Scheduled Withdrawal Date definition
Examples of Scheduled Withdrawal Date in a sentence
On the Scheduled Withdrawal Date each year (or on the next business day if the Scheduled Withdrawal Date is not a business day) We will transfer the entire balance then on deposit to Your Share Account.
The Surrender by Delivery of CDRs shall be deemed to have been made only after the CDR Ratio Adjustment Time on the Scheduled Withdrawal Date and upon the applicable Withdrawing Holder satisfying all conditions for the withdrawal prior to the Prescribed Time.
Any CDRs Delivered by or on behalf of the Withdrawing Holder to the Custodian shall be held in trust for the Withdrawing Holder until the time of their cancellation on the Scheduled Withdrawal Date (provided that if the preconditions for the cancellation and Share withdrawal are not satisfied prior to the Prescribed Time, then such CDRs shall be held as security for satisfaction of any liabilities of the Withdrawing Holder hereunder).
Once the preconditions are satisfied, Delivery of the Share Release Number of Shares will be made on the Scheduled Withdrawal Date as provided in Section 2.5(c) (and provided, for greater certainty, that in no case will the Shares be Delivered prior to the CDR Ratio Adjustment Time on the Scheduled Withdrawal Date).