Penalty for Early Withdrawal Sample Clauses

Penalty for Early Withdrawal. We will allow withdrawal of principal from Your share certificate account before the Maturity Date without penalty in the following events: (1) the required minimum distribution from an IRA (2) a court’s declaration of Your mental incompetence, or (3) Your death. In all other cases You cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time You ask to make a withdrawal. If We consent to an early withdrawal, there may be a penalty on the amount of principal that You withdraw. Early withdrawal from and IRA Certificate is subject to IRS penalties, if applicable, in addition to the penalty structure described below. Effective June 5, 2021, the penalty structure for early withdrawal of funds from a Certificate will change, as follows:
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Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE RECEIPT FOR TERM DEPOSIT INTERNAL BANK USE SILICON VALLEY BANK 3003 Xxxxxx Xxxxx Xxxxx Xxxxx, XX 00000-0000 408-654-7400 Class Code 754 Account Number 8800023350 Interest Rate 4.90% Annual Percentage Yield 4.90% -------- -------------- ----- ----- Issue Date 7/24/98 Maturity Date 7/24/99 Term 365 days ------------ ---------- ------------ Amount Deposited *****$20,000.00***** Dollars ----------------------------------------------------- IN THE NAME(S) OF *****Channelpoint Inc***** FJA 841367639 INTEREST PAYMENT FREQUENCY [x] Monthly [ ] Quarterly [ ] Semi-Annually [ ] Annually [ ] At Maturity Of The Certificate METHOD OF INTEREST DISTRIBUTION [ ] Mail Check [ ] Credit To Certificate At Maturity Only [x] Credit To Acct. No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept. /s/ [ILLEGIBLE] -------------------------------------- BANK AUTHORIZED SIGNATURE This Term Deposit Is Subject To The Terms And Conditions Hereon And As Specified On The Signature Card And Agreement On File With Silicon Valley Bank. TERMS AND CONDITIONS
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Penalty for Early Withdrawal. We will allow withdrawal of principal from your share certificate account before the Maturity Date without penalty in the following events: (1) the required minimum distribution from an IRA (2) a court’s declaration of your mental incompetence, or (3) your death. In all other cases you cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time you ask to make a withdrawal. If we consent to an early withdrawal, there may be a penalty on the amount of principal that you withdraw.
Sample 1
Penalty for Early Withdrawal. We will allow withdrawal from your CD before the Maturity Date without penalty in the following events: (1) a court's declaration of your mental incompetence, or (2) your death. In all other cases you cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time you ask to make a withdrawal. If we consent to an early withdrawal, there is a penalty on the amount that you withdraw. For CDs with an originally scheduled term of three months or less, the penalty will be an amount equal to 30 days interest on the amount withdrawn at the rate being paid on the deposit. For CDs with an originally scheduled term of more than three months, but not more than seven months, the penalty will be an amount equal to 90 days interest on the amount withdrawn at the rate being paid on the deposit. For CDs with an originally scheduled term of more than seven months but less than thirteen months, the penalty will be an amount equal to 180 days
Sample 1
Penalty for Early Withdrawal. Partial withdrawals will not be permitted. If we permit a withdrawal before the maturity date, a penalty as shown below will be imposed. a. Deposits with an original maturity of 31 days or less will forfeit all interest earned from the date of deposit. There is a minimum penalty of seven (7) days simple interest. b. Deposits with an original maturity of 32 days to one year will forfeit an amount equal to 31 days simple interest at the interest rate paid on the time deposit at the time of withdrawal on the full amount of the deposit. c. Deposits with an original maturity of more than one year will forfeit an amount equal to 90 days simple interest at the interest rate being paid on the time deposit at the time of withdrawal on the full amount of the deposit. d. There is no penalty if early withdrawal is made due to the death of a depositor or if the depositor has been declared legally incompetent. In complying with the terms of this account, it may be necessary to deduct a portion of the principal deposit to satisfy an early withdrawal penalty. PRESENTATION OF THIS RECEIPT IS NOT NECESSARY FOR WITHDRAWAL OF FUNDS FROM THIS ACCOUNT. (Member FDIC) NOT NEGOTIABLE * NOT TRANSFERABLE This Amendment of Lease is made this 9th day of December, 1996 by and between One Mall, LLC, a Maryland Limited Liability Company (the "Landlord"), and SHL ACT Systemhouse Corp., successor in interest to SHL Kee Systems Inc. (the "Tenant").
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Related to Penalty for Early Withdrawal

  • Voluntary Withdrawal If any Partner should withdraw from the Partnership, they must give at least days’ written notice to the Partnership. Such withdrawal shall have no effect on the day-to-day operations of the Partnership.

  • Distribution Upon Withdrawal No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement.

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • No Withdrawal No Person shall be entitled to withdraw any part of such Person’s Capital Contribution or Capital Account or to receive any Distribution from the Company, except as expressly provided in this Agreement.

  • Rescission and Withdrawal Right Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.

  • Withdrawal from Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand.

  • Notice of Final Withdrawal Promptly after receipt by the Paying Agent of notice that the Escrow Agent has requested a Final Withdrawal or that a Final Withdrawal will be made, the Paying Agent shall cause notice of the distribution of the Final Withdrawal to be mailed to each of the Receiptholders at its address as it appears in the Register. Such notice shall be mailed not less than 15 days prior to the Final Withdrawal Date. Such notice shall set forth:

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

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