Redeposit Sample Clauses
The Redeposit clause outlines the conditions under which funds or items previously withdrawn or removed can be returned or placed back into an account, escrow, or similar arrangement. Typically, this clause specifies the procedures, timeframes, and any limitations or fees associated with redepositing, such as allowing a customer to return previously withdrawn funds to a savings account within a certain period without penalty. Its core practical function is to provide flexibility and clarity for both parties regarding the process and consequences of returning assets, thereby reducing disputes and ensuring smooth financial operations.
POPULAR SAMPLE Copied 1 times
Redeposit. (a} Units withdrawn from deposit may be redeposited pursuant to the terms hereof. Redeposit of Certificates evidencing Units that have been withdrawn shall be subject to receipt by the Depositary of 60 days' written notice and to such other conditions as may be prescribed in the Partnership Agreement, except that the Partnership and its Affiliates need not give any notice of redeposit. The Depositary shall promptly notify the Partnership of any redeposit of Certificates.
Redeposit. (a) Units withdrawn from deposit may be redeposited by a Record Holder (a “Depositor”) by depositing with the Depositary the Certificate evidencing such Units. Redeposit of Units that have been withdrawn shall be subject to receipt by the Depositary of 60 days’ advance written notice and a check, made payable to the Depositary, in the amount of five (5) dollars for each one hundred (100) Units so redeposited and to such other conditions as may be prescribed in the Partnership Agreement. Any amounts so received by the Depositary shall be applied by the Depositary to amounts owed by the Partnership to the Depositary. In the event that such notice is not accompanied by such payment, the Depositary shall nevertheless perform in accordance with the instructions contained in the notice. The Depositary shall promptly notify the Partnership of any redeposit of Units.
(b) Upon each delivery to the Depositary of Certificate(s) to be redeposited, the Depositary shall, as soon as transfer and recordation can be accomplished, present such Certificate(s) to the Partnership for transfer and recordation of the Units being deposited in the name of the Depositary.
(c) Upon receipt of Certificate(s) from the Partnership in the name of the Depositor, the Depositary shall issue and deliver at its Corporate Office to or upon the order of the Person(s) designated by the Depositor, a Depositary Receipt or Receipts registered in the name or names and representing the number of Depositary Units requested.
Redeposit. Local currency funds, if any, not used in accordance with Section 6.2 will be replenished by the Grantee from its own resources within sixty (60) days of notification from USAID.
Redeposit. The Grantee agrees to redeposit to the Separate Dollar Account U.S. Dollars equal to the amount of any Grant Proceeds that are not used in accordance with this Agreement. Until such redeposit to the Separate Dollar Account is made, the Grantee may make no further withdrawal from that account.
Redeposit. Trust Units withdrawn from deposit may not be redeposited except in denominations of 50 or an integral multiple thereof and unless accompanied by Treasury Obligations in a face amount of $20 per each Trust Unit redeposited. Redeposits of withdrawn Trust Units and Treasury Obligations shall be subject to receipt by the Depositary of 20 days’ advance written notice, except that neither the Trustee, Eastern American nor any of their Affiliates need give any notice of redeposit. The Depositary may but need not waive such 20-day notice in the event of a redeposit. The Depositary shall promptly notify the Trustee in writing of any redeposit of Trust Units.