Withdrawal Characteristic Clause Samples

The Withdrawal Characteristic clause defines the conditions and procedures under which a party may withdraw from an agreement or arrangement. Typically, this clause outlines the required notice period, any penalties or fees associated with withdrawal, and the specific steps that must be followed to effectuate the withdrawal. For example, it may specify that written notice must be provided 30 days in advance or that certain obligations must be fulfilled before withdrawal is permitted. The core practical function of this clause is to provide a clear and orderly process for parties to exit the agreement, thereby reducing uncertainty and potential disputes.
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Withdrawal Characteristic. The maximally usable withdrawal rate is subject to the following characteristic restriction: • At a working gas account balance of WGAB100% up to a working gas account balance of WGABW the customer shall be entitled to use the contracted total of withdrawal rate (WR100%) up to 100 %. • Below the working gas account balance of WGABW the maximally usable withdrawal rate shall be reduced linearly, but shall not fall short of the maximally usable withdrawal rate of WRred.
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Withdrawal Characteristic. The withdrawal characteristic of the storage facility ▇▇▇▇▇▇▇▇▇ is defined as follows: WR100 % WRred Working gas account balance Withdrawal rate WGABW1 WGABW2 WGAB100 % The maximally usable withdrawal rate is subject to the following characteristic restriction: • At a working gas account balance of WGAB100% up to a working gas account balance of WGABW2 the customer shall be entitled to use the contracted total of withdrawal rate (WR100%) up to 100 %. • From a working gas account balance of WGABW2 up to a working gas account balance of WGABW1 the maximally usable withdrawal rate shall be reduced linearly, but shall not fall short of the maximally usable withdrawal rate of WRred. • Below the working gas account balance of WGABW1 the customer shall be entitled to use a withdrawal rate up to WRred. The following characteristic parameters result from the firm capacities of working gas volume and withdrawal rate contracted by the customer: Service Period WR100 % WRred WGABW1 WGABW2 WGAB100% 06:00 a.m. – 06:00 a.m. MWh/h MWh/h GWh GWh GWh 01/04/2025 – 01/04/2027 […] […] […] […] […]
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Withdrawal Characteristic. The maximally usable withdrawal rate is subject to the following characteristic restriction: • At a working gas account balance of WGAB100% up to a working gas account balance of WGABW the customer shall be entitled to use the contracted total of withdrawal rate (WR100%) up to 100 %. • Below a working gas account balance of WGABW the customer shall be entitled to use a withdrawal rate up to WRred. The following characteristic parameters result from the firm capacities of working gas volume and withdrawal rate contracted by the customer: Service Period 6:00 a.m. – 6:00 a.m. WR100 % ▇▇▇/▇ ▇▇▇▇▇ ▇▇▇/▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ % GWh […]/2019 – 15/09/2019 […] […] […] […] 15/09/2019 – 01/04/2020 […] […] […] […]
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Withdrawal Characteristic. The chart below shows the withdrawal characteristic of the contract that is schematically shown and described hereafter. The parameters WR100%, WRred, WGABW, WGAB100% and GradientW used in this chart and explained in the characteristic description are given in the table by number 1.
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Withdrawal Characteristic. The maximally usable withdrawal rate shall be useable irrespective of a characteristic.
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Related to Withdrawal Characteristic

  • 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 from Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand. B. In the event of the withdrawal of any Fund from this Agreement, all its rights and obligations, except for lease commitments, under this Agreement (except such rights or obligations as have accrued prior to the date of withdrawal) shall terminate as of the date of the withdrawal. The withdrawing Fund shall surrender its Shares to Service Company, and (1) shall be entitled to receive from Service Company an amount equal to the excess of the fair value of (i) its Shares of other securities Service Company as of the date of its withdrawal less (ii) its proportionate interest in any liabilities of Service Company, including when appropriate any commitments of Service Company and unexpired leases at the date of withdrawal; (2) shall be obligated to pay Service Company an amount equal to the excess of (ii) over (i). Such amount to be received from or paid to Service Company shall be determined by the favorable vote of the holders of a majority of the Shares whose determination shall be conclusive upon the Funds. Any amount found payable by the Service Company to the withdrawing Fund shall be recoverable by Service Company from the Funds remaining under this Agreement in accordance with the provisions of Section 1.2, 1.3 and 1.4 hereof.

  • 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:

  • Withdrawal Before Bidding 7.1. Registered E-Bidders, who have completed the 10% deposit payment, are entitled to withdraw from the auction at least one (1) working day before the auction date by 5.00 pm. 7.2. The 10% deposit will be refunded back to the E-Bidders within three (3) working days via online banking.

  • 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.