Common use of REDEEMABLE Clause in Contracts

REDEEMABLE. If Early Redemption is permitted by the terms of this Term Deposit Contract, the Financial Institution may require the Depositor to give one business days’ notice of the intention to redeem. Interest will not be paid on funds redeemed within 30 days of the Issue Date.

REDEEMABLE. If Early Redemption is permitted by the terms of this Term Deposit ContractAgreement, the Financial Institution may require the Depositor to give one business days’ 1 day’s notice of the intention to redeem. Interest will not be paid on funds redeemed within 30 days of the Issue Date.