Common use of Maturity Grace Period; Renewal Clause in Contracts

Maturity Grace Period; Renewal. There is a ten (10) day grace period (the “Grace Period”) beginning on the day after the maturity date (maturity date plus ten (10) days), in which you may withdraw all or a portion of your principal without penalty or renew your TD Account with the same or a different term. You may also add additional funds, up to any aggregate deposit maximum, at this time. If you withdraw the funds in your TD Account during the Grace Period, interest will continue to accrue at the same interest rate and APY as the prior term and will be paid through the last full day before the day the funds in the TD Account are withdrawn We will send you a notice of the pending renewal of your TD Account. Please call by the end of the Grace Period if you would not like to renew your TD Account. If we do not hear from you by the end of the Grace Period, your TD Account will automatically renew for another term. The renewal term will begin (retroactively) on the day after the maturity date of the previous TD Account term. The principal balance for the renewal term will be the total balance in the TD Account (principal plus the interest that was not previously withdrawn) on the date the TD Account is renewed. Each renewal will be on the same terms, except that the rate of interest will be the highest interest rate and APY we offer for the same TD term that is available during the Grace Period. If such TD Account term is no longer available, the renewal term and rate of interest will be for the next shortest TD Account term that we offer at that time. We reserve the right not to renew your TD Account if we send written notice of non-renewal to your address of record with the Bank at least thirty (30) days before the date your TD Account will mature. If we send you a notice of non-renewal and you fail to contact us by the end of the Grace Period or we are unable to reach you to return your funds, you agree that we may transfer the balance from your TD Account to a Savings Account.

Maturity Grace Period; Renewal. There is a ten (10) day grace period (the “"Grace Period”") beginning on the day after the maturity date (maturity date plus ten (10) days), in which you may withdraw all or a portion of your principal without penalty or renew your TD CD Account with the same or a different term. You may also add additional funds, up to any aggregate deposit maximum, at this time. If you withdraw the funds in your TD CD Account during the Grace Period, interest will continue to accrue at the same interest rate and APY we offer for the same CD Account term as of the prior term maturity date and will be paid through the last full day before the day the funds in the TD CD Account are withdrawn We will send you a notice of withdrawn. Except in the pending renewal case of your TD Account. Please call by death or if there is a judicial or administrative determination that you are legally incompetent, you may not withdraw the end entire principal amount of a No-Penalty CD for the Grace Period if you would not like to renew your TD Account. If we do not hear from you by first six (6) days following the end expiration of the Grace Period, your TD Account will automatically renew for another term. The renewal term will begin (retroactively) on the day after the maturity date of the previous TD CD Account term. The principal balance for the renewal term will be the total balance in the TD CD Account (principal plus the interest that was not previously withdrawn) on the date the TD CD Account is renewed. Each renewal will be on the same terms, except that the rate of interest will be the highest interest rate and APY we offer for the same TD CD term that is available during the Grace Period. If such TD Account CD term is no longer available, the renewal term and rate of interest will be for the next shortest TD Account CD term that we offer at that timeor as otherwise specified in a letter to be provided to you. We reserve the right not to renew your TD CD Account if we send written notice of non-renewal to your address of record with the Bank at least thirty (30) days before the date your TD CD Account will mature. If we send you a notice of non-renewal and you fail to contact us by the end of during the Grace Period or we are unable to reach you to return your funds, you agree that we may transfer the balance from your TD CD Account to a an Online Savings Account.