Common use of Cancellation before Maturity Date Clause in Contracts

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.