Common use of NON-REDEEMABLE Clause in Contracts

NON-REDEEMABLE. If Early Redemption is not permitted by the terms of this Term Deposit Contract, the Depositor may, by giving 30 days’ notice in writing, or such lesser time as the Financial Institution may permit, request the Financial Institution to permit redemption before the end of the term. If the Depositor makes this request and the Financial Institution, in its sole discretion, decides to grant it, then interest for the time this deposit has been on deposit will be paid by the Financial Institution at the rate (if any) determined by the Financial Institution. Interest will not be paid on funds redeemed within 30 days of the Issue Date.

NON-REDEEMABLE. If Early Redemption is not permitted by the terms of this Term Deposit ContractAgreement, the Depositor may, by giving 30 days’ notice in writing, or such lesser time as the Financial Institution may permit, request the Financial Institution to permit redemption before the end of the term. If the Depositor makes this request and the Financial Institution, in its sole discretion, decides to grant it, then interest for the time this deposit has been on deposit will be paid by the Financial Institution at the rate (if any) determined by the Financial Institution. Interest will not be paid on funds redeemed within 30 days of the Issue Date.

NON-REDEEMABLE. If Early Redemption is not permitted by the terms of this Term Deposit ContractAgreement, the Depositor may, by giving 30 days’ notice in writing, or such lesser time as the Financial Institution may permit, request the Financial Institution to permit redemption before the end of the term. If the Depositor makes this request and the Financial Institution, in its sole discretion, decides to grant it, then interest for the time this deposit has been on deposit will be paid by the Financial Institution at the rate (if any) determined by the Financial Institution. Interest will not be paid on funds redeemed within 30 60 days of the Issue Date.