Common use of How the Penalty Works Clause in Contracts

How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.

How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be have been earned at the nominal dividend rate on the account. It applies whether or not the dividend has dividends have been earned. In other words, if the account has not yet earned enough dividends dividends, or if the dividends have already been paid, the penalty will be deducted from the principal.

How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.It

How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends interest amounts that have been or would be have been earned at the nominal dividend rate on the account. It applies whether or not the dividend interest has been earned. In other words, if the account has not yet earned enough dividends interest, or if a portion of the dividends have annual interest has already been paid, the penalty will be deducted from the principal.

How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have dividend has already been paid, the penalty will be deducted from the principal. The penalty will be calculated based upon the principal balance at the beginning of the current term regardless of the actual balance at time of early withdrawal.

How the Penalty Works. The penalty is calculated as a forfeiture forfei- ture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividend has been earned. In other words, if If the account has not yet earned enough dividends or if the earned dividends have already previously been paidwithdrawn, the penalty will be deducted de- ducted from the principalprincipal balance.