Early Termination of Time Sample Clauses

Early Termination of Time. Deposits (1) The time deposits (including large amount) may be terminated by Party A before maturity, but Party B shall be notified of such termination seven days in advance, and if Party B cannot be notified seven days in advance, Party B's consent shall be required. All deposits shall be settled in one lump sum upon termination of the contract. (2) Interest Rate on Early Termination If the deposit period is less than one month, no interest will be paid. If the deposit period is more than one month, the simple interest will be calculated at 20% discount from the time deposits rate announced by Party B. For deposits with Party B's "fixed interest rate", the applicable interest rate shall be the rate on the date of deposit. For deposits with Party B's "floating interest rate", if Party B's interest rate is adjusted during the actual deposit period, the interest shall be paid at the new interest rate. The interest rate for large deposits, not only is Party B's large interest rate applicable as the basis of interest calculation, but also the aforementioned calculation criteria apply. (3) For time deposits with negotiated fixed rates, interest is calculated at a 20% discount based on the difference between negotiated rates and announcement rates. (4) For time deposits with negotiated floating rates, interest rates shall be calculated in accordance with the time deposits with negotiated fixed interest rates. If the interest rate announced by Party B is adjusted, the interest shall be calculated in segment at the same time as the new announced interest rate. (5) If Party A has received interest at the higher interest rate of the original deposit period prior to withdrawal and the interest received exceeds the interest accrual standard of the termination of the contract, Party B agrees to deduct the excess interest from Party A's deposit account. (6) The adjusted interest rate for each of the above paragraphs shall not be less than demand deposit rate announced by Party B.
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Related to Early Termination of Time

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • EARLY TERMINATIONS The Student may be released from this agreement for:

  • Early Termination of Agreement (a) The City and the Contractor, by mutual written agreement, may terminate this Agreement at any time.

  • Early Termination Date The date upon which an Early Termination becomes effective as specified in Section 5.2 of this Agreement. Effective Date - The date specified above as the effective date. Electric Distribution Company or “EDC” – A public utility providing facilities for the transmission and distribution of electricity to retail customers in Pennsylvania. Electric Generation Supplier or “EGS” – A person or entity that is duly certified by the Commission to offer and provide competitive electric supply to retail customers located in the Commonwealth of Pennsylvania.

  • Early Termination Charges A-48 If this Agreement is terminated prior to its End Date pursuant to Clauses 42A-42, 43(a) or A- 43(c), the Home Customer shall pay to the Company an Early Termination Charge equivalent to (Termination Rate x Unexpired Months) where:

  • Rescission and Early Termination of Contract The Illinois Commerce Commission is considering rescission and early termination of contract regulations that may afford you opportunities within certain parameters to rescind or terminate your contract without incurring an early termination fee. In addition, your DSP’s tariff (which is on file with the Illinois Commerce Commission) may contain provisions regarding penalty-free rescission periods. DES will comply with all applicable provisions and regulations concerning rescission and early termination of contract. Shortly after your election to take service from DES, your DSP should provide you an enrollment notice informing you of any rescission rights you may have and the last day for making a request to rescind. If you rescind this Agreement within the timeframe specified by your DSP, your enrollment with DES will be cancelled without penalty to you. Upon rescission in accordance with applicable law, this Agreement will be considered cancelled and neither party shall have any further obligation hereunder to each other. If you do not rescind this Agreement, you still may terminate the Agreement without any termination fee or penalty within 10 business days after the date of the first xxxx issued to you under this Agreement by calling DES toll-free at 000-000-0000 to let DES know to terminate this Agreement. You may terminate a residential electric supply agreement in this manner only one time in any 12 month period. Upon termination, you will remain responsible for all obligations, including payment for Retail Power and related costs and charges, incurred under this Agreement prior to the effective date of termination, including any applicable termination fee.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows:

  • Orderly Termination Upon termination or other expiration of this Contract, each Party shall promptly return to the other Party all papers, materials, and other properties of the other held by each for purposes of execution of the Contract. In addition, each Party will assist the other Party in orderly termination of this Contract and the transfer of all assets, tangible and intangible, as may be necessary for the orderly, non-disruptive business continuation of each Party.

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement:

  • H3 Termination on Notice H3.1 The Authority shall have the right to terminate the Contract at any time by giving thirty (30) days written notice to the Contractor.

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