Common use of Cancellation before Maturity Date Clause in Contracts

Cancellation before Maturity Date. 5.1 The Customer may not cancel the Time Deposit before its maturity; provided, however, that the Bank may agree to the cancellation when the Bank recognises that such cancellation is unavoidable and no reason exists for the Bank to reject such cancellation.

Cancellation before Maturity Date. 5.1 The Customer may not cancel 1. Any cancellation of the Time Deposit by the Customer before its maturity; provided, however, that the Bank may agree to the cancellation maturity date will only be allowed when the Bank recognises agrees that such cancellation is unavoidable and no reason exists for the Bank to reject such cancellationunavoidable.