Early Withdrawal Sample Clauses
The Early Withdrawal clause allows a party to remove funds, assets, or participation from an agreement or account before the originally agreed-upon end date or maturity. Typically, this clause outlines the conditions under which early withdrawal is permitted, such as notice requirements or specific events, and may specify penalties, fees, or loss of benefits for withdrawing early. Its core practical function is to provide flexibility for parties who may need access to their resources sooner than planned, while also protecting the other party from potential disruption or loss.
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Early Withdrawal. Penalty You have contracted to keep your funds on deposit for the agreed term. You may not withdraw all or part of a retirement CD except as provided in this Agreement. At our discretion, we may allow you to withdraw all or part of your funds at times other than the grace period. We withdraw interest before principal. Each time we permit you to make an early withdrawal of principal, we may charge you an early withdrawal penalty. If your account has not earned enough interest to cover the early withdrawal penalty, we deduct any interest first and take the remainder of the penalty from your principal.
Early Withdrawal. The Secretary or his delegate may, in his discretion and upon written request by a Gov- ernor of a State who has filed a notice of withdrawal, waive the 6-months re- quirement of section 6363(b)(1) and sub- paragraph (1) of this paragraph (c), if the Secretary determines that:
(i) The State will suffer a hardship if required to meet such requirement, and
(ii) The early withdrawal requested by the Governor would be practicable from the standpoint of orderly collec- tion of the qualified tax and adminis- tration of the State law by the Federal Government. [T.D. 7577, 43 FR 59374, Dec. 20, 1978] The State may by law provide for the transition to or from a qualified tax to the extent necessary to prevent double taxation or other unintended hard- ships, or to prevent unintended bene- fits, under State law. Generally, such provisions shall be administered by the State; but, if requested to do so by the Governor of the State, the Secretary or his delegate may in his discretion, agree to administer such provisions ei- ther solely or jointly with the State. [T.D. 7577, 43 FR 59375, Dec. 20, 1978]
Early Withdrawal. All or any portion of the maturity proceeds may be withdrawn prior to the maturity date. Withdrawals will be taken from contract values based upon the order in which contributions were received starting with the oldest contributions first. Withdrawals of maturity proceeds prior to their maturity date are subject to early withdrawal fees. Any early withdrawal fee will be determined separately for each contribution. The amount of an early withdrawal fee will be equal to six months interest at the guaranteed interest rate attributable to the maturity period for the amount withdrawn. CMFG Life Insurance Company will calculate the early withdrawal fee as of the date of the withdrawal. The withdrawal fee will be deducted from the maturity proceeds.
Early Withdrawal. Any Withdrawal by a Certificate Owner before the withdrawal age.
Early Withdrawal. 3.1 Withdrawal of the NID prior to the NID Maturity Date (“Early Withdrawal”), may only be made upon such terms and conditions as the Bank may impose. Early termination charges (if any) and/or administrative fees (“Early Termination Charges”), calculated in accordance with such formula as the Bank may prescribe from time to time, may apply when the Customer applies for Early Withdrawal. Early Withdrawal Charges may be more than the returns earned on the NID and may be deducted by the Bank from the Principal Amount or other amounts (if any) which are otherwise payable to the Customer in connection with that NID.
Early Withdrawal. You agree not to withdraw funds deposited to your CD Account until the maturity date, and we do not have to allow you to make an early withdrawal. If we allow you to withdraw all or any portion of the principal before the maturity date (partial redemption), an early withdrawal interest penalty will be imposed on the amount withdrawn. Please see the account disclosure provided to you when you purchased your CD for the basis of this penalty. If the amount of the penalty exceeds the amount of accrued interest, we may deduct the excess penalty amount from the principal balance. The early withdrawal penalty may be waived upon the death of an owner of the CD account provided that the early withdrawal request is made prior to the first renewal after the owner’s death, or when the owner has been determined to be legally incompetent by a court or other administrative body. In addition, for retirement CDs only, the penalty is waived if there is a withdrawal from your CD after you become disabled or your withdrawal is part of a scheduled distribution to you under your retirement plan. Interest Rate and Annual Percentage Yields Interest rates and annual percentage yields offered on all new certificate of deposit accounts are set at the Bank’s discretion. Current rate information is available at all branch locations, by calling toll-free ▇▇▇.▇▇▇.▇▇▇▇ or via the Internet at ▇▇▇▇▇▇▇▇▇.▇▇▇▇. Unless otherwise stated, the rate of interest paid does not vary during the CD term. Fund transfers to and/or from your HSA are permitted for the convenience of managing your HSA. However, electronically moving funds to or from your HSA (e.g. depositing more than the allowable amount or getting additional cash back on an HSA debit card transaction) can raise a variety of tax concerns. As a result, before electronically accessing any account you may have with us, it is a good practice to ensure that you are using the correct access device (such as your HSA debit card) and/or accessing the appropriate account for the transaction. It is your responsibility to ensure the contributions, distributions and other actions related to your HSA comply with all applicable laws and regulations (including Federal tax law and rulings), as well as the provisions of your HSA Agreement. We recommend consulting a legal or tax professional if you have any questions about managing your HSA. The terms of this disclosure are intended to work in conjunction with the HSA Agreement provided to you earlier. In t...
Early Withdrawal. The school year runs from September through June. If you withdraw before the end of the year, no fees will be refunded. All registration and fees are non-refundable.
Early Withdrawal. Tuition fee refunds will be granted in accordance with the following schedule: From the 1st school day to the 5th day of the semester 75% From the 6th school day to the 10th day of the semester 50% From the 11th school day to the 15th day of the semester 25% From the 16th school day to the end of the semester No refund
Early Withdrawal. If Student is withdrawn before the completion of the minimum period of enrollment, without the recommendation of ROP, refund shall be given at the discretion of ▇▇▇▇▇▇ ▇▇▇▇▇ and/or ▇▇▇▇ ▇▇▇▇▇.
Early Withdrawal whose family leaves the district three weeks or less before the end of the school year may be promoted to the next grade or awarded academic course credit only if they demonstrate mastery of grade level or course standards as determined by the classroom teacher in consultation with the principal or designee. If students leave at any other time throughout the school year, progress report grades will be provided to the student/parent to bring to their new school. Student records will be forwarded upon request by the parent.