Common use of Withdrawal Process Clause in Contracts

Withdrawal Process. A Project Participant who withdraws from this Agreement shall remain liable for payment of its share of the Water Charge. If the withdrawing Project Participant has submitted a Project Water Estimate to the Cooperative for the current Fiscal Year, then it shall remain liable to pay the Water Charge for that Fiscal Year, as if it had taken the entire quantity of Project Water specified in its Project Estimate. Additionally, unless the remaining Project Participants take all or a portion of the withdrawing Project Participant’s Water Allotment, the withdrawing Project Participant shall continue to remain liable for paymentof its share of the Base Rate Charge. This liability shall continue for the term of the Agreement, until such time as the withdrawing Project Participant’s Water Allotment is completely redistributed among the remaining Project Participants. The foregoing notwithstanding, for so long as any Obligation issued by the Cooperative for construction or expansion of the Project remains outstanding, the Anchor Project Participants shall not withdraw from this Agreement unless (a)