Pursuant to section 35.15 of the Commission’s regulations, 18 C.F.R. Part 35, and Operating Agreement, section 4.1(c) and Operating Agreement, section 18.18.2, PJM submits a notice of entities that have withdrawn from membership in PJM. As set forth in these sections, a “…member may withdraw from [the Operating Agreement] upon ninety days’ notice,” provided, however, that such withdrawal shall not be effective until approved by the Commission. Additionally, Operating Agreement, Schedule 3, specifies that each group of Affiliates, Related Parties or Member that does not timely pay its annual membership fee by January 1 shall be deemed to have given notice of its intent to withdraw from PJM Membership in accordance with Operating Agreement, section 18.18.2 as noted above. The withdrawing entities specified in this filing have either failed to pay their annual membership fees when due or notified PJM of their intent to withdraw from PJM Membership ninety days prior to the effective date noted for the respective entity as shown in Attachment C.
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Membership Withdrawals. Pursuant to Section 35.15 of the Commission’s regulations, 18 C.F.R. Part 35, and Section 4.1(c) and 18.18.2 of the PJM Operating Agreement, PJM submits a notice of entities that have withdrawn from membership in PJM. As set forth in those sections, a “…member may withdraw from [the PJM Operating Agreement] upon 90 days notice,” provided, however, that Xxxxxxxxx Xxxxxxxx X. Bose August 1, 2016 such withdrawal shall not be effective until approved by the Commission. Additionally, PJM Operating Agreement, Schedule 3, specifies that each group of Affiliates, Related Parties or Member that does not timely pay its annual membership fee by January 1 shall be deemed to have given notice of its intent to withdraw from PJM Membership in accordance with Section
Membership Withdrawals. Pursuant to section 35.15 of the Commission’s regulations, 18 C.F.R. Part 35, and Operating Agreement, section 4.1(c) and Operating Agreement, section 18.18.2, PJM submits a notice of entities that have withdrawn from membership in PJM. As set forth in these sections, a 2 See, PJM Transmittal Letter, Docket No. ER03-254-000, at 1 (“December 6 Filing”).

Related to Membership Withdrawals

  • Hardship Withdrawals Hardship withdrawals, as provided for in paragraph 6.9 of the Basic Plan Document #04, [X] are [ ] are not permitted.

  • Withdrawals All sums paid to the Credit Union on deposits (less set-offs allowed by law and/or provided by contract) shall be paid on proper withdrawal demand made by the named Fiduciary. The Credit Union has no obligation to monitor the further distribution of any funds withdrawn from the account, unless required to do so by court order. We reserve the right to deny any withdrawal request. The Credit Union shall not be liable for the misappropriation of funds resulting from a withdrawal from a Fiduciary Account.

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