Common use of Early Withdrawal Penalties Clause in Contracts

Early Withdrawal Penalties. The Term Share Certificate Account will mature on the Maturity Date set forth in the Share Certificate. The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the entire balance of the account if a withdrawal of principal is made prior to the Maturity Date. If the Term Share Certificate has a term to maturity equal to or less than one (1) year, the penalty imposed will equal thirty-one (31) days of dividends. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal ninety

Early Withdrawal Penalties. The Term Share Certificate Certifi- cate Account will mature on the Maturity Date set forth in the Share Certificate. The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the entire balance of the account if a withdrawal of principal princi- pal is made prior to the Maturity Date. If the Term Share Certificate has a term to maturity equal to or less than one (1) year, the penalty imposed will equal thirty-one (31) days of dividends. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal ninetyone

Early Withdrawal Penalties. The Term Share or Certificate Account will mature on the Maturity Date set forth in the Share CertificateAccount Receipt. The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the entire balance of the account if a withdrawal of principal is made prior to the Maturity Date. If The amount of the Term Share Certificate has a penalty will vary based on the Certificate’s term to maturity equal to or less than one (1) yearmaturity, the penalty imposed will equal thirty-one (31) days of dividends. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal ninetyas stated below: