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.
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 […] […] […] […] […]
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 […] […] […] […]
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.
Withdrawal Characteristic. The maximally usable withdrawal rate shall be useable irrespective of a characteristic.