Withdrawals. The Cash Manager may make withdrawals:
Withdrawals of amounts related to the Mortgage Loans from the Servicing Accounts may be made only to effect timely payment of taxes, assessments, hazard insurance premiums, Primary Insurance Policy premiums, if applicable, or comparable items, to reimburse the Servicer or Subservicer out of related collections for any payments made pursuant to Sections 3.11 (with respect to the Primary Insurance Policy) and 3.12(a) (with respect to hazard insurance), to refund to any Mortgagors any sums as may be determined to be overages, to pay interest, if required, to Mortgagors on balances in the Servicing Account or to clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01. As part of its servicing duties, the Servicer shall, and the Subservicers will, pursuant to the Subservicing Agreements, be required to pay to the Mortgagors interest on funds in this account to the extent required by law.
Withdrawals has the meaning provided in Section 9.5, below.
Examples of Withdrawals in a sentence
Withdrawals must be unconditional and will end all participation in the tender procedure.
Withdrawals are effective upon receipt of notice by the Contracting Officer.
Withdrawals will be subject to all applicable tax and other laws and regulations, including but not limited to possible early distribution penalty taxes, surrender charges, and withholding requirements.
Withdrawals of the proceeds of the Grant shall be made in the currency of the Grant.
Withdrawals will reduce the policy value of the policy to which this rider is attached.
More Definitions of Withdrawals
Withdrawals. All requests for withdrawal shall be in writing on a form provided by or acceptable to us. The method of distribution must be specified in writing. The tax identification number of the recipient must be provided to us before we are obligated to make a distribution. Any withdrawals shall be subject to all applicable tax and other laws and regulations including possible early withdrawal penalties and withholding requirements.
Withdrawals. Any person who signs as a joint owner on a Signature Card may withdraw or transfer all or any part of the account balance at any time. If you voluntarily give out your account number to a third person by telephone, that act authorizes the recipient of the information to initiate debits to your account even though that particular transaction is not authorized. The Credit Union will not be liable for those withdrawals. Federal Credit Union bylaws give the Credit Union authority to impose a written notice of seven days up to sixty days before intended withdrawal of funds. TRANSFER LIMITATIONS: Six pre-authorized, automatic or telephone transfers (including transfers done through Freedom Phone, Freedom Teller, or Mobile Banking) are allowed monthly from savings. Any other transfers must be accompanied by a signature.
Withdrawals. [check desired option]:
Withdrawals means Benefit payments made available from the Bond by:
Withdrawals means withdrawals of any type (including free withdrawals and partial withdrawals) without consideration of any contingent deferred sales charge. The death benefit is as follows, and is subject to items(1) and (2) below:
Withdrawals. During the Accumulation Period, You may request partial withdrawals or a full withdrawal of the Surrender Value, subject to the Requirements and Limitations described on the Contract Schedule. A withdrawal will be processed as of the end of the Valuation Period during which We receive all the information necessary to process the withdrawal at Our Service Center. Partial withdrawals will be deducted from the subaccounts as described on the Contract Schedule. For a full withdrawal, upon receipt of this Contract and all other information necessary to process the withdrawal at Our Service Center, We will determine and pay You the Surrender Value and this Contract will terminate.
Withdrawals. If the Employer designates in the Adoption Agreement that "haircut" withdrawals shall be permitted under the Plan, a Participant in Service may at his option make one or more withdrawals from his Deferred Compensation Account by written request to the Committee; provided, however, that a Participant who requests a withdrawal under this Section 5.3 shall incur a penalty (the "haircut") equal to a percentage (not less than 10%), as designated by the Employer in the Adoption Agreement, of the amount withdrawn, and this penalty shall be forfeited from the Deferred Compensation Account of the Participant notwithstanding the provisions of Section 7.