Penalty for Early Withdrawal. We will allow withdrawal of principal from Your share certificate account before the Maturity Date without penalty in the following events: (1) the required minimum distribution from an IRA (2) a court’s declaration of Your mental incompetence, or (3) Your death. In all other cases You cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time You ask to make a withdrawal. If We consent to an early withdrawal, there may be a penalty on the amount of principal that You withdraw. Early withdrawal from and IRA Certificate is subject to IRS penalties, if applicable, in addition to the penalty structure described below. Effective June 5, 2021, the penalty structure for early withdrawal of funds from a Certificate will change, as follows:
Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408-654-7400 Class Code 754 Account Number 8800023350 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS
Penalty for Early Withdrawal. Except when a withdrawal is due to the death or the adjudication of incompetence of the Owner, or for the payment of monthly interest to another financial institution as set forth elsewhere in these Account Terms, no withdrawals of principal are allowed before the Maturity Date. Subject to applicable law, we are not required to give our consent to any withdrawal from the Account before the Maturity Date. If we consent to a proposed withdrawal before the Maturity Date, you must withdraw the entire balance of the Account and we will charge the early withdrawal penalty and deduct it from the Account balance. Any interest accrued but not yet credited will be applied as a credit to the Account balance. The early withdrawal penalty is the dollar amount equal to the number of day’s interest, based on the Term of the Account below, the Account balance, and the interest rate in effect on the Account at the time of withdrawal. Term Early Withdrawal Penalty 364 days or less 90 days’ interest* Between 365 days and 1,459 days 180 days’ interest* 1,460 days or longer 270 days’ interest*
Penalty for Early Withdrawal. We will allow withdrawal of principal from your share certificate account before the Maturity Date without penalty in the following events: (1) the required minimum distribution from an IRA (2) a court’s declaration of your mental incompetence, or (3) your death. In all other cases you cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time you ask to make a withdrawal. If we consent to an early withdrawal, there may be a penalty on the amount of principal that you withdraw.
Penalty for Early Withdrawal. We will allow withdrawal from your CD before the Maturity Date without penalty in the following events: (1) a court's declaration of your mental incompetence, or (2) your death. In all other cases you cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time you ask to make a withdrawal. If we consent to an early withdrawal, there is a penalty on the amount that you withdraw. For CDs with an originally scheduled term of three months or less, the penalty will be an amount equal to 30 days interest on the amount withdrawn at the rate being paid on the deposit. For CDs with an originally scheduled term of more than three months, but not more than seven months, the penalty will be an amount equal to 90 days interest on the amount withdrawn at the rate being paid on the deposit. For CDs with an originally scheduled term of more than seven months but less than thirteen months, the penalty will be an amount equal to 180 days
Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE This Amendment of Lease is made this 9th day of December, 1996 by and between One Mall, LLC, a Maryland Limited Liability Company (the "Landlord"), and SHL ACT Systemhouse Corp., successor in interest to SHL Kee Systems Inc. (the "Tenant").
