Maturity, Renewal and Grace Period Sample Clauses

Maturity, Renewal and Grace Period. Unless you have instructed us or we have disclosed to you otherwise, your CD will automatically renew at the maturity date to another CD of an equal term at the then current interest rate for that term and current balance. You will have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged an early withdrawal penalty as described in the Deposit Account Disclosure or BMO Xxxxxx Bank Business Service Fee Schedule, as applicable. If your CD is redeemed during the ten-day (10-day) grace period, it will not earn interest after the maturity date.
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Maturity, Renewal and Grace Period. By opening your CD, you agree to keep the principal balance of the CD on deposit until the stated maturity date. You can provide us Advance Maturity Instructions for managing the funds in your CD at maturity. You can change your Advance Maturity Instructions up to 8:30 PM CT on the day prior to the maturity date. Advance Maturity Instructions will be processed on the maturity date, unless your Advance Maturity Instructions add funds from a Registered External Account and the maturity date falls on a non‑Business Day, in which case we will process your request on the first Business Day after the maturity date. Unless you provide us Advance Maturity Instructions, your CD will automatically renew on the maturity date to another CD of an equal term at the then current interest‌‌‌ rate we offer for that term. You will have a grace period of ten (10) calendar days beginning on the maturity date to modify or cancel the renewal term and to deposit additional or withdraw the funds without being charged an early withdrawal penalty as described in the Deposit Account Disclosure. During the grace period, there is no limitation on the number of changes you can make to the term length of your CD, however, adding any funds to your CD or taking a partial withdrawal from your CD during the grace period will end the grace period. We will send you a Communication reminding you of the renewal/maturity of your CD based on your current Advance Maturity Instructions 30 days prior to the maturity date.
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Related to Maturity, Renewal and Grace Period

  • Term of the Lease The lease begins at p.m. on (the “Check-in Date”) and ends at a.m. on (the “Checkout Date”).

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

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