Common use of Withdrawal of Application Clause in Contracts

Withdrawal of Application. Prior to the Company’s acceptance of the Application, the Principal may withdraw its Application. Upon receipt of such withdrawal by the Company, the Company shall return any money deposited by the Principal with the Company back to the Principal without interest.

Withdrawal of Application. Prior to the Company’s acceptance of the Applicationan application of bond, the prospective Principal may withdraw its Application. Upon his/her Application for bond, upon receipt of such withdrawal by the Company, the Company shall return any money deposited by the Principal with the Company back to the Principal without interest.