Term of Deposit Clause Samples

The 'Term of Deposit' clause defines the specific duration for which a deposit must be held by the receiving party. Typically, this clause outlines the start and end dates of the deposit period, and may specify conditions under which the deposit can be returned or forfeited, such as upon completion of a contract or fulfillment of certain obligations. Its core practical function is to provide clear expectations regarding the timing and conditions of the deposit, thereby reducing disputes and ensuring both parties understand when and how the deposit will be handled.
Term of Deposit. The term of your certificate of deposit (CD) maybe reflected on the face of the CD. You are required to maintain your CD with the Bank for that period of time. CDs generally have terms of a few months to several years. CDs with very short or very long terms may be issued at the Bank’s discretion.
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Term of Deposit. The term of deposit shall be as prescribed by SMBC Trust Bank separately.
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Term of Deposit. The term of a time deposit shall be 3, 6 or 12 months or other periods as SMBC Trust Bank shall prescribe separately for each currency.
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Term of Deposit. The term of deposit shall be two (2) years or such other periods as SMBC Trust Bank shall prescribe separately for each currency.
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Term of Deposit. Maximum term is set equal to the remaining number of years from date of account opening to that of account holder’s eighteenth birthday.
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Term of Deposit. 3.1 This Agreement will commence on the date of signature by the Library hereof and will continue, subject to earlier termination under Clause 3.3, for a fixed period of thirty (30) years (the Term) whereupon it will automatically expire. If either party wishes to enter into a new agreement in respect of the Deposited Items to come into effect on expiry of the Term it shall so notify the other party in writing not less than six (6) months prior to the expiry of the Term. Any such new agreement shall not come into force and effect unless and until agreed by the parties in writing. 3.2 Notwithstanding Clause 3.1, the Library reserves the right, after giving not less than six (6) months written notice to the Depositor, to return to the Depositor or, with the written consent of the Depositor only, to destroy any Deposited Items which the Library judges, in its sole discretion, do not merit permanent preservation or for which there are other reasonable grounds for returning or destroying. 3.3 Notwithstanding Clause 3.1, this Agreement will automatically terminate on the date on which all Deposited Items have either been permanently returned to the Depositor (whether pursuant to Clause 3.2, Clause 5, or Clause 7.2) or destroyed. 3.4 Not less than six (6) months prior to the expiry of the Term, unless and to the extent that the parties have agreed to enter into a new agreement in respect of the relevant Deposited Items, the Library shall contact the Depositor to arrange for return to the Depositor of the Deposited Items then held by the Library pursuant to this Agreement. Such return may be by delivery to, or collection by, the Depositor, at the sole discretion of the Library. If, however, the Library is unable to comply with this Clause 3.4 by reason of the Depositor’s failure to comply with Clause 15.3 (notification of change of contact details) or if, where return is elected by the Library to be by collection by the Depositor, the Depositor has failed to collect any or all of the Deposited Items on or by the date of expiry of the Term, then, until such time as the Deposited Items are collected by the Depositor: 3.4.1 the Library shall be entitled to retain, hold and/or use such Deposited Items as it deems appropriate; 3.4.2 any restrictions and obligations imposed upon the Library with respect to the relevant Deposited Items (whether by contract or otherwise) in effect prior to the date of expiry of the Term shall not apply and/or shall be deemed to be withdra...
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Term of Deposit. The Collection will remain on deposit in the Institution for a term of not less than ten years beginning on the effective date of this agreement (“Term”). Any future gift of all or any part of the Collection to the Institution will terminate the deposit of the Collection or part thereof. If, after a period of twenty years after the effective date of this agreement, this deposit agreement has not been extended, or title to the Collection has not been transferred to the Institution, the Institution may seek and secure title to the Collection, provided that the Institution first makes reasonable efforts to contact the Depositor regarding the disposition of the deposit.
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Term of Deposit. Not more than 1 year
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Related to Term of Deposit

  • Payment of Deposit That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Cash. Amount Rs.50000/-(Fifty Thousand Only)

  • Release of Deposit If DSI does not receive Contrary Instructions from the Depositor, DSI is authorized to release the Deposit Materials to the Preferred Beneficiary or, if more than one beneficiary is registered to the deposit, to release a copy of the Deposit Materials to the Preferred Beneficiary. However, DSI is entitled to receive any fees due DSI before making the release. Any copying expense in excess of $300 will be chargeable to Preferred Beneficiary. This Agreement will terminate upon the release of the Deposit Materials held by DSI.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Release of Deposits Escrow Agent will make available for electronic download (unless otherwise requested) to ICANN or its designee, within twenty-­‐four (24) hours, at the Registry Operator’s expense, all Deposits in Escrow Agent’s possession in the event that the Escrow Agent receives a request from Registry Operator to effect such delivery to ICANN, or receives one of the following written notices by ICANN stating that: 6.1. the Registry Agreement has expired without renewal, or been terminated; or 6.2. ICANN has not received a notification as described in Part B, Sections 7.1 and