Election to Withdraw Clause Samples

The 'Election to Withdraw' clause allows a party to formally choose to exit or withdraw from an agreement or specific obligation under certain conditions. Typically, this clause outlines the process for providing notice of withdrawal, any required advance warning periods, and the circumstances under which withdrawal is permitted, such as upon breach or after a set time frame. Its core practical function is to provide a clear, structured mechanism for parties to disengage from contractual commitments, thereby reducing uncertainty and potential disputes over how and when a party may exit the arrangement.
Election to Withdraw. If either ▇▇▇▇▇▇ decides to withdraw from the Collaborative Separation/Divorce process, s/he agrees, in writing, to immediately inform the other Parent, the Child Specialist, their Coach, and their lawyers.
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Election to Withdraw. If (A) the Commercial Operation Date occurs or the Scheduled Commercial Operation Date is scheduled to occur, in each case, on a date that is more than 540 days after the date the Scheduled Commercial Operation Date was scheduled to occur as of the ERGS SC Election Date, or (B) construction is terminated, with no intention to recommence within one year of such termination, and such termination is not the result of Force Majeure applicable to ERGS SC, the Project Manager, the EPC Contractor or the Project, then MGE Power and WPPI shall each have the right, upon written notice to ERGS SC delivered on or before the Commercial Operation Date, to withdraw from the Project and this Agreement. Neither MGE Power nor WPPI shall be entitled to withdraw from the Project if (x) such Party has contributed in a material and substantial manner to the adjustment of the Commercial Operation Date or the Scheduled Commercial Operation Date or the termination of construction or (y) the termination of construction is the result of Force Majeure applicable to ERGS SC, the Project Manager, the EPC Contractor or the Project.
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Election to Withdraw. Within ten (10) days after the Opt-Out Deadline, ACT will have the option to withdraw from this Agreement if 2.5% or more of the total California Class Members has made a timely and valid Opt-Out Request. If ACT exercises this option, ACT will bear any Administrative Costs incurred to that date, and the Settlement will be deemed null and void.
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Election to Withdraw. If any Co-Owner wishes to withdraw from the Common Operation (other than as provided in section 10.2), it shall give the other Co-Owner one hundred and eighty (180) days’ notice of its wish to do so and shall offer to convey its Interest to the other Co-Owner for one dollar ($1.00). If the other Co-Owner does not purchase such Interest within the said period and assume the offeror’s liabilities as hereinafter provided, this Agreement shall be deemed terminated and the Manager shall cease operation of the Common Operation and shut down the Premises in accordance with section 8.2(j) hereof, upon the expiry of the said one hundred and eighty (180) day period, or such other period to which the Co-Owner may agree. Any transfer of an Interest to be made by the withdrawing Co-Owner shall be without warranty of title other than the covenant of the withdrawing Co-Owner that previous to the time of execution of such transfer it has not transferred its Interest, or any part thereof or interest therein, except as required or permitted by this Agreement, to any other person and that its Interest at the time of the execution of such transfer is free from any Encumbrance done, made or suffered by it or any person claiming under it. Upon the making of such transfer, the withdrawing Co-Owner shall have no further Interest or rights with reference to the Common Operation and the ownership as tenant in common of the Premises and shall be released, indemnified and held harmless by the remaining Co-Owner from all liabilities of the Common Operation thereafter accruing, but shall remain liable: (a) for the performance of its obligations under this Agreement theretofore accrued; (b) in the case of Coalhunter, for the performance of all obligations, including all costs and expenses pursuant to any Work Plan previously approved by the Management Committee but incurred after the effective date of such withdrawal, but not in excess of the most recent cost estimates thereof; and (c) in the case of Coalhunter, for, and to post appropriate security sufficient for, the cost of ultimate reclamation, remediation, pollution controls and shut-down of the Premises pursuant to its obligations referred to in Article 18. If the Co-Owners are unable to agree on the amount of security, the same shall be determined by a single arbitrator pursuant to the Commercial Arbitration Act (British Columbia).
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Election to Withdraw. Regents will have the option to withdraw from the Settlement if the number of Settlement Class Members who exclude themselves from the Class exceeds 250. If the Settlement, other than terms pertaining to the attorneys’ fees and costs and/or service awards to Class Representatives, is materially modified by any court, Releasing Defendants may, in their sole discretion to be exercised within 14 days after such a material modification, declare the Settlement void. For purposes of this paragraph, material modifications include but are not limited to any modifications to the definitions of the Releasing Plaintiffs, the Class and/or Class Members, or Released Claims. In the event that Releasing Defendants exercise their option to withdraw from and terminate this Settlement, the Settlement proposed herein shall become void and shall have no force or effect, the Parties shall not be bound by this Settlement, and the Parties will be returned to their respective positions as of May 28, 2020.
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Related to Election to Withdraw

  • Right to Withdraw Unless otherwise agreed, each Holder shall have the right to withdraw such Holder’s request for inclusion of its Registrable Securities in any Underwritten Offering pursuant to this Section 2.02 at any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to the Company of such Holder’s request to withdraw and, subject to the preceding clause, each Holder shall be permitted to withdraw all or part of such Holder’s Registrable Securities from a Piggyback Registration at any time prior to the effective date thereof.

  • How to Withdraw Consent If you have registered for the Service and you wish to withdraw your consent to have Communications provided in electronic form, you must cancel any pending transfer requests (within the time period permitted by the Service cancellation policies) and stop using the Service. There are no fees to cancel a pending transfer request (as long as such cancellation is made within the time period permitted by the Service cancellation policies).

  • Right to withdraw Sale to withdraw, postpone and call off the sale of the Property at any time prior to the auction date and before the fall of the hammer; and

  • Your Ability to Withdraw Funds Our general policy is to make funds from your deposit of checks available to you on the first business day after the day we receive your deposit. At that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits at a branch, every day is a business day, except Saturdays, Sundays and federal holidays. If you make a deposit on a nonbusiness day, we will consider that the deposit was made on the next business day. ATM deposits have a daily settlement time of 3:30 P.M. ATM deposits made before settlement Monday through Friday are available on the next business day. Deposits made after settlement and deposits on a Saturday, Sunday or federal holiday are available on the second business day following the day of deposit. All times are Eastern Time. Funds from the following deposits will be available on the business day of your deposit: cash, wire transfers, electronic payments, including preauthorized credits such as Social Security benefits and payroll payments, and checks drawn on Salem Five Cents Savings Bank for which there are sufficient available funds on deposit. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $225 of your deposits will be available on the first business day after the day of your deposit. If we are not going to make all the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our tellers, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: • We believe a check you deposit will not be paid. • You deposit checks totaling more than $5,525 on any one day. • You redeposit a check that has been returned unpaid. • You have overdrawn your account repeatedly in the last six months. • There is an emergency, such as failure of communications or computer equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the fifth business day after the day of your deposit. We may also, from time to time, need to temporarily suspend the processing of an ACH (automated clearing house) deposit received from or through another country (IAT) for further investigation; this additional required handling may delay settlement until the investigation is completed.

  • RIGHT TO WITHHOLD If work under this Contract is not performed in accordance with the terms hereof, Government will have the right to withhold out of any payment due to Contractor, such sums as Government may deem ample to protect it against loss or to assure payment of claims arising therefrom, and, at its option, Government may apply such sums in such manner as Government may deem proper to secure itself or to satisfy such claims. Government will immediately notify the Contractor in writing in the event that it elects to exercise its right to withhold. No such withholding or application shall be made by Government if and while Contractor gives satisfactory assurance to Government that such claims will be paid by Contractor or its insurance carrier, if applicable in the event that such contest is not successful.