Common use of SHARE REQUIREMENTS Clause in Contracts

SHARE REQUIREMENTS. You may withdraw shares only by using the methods that have been approved by us, provided that our failure to enforce this provision in any instance shall not be a waiver of our right to enforce it in the future. If you reduce your balance below the par value of one share, you may be terminated from membership according to our rules and bylaws.

Appears in 2 contracts

Samples: Universal Account Agreement, Universal Account Agreement

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SHARE REQUIREMENTS. You may withdraw shares only by using the methods that have been approved by us, provided that our failure to enforce this provision in any instance shall not be a waiver of our right to enforce it in the future. If you reduce your balance below the par value of one share, you may be subject to a fee and your membership terminated from membership according to our rules and bylawsbecause you do not own at least one share.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

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