Automatic Renewal of CDs Sample Clauses

Automatic Renewal of CDs. The Bank hereby agrees to automatically renew the CDs for the same terms as those for which they were originally issued until the Commonwealth releases the Operator, in writing, from its obligations under Collateral Bond.
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Automatic Renewal of CDs. Your CD account(s) will automatically renew at maturity. You have a grace period of ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty. Unless specified otherwise in other documentation provided to you when you opened your CD, the renewal term for your CD will be the same as the original term. If we offer a promotional CD, this may renew at a term different than the term of the original promotional CD. We will set the interest rate on your renewing CD at our discretion. It may differ from the interest rate that we pay on other CD accounts of the same type, term and/or amount purchased on the maturity date. Please call the telephone number listed on the maturity notice you receive regarding your account on or after your maturity date to determine the rate and term of your renewal.
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Automatic Renewal of CDs. All of our Certificates of Deposit are automatically renewable unless we notify you in writing prior to the Maturity Date that your CD will not automatically renew. If you do not withdraw the funds from an automatically renewable CD within the “grace period” of seven (7) calendar days after maturity, your CD will be automatically renewed as of the Maturity Date of the maturing CD for a similar term at the regular rate of interest (excluding special promotional rates) we are then paying on CDs with that term. If you elect against automatic renewal of your CD, you must give us written instructions. You must direct us (1) to renew the CD for a term which you specify and which we allow, (2) to deposit the funds in another account you maintain with us, or (3) to mail you a check. We must get your instructions within seven (7) days after the end of the term. When properly renewed, your new CD will begin on the Maturity Date of the maturing CD. If you renew a CD or it is automatically renewed, all interest which is on deposit at the time of renewal will become principal of the renewed CD. (e) 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, we may impose a penalty on the amount that you withdraw. For a CD with a term of ninety-one
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Automatic Renewal of CDs. If you do not withdraw the funds from an automatically renewable CD account within the "grace period" of ten (10) calendar days after maturity, your CD account will be automatically renewed as of the Maturity Date of the maturing CD for a similar term at the rate of interest we are then paying on CDs with that term. If you elect against automatic renewal of your CD time account, you must give us written instructions. You must direct us (1) to renew the CD for a term which you specify and which we allow, (2) to deposit the funds in another account you maintain with us, or (3) to mail you a check. We must get your instructions within 10 days after the end of the term. When properly renewed, your new CD will begin on the Maturity Date of the maturing CD. If, on the Maturity Date we no longer offer the same typeof CD, and you do not instruct us otherwise, the funds in the account will be placed in a CD which we offer, which we, in our discretion, determine is most similar to your CD. If you renew a CD or a CD is automatically renewed,all interest which is on deposit at the time of renewal will become principal of the renewed CD.
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Related to Automatic Renewal of CDs

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Renewal of Contract If a Board representative does not inform the Superintendent in writing on or before the seventh day after the regular December board meeting of the Board’s intention to consider the nonrenewal or amendment of this contract, the contract will automatically renew for a period of one year from and after the expiration date provided in Section 1 of this contract. The Superintendent shall remind the Board in writing of this provision no later than its regular November meeting of each year of this contract and shall make the renewal of his employment contract an agenda item for the regular December board meeting during each year of this contract. At the time of each contract renewal and/or amendment, the Superintendent shall be responsible for taking all necessary steps to insure that the district has complied with the Superintendent Pay Transparency Act.

  • Non-Renewal of Contract In the event that you do not enter into a Renewal Contract, Embrace® will maintain your database information in read-only format for one (1) year from the date of termination of this Contract or subsequent failure to renew. Embrace® is not responsible for the loss of any information after termination or failure to renew the Agreement on your behalf.

