NOTICE OF MATURITY Clause Samples
A Notice of Maturity clause defines the requirement for formal notification when a financial obligation, such as a loan or bond, reaches its maturity date. Typically, this clause outlines who must send the notice, the method of delivery, and the timeframe in which it must be provided to the relevant parties. For example, a lender may be required to notify the borrower a set number of days before the final payment is due. The core function of this clause is to ensure all parties are clearly informed about the approaching maturity, reducing the risk of missed payments or misunderstandings regarding the end of the agreement.
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NOTICE OF MATURITY. The Broker-Dealer shall immediately notify the NASD if, after giving effect to all payments of Payment Obligations under subordination agreements then outstanding which are then due or mature within six months without reference to any projected profit or loss of the Broker-Dealer, either the aggregate indebtedness of the Broker-Dealer would exceed 1200 percent of its net capital, or in the case of a Broker-Dealer operating pursuant to paragraph (a)(1)(ii) of 17 CFR 240.15c3-1, its net capital would be less than 5 percent of aggregate debit items computed in accordance with 17 CFR 240.15c3-3a, or if registered as a futures commission merchant 6 percent of the funds required to be segregated pursuant to the Commodity Exchange Act and the regulations thereunder, (less the market value of commodity options purchased by option customers on or subject to the rules of a contract market, provided, however, the deduction for each option customer shall be limited to the amount of customer funds in such option customer's account,) if greater, and in either case, if its net capital would be less than 120 percent of the minimum dollar amount required by 17 CFR 240.15c3-1 including paragraph (a)(1)(ii), if applicable, or such greater dollar amount as may be made applicable to the Broker-Dealer by the NASD, or a governmental agency or self-regulatory body having appropriate authority.
NOTICE OF MATURITY. For share certificates that automatically renew, notices are mailed at least thirty
NOTICE OF MATURITY. Bank will send a notice of maturity for all CD accounts to ▇▇▇▇▇▇▇▇▇'s address on Bank's records.
NOTICE OF MATURITY. At least twenty-one (21) days prior to the date that the right to convert the Debentures into Shares is to expire, whether or not in consequence of the fact that the Debentures are to mature, the Company shall give notice to the holders of all registered Debentures, in the manner set forth in Section 2.09 hereof, of such expiry and of the date thereof, unless such expiry will be by virtue of Debentures having been called for redemption prior to their maturity date, notice of which redemption has then been provided to the holders of the Debentures to be redeemed.
NOTICE OF MATURITY. We are required by federal law to send a notice of maturity for all share certificates with terms greater than one month.
NOTICE OF MATURITY. Alpine will mail you a maturity notice prior to the maturity date. If you decide to change any of the instructions you gave Alpine concerning the renewal of your CD, including the term of any renewal CD, then Alpine must receive notification of the change(s) in writing at least seven (7) days before the maturity date. If you choose not to renew, the principal plus interest will be credited to an account you choose, or a check can be issued to you.
NOTICE OF MATURITY. 23 ARTICLE 5 GUARANTEE...........................................................23 5.01 Guarantee of Debentures...............................................23 5.02 Gross-up for Withholding Taxes on Payments by the Guarantor under Debentures............................................25 5.03 Release and Discharge.................................................26 ARTICLE 6 SUBORDINATION.....................................................26 6.01 Subordination of Debentures...........................................26 6.02 Payment of Proceeds in Certain Events.................................26 6.03 Subrogation to Senior Indebtedness....................................27 6.04 Senior Indebtedness Default...........................................27 6.05 Notice to Trustee of Senior Indebtedness Default......................28 6.06 Certain Exceptions....................................................28 6.07 Failure to Act Not a Waiver...........................................29 6.08 Renewal or Extension of Senior Indebtedness...........................29 6.09 Trustee to be Agent of Holders........................................29 6.10 Company to Issue Certificates of Senior Indebtedness..................29
NOTICE OF MATURITY. At least twenty one (21) days prior to the date that the right to convert any Note into Shares is to expire, whether or not in consequence of the fact that such Note is to mature, the Company shall give notice to the registered holder of such Note of such expiry and of the date thereof, unless such expiry will be by virtue of such Note having been called for redemption prior to its maturity date, notice of which redemption has then been provided to the holder of such Note in the manner provided for herein. 7.10
NOTICE OF MATURITY. The Issuer will give a Notice of Maturity to each Investor not less than 20 Business Days prior to the Maturity Date, unless otherwise specified in the relevant Term Sheet PDS.
NOTICE OF MATURITY. (For Consumer Accounts Only) (i.e., accounts held by a natural person primarily for personal, family, or household purposes) The Bank will send you a Notice of Maturity prior to maturity for TDs with maturities greater than 30 days.