Effect of Interest Withdrawal Sample Clauses

Effect of Interest Withdrawal. The annual percentage yield shown on our Schedule of Interest assumes that interest will remain on deposit until maturity. A withdrawal of interest prior to maturity will reduce earnings.
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Effect of Interest Withdrawal. The annual percentage yield that you will earn assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Notice of Maturity We will send a notice of maturity for all our Certificates with terms greater than one month. We may, in our discretion, also send a notice of maturity for other Certificates.
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Effect of Interest Withdrawal. The annual percentage yield that you will earn assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Notice of Maturity We will send a notice of maturity for all our Certificates with terms greater than one month. We may, in our discretion, also send a notice of maturity for other Certificates. Automatic Renewal of Certificates You have a “grace period” of ten (10) calendar days after the maturity to withdraw the funds without being charged a penalty or to make additional deposits to the account. Unless we inform you otherwise, if you do not withdraw the funds from the Certificate account within the grace period, your Certificate account will be automatically renewed as of the Maturity Date of the maturing Certificate for a sim- ilar term at the rate of interest we are then paying on Certificates with that term. Any interest paid during the term of the Certificate, and not withdrawn during the grace period, will be included as principal of the renewed Certificate. If you elect against automatic renewal of your Certificate, you must give us written instructions. You must direct us (1) to renew the Certificate for a term which you specify and which we allow, (2) to close the Certificate and deposit the funds in another account you maintain with us, or (3) to close the certificate and deliver the funds to you. We must get your instructions within the grace period. When properly renewed, your new Certificate will begin on the Maturity Date of the maturing Certificate. If the account is closed during the grace period, we pay interest at what would have been the renewal rate for the maturing Certificate from the Maturity Date until the date of withdrawal. If on the Maturity Date we no longer offer the same type of Certificate as your Certificate, and you do not instruct us otherwise, the funds in the account will be placed in a Certificate which we offer, which we, in our discretion, determine is most sim- ilar to your Certificate. If you renew a Certificate or a Certificate is automatically renewed, all interest which is on deposit at the time of renewal will become principal of the renewed Certificate. Transaction Limitations and Early Withdrawal Penalties You may not make withdrawals of principal from your account before maturity without our consent. Except in the case of death or a court’s declaration of your incompetence, if you withdraw any principal before the Maturity Date, a penalty will be charged to your account. Pleas...
Sample 1

Related to Effect of Interest Withdrawal

  • Termination for Lack of Funding If this Contract is funded by public funds or a grant from a public or private entity, and the funds are not appropriated or the grant is discontinued, the County may terminate this Contract by written notice specifying the date of termination. The County shall pay for all work properly performed up to the effective date of the notice of termination.

  • Effect of Withdrawal The Company shall not be dissolved by the dissolution or other event of withdrawal of a Member if any Member remains to carry on the business of the Company.

  • Termination Due To Lack Of Funding Appropriation If, in the judgment of the Director of Accounts and Reports, Department of Administration, sufficient funds are not appropriated to continue the function performed in this agreement and for the payment of the charges hereunder, State may terminate this agreement at the end of its current fiscal year. State agrees to give written notice of termination to contractor at least 30 days prior to the end of its current fiscal year, and shall give such notice for a greater period prior to the end of such fiscal year as may be provided in this contract, except that such notice shall not be required prior to 90 days before the end of such fiscal year. Contractor shall have the right, at the end of such fiscal year, to take possession of any equipment provided State under the contract. State will pay to the contractor all regular contractual payments incurred through the end of such fiscal year, plus contractual charges incidental to the return of any such equipment. Upon termination of the agreement by State, title to any such equipment shall revert to contractor at the end of the State's current fiscal year. The termination of the contract pursuant to this paragraph shall not cause any penalty to be charged to the agency or the contractor.

  • Effect of Settlement/Reservation of Rights The following shall apply:

  • ASSIGNMENT OF AGREEMENT OR SALE OF INTERESTS Concessionaire shall not assign this Agreement or sell controlling interest in the Concession without prior written approval from Department. Any attempt to assign or sell controlling interest without prior written approval from Department shall be a material breach of this Agreement, subject to Suspension of Operations and/or Termination in accordance with the terms and conditions set forth in Paragraphs 9 and 10.

  • Effect of cessation or determination of Agreement 35. (1) On the cessation or determination of this Agreement —

  • Termination of Funding County may terminate this Contract in any fiscal year in that it is determined there is not sufficient funding. California Constitution Article XVI Section 18.

  • EFFECT OF SUSPENSION OR TERMINATION 18.1 The Department may exercise its right to give the Training Provider a direction under Clause 4.7 if:

  • Effect of Settlement Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that have been paid and settled. Although a settlement date or range of dates for settlement are specified above in order to comply with Code Section 409A, the Company retains discretion to determine the settlement date, and no Grantee or beneficiary of a Grantee shall have any claim for damages or loss by virtue of the fact that the market price of Common Stock was higher on a given date upon which settlement could have been made as compared to the market price on or after the actual settlement date (any claim relating to settlement will be limited to a claim for delivery of Shares and related dividend equivalents).

  • Rights of Rescission and Withdrawal for Holders Should a holder of Warrants exercise any legal, statutory, contractual or other right of withdrawal or rescission that may be available to it, and the holder’s funds which were paid on exercise have already been released to the Corporation by the Warrant Agent, the Warrant Agent shall not be responsible for ensuring the exercise is cancelled and a refund is paid back to the holder. In such cases, the holder shall seek a refund directly from the Corporation and subsequently, the Corporation, upon surrender to the Corporation or the Warrant Agent of any underlying Warrant Shares or other securities that may have been issued, or such other procedure as agreed to by the parties hereto, shall instruct the Warrant Agent in writing, to cancel the exercise transaction and any such underlying Warrant Shares or other securities on the register, which may have already been issued upon the Warrant exercise. In the event that any payment is received from the Corporation by virtue of the holder being a shareholder for such Warrants that were subsequently rescinded, such payment must be returned to the Corporation by such holder. The Warrant Agent shall not be under any duty or obligation to take any steps to ensure or enforce the return of the funds pursuant to this section, nor shall the Warrant Agent be in any other way responsible in the event that any payment is not delivered or received pursuant to this section. Notwithstanding the foregoing, in the event that the Corporation provides the refund to the Warrant Agent for distribution to the holder, the Warrant Agent shall return such funds to the holder as soon as reasonably practicable, and in so doing, the Warrant Agent shall incur no liability with respect to the delivery or non-delivery of any such funds.

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