Cancellation before Maturity Date Sample Clauses
Cancellation before Maturity Date. 5.1 The Customer may not cancel the Time Deposit before its maturity; provided, however, that the Bank may agree to the cancellation when the Bank recognises that such cancellation is unavoidable and no reason exists for the Bank to reject such cancellation.
5.2 In the event that the Bank allows the Customer to cancel the Time Deposit before its maturity date pursuant to Article 5.1, the applicable interest for the period from the deposit date (or the most recent Renewal Date) to the date of cancellation will be zero (0), and only the original amount of deposited principal (or the amount of principle renewed) will be credited to the Customer’s Savings Account or Current Account, whichever account is in the same currency as the currency of such principal.
Cancellation before Maturity Date. (1) The Depositor may not cancel the deposit during the first six (6) months from the date of deposit (the "First Step Period") .
(2) The Depositor may cancel the deposit before the maturity date after the First Step Period, and with the specific consent of SMBC Trust Bank.
(3) In the event that the deposit is cancelled before the maturity date pursuant to 5. (2) above, SMBC Trust Bank shall not pay any Interim Interest for the month in which the cancellation date falls (including when the cancellation is made on the last Business Day of the month).
(4) In the event that the deposit is cancelled before the maturity date pursuant to 5. (2) and 5. (3) above, SMBC Trust Bank shall repay the deposit principal by crediting it to the Depositor's ▇▇▇▇▇▇▇ MultiMoney Savings Account in the deposit currency.
Cancellation before Maturity Date. The Depositor may cancel a deposit before the maturity date with the consent of SMBC Trust Bank, and the interest rate in this case shall be the interest rate applicable to cancellation as provided for in 3 (3) above.
Cancellation before Maturity Date. The Depositor may not cancel the deposit before the Maturity Date, except that SMBC Trust Bank determines cancellation before the Maturity Date is unavoidable. In the event that SMBC Trust Bank determines cancellation before the Maturity Date is unavoidable, SMBC Trust Bank shall accept cancellations for only the full amount of the deposit, calculate interest due for the period from the date of deposit until the day before the cancellation date based on 365 days a year at the interest rate prescribed by SMBC Trust Bank. Upon cancellation of the deposit before the Maturity Date, the Depositor shall pay cancellation expenses (or damages) to SMBC Trust Bank caused by cancellation of the deposit before the Maturity Date. The cancellation expenses (or damages) mean the expenses which would not be incurred by SMBC Trust Bank without cancellation before the Maturity Date. SMBC Trust Bank may, without any prior notice to the Depositor, deduct cancellation expenses (or damages) to be paid by the Depositor to SMBC Trust Bank from the amount of the principal and interest of the deposit.
Cancellation before Maturity Date. Any cancellation of the Time Deposit by the Customer before its maturity date will only be allowed when the Bank agrees that such cancellation is unavoidable.
Cancellation before Maturity Date. Excepting for those cases described in Article 9, cancellation of the Structured Deposit by the Customer before its maturity date will only be allowed when the Bank agrees that such cancellation is unavoidable.