Cancellation Prior to Maturity Date Sample Clauses

The "Cancellation Prior to Maturity Date" clause defines the conditions under which a contract or agreement can be terminated before its originally agreed-upon end date. Typically, this clause outlines the procedures, notice requirements, and any penalties or fees that may apply if one party wishes to cancel early. For example, it may specify that written notice must be given a certain number of days in advance or that a cancellation fee is owed. The core function of this clause is to provide a clear framework for early termination, protecting both parties from uncertainty and potential disputes regarding premature cancellation.
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Cancellation Prior to Maturity Date. (1) You shall not be permitted to cancel the Foreign Currency Deposits prior to the specified maturity date without the approval of the Bank. (2) If the Bank agrees to the cancellation prior to the maturity for any reason that the Bank deems justifiable, please complete a withdrawal slip in the form designated by the Bank, affix your name (or signature) thereon, and submit the form so completed together with the Card. In such an event and if the PowerFlex account is cancelled subject to Article 10, Paragraph 2 through Paragraph 4 of the “Common Customer Agreement on PowerFlex Transaction”, no interest shall accrue. (3) In the case of the preceding Paragraph, the Bank shall pay the principal of the amount to be repaid in the same currency by means of funds transfer to the foreign currency savings deposit account in the PowerFlex account of the relevant customer. However, if Interim Interest has been paid, the Interim Interest paid (where two or more Interim Interest Payment Dates exist, the total amount of Interim Interest paid on each Date) shall be deducted from the principal, and the remaining amount of the principal shall be credited in the same currency to the savings deposit account in the PowerFlex account.
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Cancellation Prior to Maturity Date. (1) In principle, cancellation shall not be permitted before maturity. (2) Notwithstanding the foregoing, if the Bank agrees to cancellation prior to the maturity for any reason that the Bank deems justifiable and if cancellation is made in accordance with Article 10, Paragraph 2 through Paragraph 4 of the “Common Customer Agreement on PowerFlex Transaction”, the Bank shall deduct the cost of restructuring the deposit and other costs incurred by the Bank for the period from cancellation to maturity according to the calculation formula the Bank designates, and shall pay out the remainder.
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Cancellation Prior to Maturity Date. (1) You shall not be permitted to cancel the Foreign Currency Deposits prior to the specified maturity date without the approval of the Bank. (2) If the Bank agrees to the cancellation prior to the maturity for any reason that the Bank deems justifiable, please complete a withdrawal slip in the form designated by the Bank, affix your name (or signature) thereon, and submit the form so completed together with the Card. In such an event and if the PowerFlex account is cancelled subject to Article 10, Paragraph 2 through Paragraph 4 of the “Common Customer Agreement on PowerFlex Transaction”, no interest shall accrue.
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Cancellation Prior to Maturity Date. In principle, cancellation shall not be permitted before maturity.
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Related to Cancellation Prior to Maturity Date

  • Termination Prior to Maturity Date; Survival All covenants, representations and warranties made in this Agreement shall continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied. So long as Borrower has satisfied the Obligations (other than inchoate indemnity obligations, and any other obligations which, by their terms, are to survive the termination of this Agreement, and any Obligations under Bank Services Agreements that are cash collateralized in accordance with Section 4.1 of this Agreement), this Agreement may be terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. Those obligations that are expressly specified in this Agreement as surviving this Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination.

  • Discharge Prior to Maturity The Indenture shall be discharged and canceled upon the payment of all of the Securities and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of funds or U.S. Government Obligations sufficient for such payment.

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • Final Maturity Date 19 Fitch .....................................................................................19