Examples of Market Withdrawal in a sentence
Day-Ahead Market Withdrawal Settlement Location loss rebate factors are calculated hourly as the difference between the Day-Ahead MLC at a withdrawal Settlement Location in the Loss Pool and the injection weighted average Day-Ahead MLC for the Loss Pool, multiplied by the withdrawal quantity at that withdrawal Settlement Location.
The Day-Ahead Market Loss Pool loss rebate factor is equal to the sum of the positive loss rebate factors calculated in the Day-Ahead Market at each withdrawal Settlement Location in the Loss Pool (the “Day-Ahead Market Withdrawal Settlement Location loss rebate factor”).
None of the Products (for the avoidance of doubt, including those in the immediately preceding sentence that have been so finally and fully completed) have been subject to a Recall, Market Withdrawal, or other Correction or Removal, nor is any such action currently under consideration by Borrower or, to the knowledge of Borrower, any manufacturer or supplier of a Product, that could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.
Market Withdrawal is a firm’s removal or correction of product that involves minor infraction that does not cause product to be adulterated or misbranded.
Note that regulatory bodies define a Product Recall and a Market Withdrawal as two distinct situations as described below.