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.
Appears in 3 contracts
Samples: Investment Services Agreement, Investment Service Agreement, Investment Service Agreement
Early Withdrawal. 3.1 Withdrawal of the NID NID/INI prior to the NID NID/INI 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 NID/INI 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/INI.
Appears in 1 contract
Samples: Investment Services Agreement
