Common use of Nature of Dividends Clause in Contracts

Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Not applicable to term share or share certificate accounts.

Appears in 7 contracts

Samples: Online Account Access Agreement, Online Account Access Agreement, Online Account Access Agreement

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Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Not applicable to (This disclosure further explains the dividend feature of your non-term share or share certificate accountsaccount(s).)

Appears in 6 contracts

Samples: Terms and Conditions, Terms and Conditions of Your Account, Terms and Conditions of Your Account

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Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves reserves, at the end of a dividend period. Not applicable to term share or share certificate accountsDividends are not guaranteed.

Appears in 3 contracts

Samples: Business Membership Account Agreement, Business Membership Account Agreement, Business Membership Account Agreement

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