Withdrawable definition

Withdrawable means shares with the associated right for the Member to withdraw and receive in return the value of their shares from the Society;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Withdrawable in relation to shares means shares with the associated right for the Member to withdraw their shares and receive in return the value of their shares from the Co-operative.

Withdrawable means shares with the associated right for the Member to withdraw and receive in return the value of their shares from the Co-operative in accordance with the provisions of these Rules;

Examples of Withdrawable in a sentence

• The Bank shall have no obligation to make any disbursement of any Withdrawable Funds (or any other funds) to the Company or any other person until the Bank had received final payment therefor.

• Withdrawal or delivery of Company Deposits (excluding Withdrawable Funds) by the Company shall be permitted or made only upon Written Instructions of the Company, but only if OHA has approved the specific transaction by written instruction that states the amount of withdrawal or delivery method.

• In the event that the Bank credits the Account in anticipation of the Bank’s collection of Withdrawable Funds (or any other funds) that the Bank is then unable to collect, the Bank may charge such amounts back to the Account and, to the extent there are insufficient funds in the Account to reimburse the Bank, the Company agrees to reimburse the Bank within one business day after demand in immediately available funds.

• The Bank’s responsibilities under this Agreement are limited to the safe holding of Company Deposits, collecting dividends and interest thereon, and disbursing Withdrawable Funds as set forth in this Agreement.

• The Bank will invest cash in the Account (other than Withdrawable Funds) pursuant to Written Instructions of the Company.

• Withdrawable would mean that any accruing interest would be reportable for tax purposes.

• We shall be responsible for ensuring that there is Withdrawable Cash in your relevant Customer Account to make each Client Payment and for advising ▇▇ ▇▇▇▇ of the amount and due date for payment of a Client Payment (other than commission).

• Principal Held At Interest (Withdrawable): Principal will be held by the Company at interest for [2 years, 5 years or for your lifetime,] with interest payable monthly, quarterly, semi-annually or annually.

• During such period, Standard also intends to withdraw the sum of Seventy-Five Thousand Dollars ($75,000.00) per year from Withdrawable Dividends.

• The schematic drawings will also incorporate combine- fused switch internal wiring diagram/control plug arrangement and each Withdrawable unit’s control plug details including terminal numbers, ferrule numbers and functions.

More Definitions of Withdrawable

Withdrawable means shares with the associated right for the Member to withdraw in accordance with these Rules;

Withdrawable means shares that are transferable to another Person who also qualifies for membership of the Society in accordance with these Rules;

Withdrawable means shares with the associated right for the Member

Withdrawable means shares with the associated right for the Member to withdraw