Withdrawal Facility definition

Withdrawal Facility means a client may withdraw cash from his/her account provided he/she has positive purchase power. The client shall be allowed to withdraw funds/securities from accounts after maintaining a minimum Maintenance Margin Requirement (MMR).
Sample 1
Withdrawal Facility means a client may withdraw cash from his account giving at least 4(Four) working days prior notice to the portfolio manager, provided that he/she has positive purchase power. The client will be allowed to withdraw fund excess of that positive purchase power.
Sample 1

Examples of Withdrawal Facility in a sentence

  • If you qualify for the Regular Withdrawal Facility and wish to make a regular withdrawal, please indicate below the amount or percentage that you wish to withdraw subject to the minimums as stated.

  • Regular Withdrawal Facility (Sterling Accumulation Shares only) The Regular Withdrawal Facility is only available on lump sum investments into accumulation shares, with a minimum qualifying investment of £10,000.

  • Shareholders should note that where the annual percentage growth in value of their holding is less than the annual percentage value being redeemed using the Regular Withdrawal Facility, they will in effect be eroding the capital value of their original investment.

  • Shareholders using the Regular Withdrawal Facility should note that such redemptions are treated as disposals for the purposes of Capital Gains Tax.

  • Regular Withdrawal Facility (Accumulation Shares only) The Regular Withdrawal Facility is only available on lump sum investments into accumulation shares, with a minimum qualifying investment of £10,000.

  • Shares redeemed as part of the Regular Withdrawal Facility will not be subject to any Redemption Charge (see 16.2).

  • Regular redemptions made using the Regular Withdrawal Facility may not exceed, on an annualised basis, an amount greater than 7% of the value of a Shareholding in M&G Dividend Fund.

  • Settlement of redemptions from the Regular Withdrawal Facility will be made only to the Bank Account nominated on the “Regular Withdrawal Facility” form.

  • Individual statements of a Shareholder’s Shares will also be issued at any time on request by the registered holder (or, when Shares are jointly held, the first named holder).Regular Withdrawal Facility on M&G Dividend Fund13.10.1 Accumulation Shareholders, or Income Shareholders who are having their income reinvested to purchase further Shares, and whose holding in M&G Dividend Fund has a value of at least £1000 may request that a percentage value of their holding is automatically redeemed each year.

  • Capital Appreciation Systematic Withdrawal Facility (CASWF) FSWF : An investor can issue a standing instruction to withdraw sums at a Weekly / Monthly/ Quarterly (calendar quarter) intervals.

Related to Withdrawal Facility

  • Withdrawal Value means a Participant's Account Value minus the applicable Withdrawal Charge. (transfer from GRA VII SBR,MBR/GRA III SBR,MBR -- Series I) (original GRA VII NBR/GRA VI NBR -- Series I) P-13099(SBR)(MBR)(NBR)conv.4

  • Single Withdrawal Tranche means the amount of the Financing allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Withdrawal Request means an instruction given via the Client's Trader’s Room on the Company website to withdraw funds from the trading account and transfer them to the Client's External Account or the Account of the Client's Authorized Person, as specified in the instruction.

  • Withdrawal Order is defined in Section 6.

  • Withdrawal Period as defined in Section 10.13(b).

  • Withdrawal Notice shall have the meaning given in Section 2.1.6.

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • withdrawal agreement means the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community1;

  • EU withdrawal agreement means the withdrawal agreement within the meaning of the European Union (Withdrawal Agreement) Act 2020 (see section 39(1) and (6) of that Act).”,

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Withdrawal certificate means a document known as a withdrawal of a certificate of noncompliance provided by the child support unit certifying that the certificate is withdrawn and that the board may proceed with issuance, reinstatement, or renewal of a license.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Final Withdrawal Notice Has the meaning specified in Section 5.02 of this Trust Supplement.

  • Final Withdrawal Date Has the meaning specified in the Escrow Agreement.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Withdrawal Charge means a charge taken by AUL equal to a percentage of the Account Value withdrawn pursuant to Section 4.8, where the percentage varies by the Participant Account Year in which the withdrawal is made. The first Participant Account Year begins on the date when AUL establishes a Participant Account and credits the initial Contribution for the Participant, and ends on the day immediately preceding the next anniversary of such date. Each Participant Account Year thereafter begins on such an anniversary date and ends on the day immediately preceding the next succeeding anniversary date. The Withdrawal Charge percentage is as follows: During Withdrawal Charge Participant Account Years Percentage However, for any Participant who also participates in AUL Series III group annuity contract GA XX,XXX, the initial Withdrawal Charge percentage under this contract shall be equal to the Withdrawal Charge percentage applicable to the Participant under the AUL Series I group annuity contract from which funds have been transferred to such Series III contract, determined by AUL immediately prior to the date of such transfer, rounded down to the next whole Withdrawal Charge percentage if the Withdrawal Charge percentage under such Series I contract is a fractional Withdrawal Charge percentage. However, the Withdrawal Charge percentage under this paragraph shall never be greater than 8%. The Withdrawal Charge percentage shall be decreased by 1% for each subsequent Participant Account Year until the Withdrawal Charge percentage equals 4%. (However, if the applicable Series I contract Withdrawal Charge percentage is less than 4%, it shall be rounded up to 4% in this contract.) This 4% Withdrawal Charge percentage shall be in effect during the next 6 consecutive Participant Account Years. Thereafter, the Withdrawal Charge percentage shall be reduced to 0%. In no event will the cumulative total of all Withdrawal Charges, including those previously assessed against any amount withdrawn from a Participant Account, exceed 9% of total Contributions allocated to that Participant Account.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Firm Transmission Withdrawal Rights means the rights to schedule energy and capacity withdrawals from a Point of Interconnection of a Merchant Transmission Facility with the Transmission System. Firm Transmission Withdrawal Rights may be awarded only to a Merchant D.C. Transmission Facility that connects the Transmission System with another control area. Withdrawals scheduled using Firm Transmission Withdrawal Rights have rights similar to those under Firm Point-to-Point Transmission Service.

  • Withdrawal means any measure aimed at preventing a product in the supply chain from being made available on the market;

  • Transmission Withdrawal Rights means Firm Transmission Withdrawal Rights and Non- Firm Transmission Withdrawal Rights. APPENDIX 2 STANDARD CONSTRUCTION TERMS AND CONDITIONS Preamble The construction of any Interconnection Facilities required to interconnect a Customer Facility with the Transmission System shall be in accordance with the following Standard Construction Terms and Conditions.

  • Withdrawal Liability means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];