Fund Withdrawals Clause Samples
Fund Withdrawals. The client may, at any time, withdraw funds from the account by submitting a written request to Company. The amount requested must be available funds, with available funds subject to the current margin requirements of open positions. Company, at its discretion, elect to withhold payment (or deduct an amount from it, as applicable) if:
(I) Open Contracts show notional losses;
(II) The relevant funds may reasonably be required to meet future Margin requirements due to underlying market conditions;
(III) The Client has any contingent liability to Company in respect of any other Account;
(IV) Company is required by applicable law or regulations to deduct or withhold such payment; or
(V) There is an unresolved dispute between Company and the Client in connection with this Agreement or any related contract. Please note that, depending on the above mentioned conditions, your withdrawal may take up to 21 business days to be processed and for the funds to reflect in your bank account. The relevant payments shall be made by Company in accordance with Section 3.8. No payment shall be made by Company to any third party (other than Attorney, as applicable) out of the Account.
Fund Withdrawals. Employees should consider the effect of a withdrawal/transfer of funds and the investment earnings on those funds from the default Fund. Where an employee contributes to the default Fund, and on that basis is entitled to the Group Life Insurance provisions provided by this Agreement, any subsequent withdrawal/transfer from the default Fund and the investment returns thereon will be deducted from the benefit otherwise payable to the employee or the employees’ estate under the Group Life Insurance provisions of this Agreement pursuant to clause 24.
Fund Withdrawals. To withdraw funds from the Account, the Client shall give funds withdrawal Instruction to AIML in the form and manner acceptable to AIML. Without prejudice to clauses 3 and 10.13, AIML shall be under no duty to process any withdrawal if:
Fund Withdrawals. Employees should consider the effect of a withdrawal/transfer of funds and the investment earnings on those funds from the CHC Fund. Where an Employee contributes to a CHC Fund, and on that basis is entitled to the Group Life Insurance provisions provided by this Agreement, any subsequent withdrawal/transfer from the CHC Fund and the investment returns thereon will be deducted from the benefit otherwise payable to the Employee or the Employees’ estate under the Group Life Insurance provisions of this Agreement pursuant to clause 27.