  • Contract Expiration / Automatic Renewal At the end of its term, this Agreement will expire, or at Energy Harbor’s option, automatically renew for a term less than or equal to its initial term unless you affirmatively cancel the Agreement. If this is a renewal Agreement and you do not affirmatively cancel as outlined in your notice of renewal, then your Retail Electric Service from Energy Harbor will automatically renew as outlined in your notice of renewal. You will receive written notification(s) from Energy Harbor in the forty-five (45) to ninety (90) days that precede either the expiration date of this Agreement or the effective date of any changes Energy Harbor proposes to its terms of service. In these advance notifications, Energy Harbor will explain your options, which may include renewing the Agreement, the specified rate, proposed changes if any, and what actions you must take to cancel the Agreement. You are responsible for arranging your electric supply upon the expiration of the Agreement. Dispute Procedures: Contact Energy Harbor with any questions concerning the terms of service by phone at 0-000-000-0000 (toll-free) from 8 a.m. to 5 p.m. EST weekdays, or in writing at Energy Harbor, Attn: Contract Administration, 000 Xxxx Xxxxxx Xxxxxx, Xxxxx, XX 00000. Our web address is xxx.xxxxxxxxxxxx.xxx. If your complaint is not resolved after you have called your electric supplier and/or your electric utility, or for general utility information, residential and business customers may contact the Public Utilities Commission of Ohio (PUCO) for assistance at 0-000-000-0000 (toll free) from 8 a.m. to 5 p.m. weekdays, or at xxxx://xxx.xxxx.xxxx.xxx. Hearing or speech impaired customers may contact the PUCO via 7-1-1 (Ohio relay service). The Ohio Consumers’ Counsel (OCC) represents residential utility customers in matters before the PUCO. The OCC can be contacted at 1-877- 742-5622 (toll free) from 8 a.m. to 5 p.m. weekdays, or at xxxx://xxx.xxxxxxx.xxx.

  • Renewal of Agreement This agreement does not automatically renew, and residence in UCF DHRL residence facilities during one agreement period does not guarantee that residence accommodations will be offered to the Student for any following periods. The Student is solely responsible for the timely completion of housing agreements for future periods. UCF DHRL housing agreements shall not be re-offered to residents who are unwilling to adhere to the basic elements of good housekeeping, and community living. UCF DHRL housing agreements shall not be re-offered to residents who disregard or violate rules, regulations, or policies established for governing UCF DHRL residential facilities. Finally, housing agreements shall not be re-offered to residents who have outstanding charges from UCF DHRL.

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Renewal of Contracts The contract is for one (1) year with an option for renewal for 2 consecutive years. Total term of contract can be up to 3 years if sales are reported through the contract and both parties agree.

  • Renewal of the Agreement The Parties shall start the process for renewal of the agreement at least 60 days prior to the date of the expiry of the existing Interconnection Agreement. New Interconnection agreement shall be entered into before the expiry of the existing Interconnection Agreement. In case the parties fail to enter into a new Interconnection Agreement before the expiry of the existing agreement, ZEEL shall not make available Zee Group channels to the DTH Operator on the expiry of the existing Interconnection Agreement. Provided further that the DTH Operator shall, fifteen days prior to the date of expiry of this Agreement, inform the subscribers through scrolls on its DTH Platform:

  • Withdrawal of Consent The Participant understands that the Participant is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke the Participant’s consent, the Participant’s employment status or service and career with the Employer will not be adversely affected; the only consequence of the Participant’s refusing or withdrawing the Participant’s consent is that the Company would not be able to grant RSUs or other equity awards to the Participant or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing the Participant’s consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent, the Participant understands that the Participant may contact the Participant’s local human resources representative.

  • Automatic Renewal Clauses Incorporated in Awarded Vendor Agreements with TIPS Members Resulting from the Solicitation and with the Vendor Named in this Agreement. No Agreement for goods or services with a TIPS Member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS Member shall only be valid and enforceable when the vendor receives written confirmation by purchase order, executed Agreement or other written instruction issued by the TIPS Member for any renewal period. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS Member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

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