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39 <br />transfer limit is reached, Bank may decline transfers and withdrawals for the <br />remainder of the monthly statement period (exceptions to the statement period <br />may apply) to help Company avoid a fee and account conversion or closure. <br /> <br />The Excess Activity Fee for Savings and Money Market Accounts is $10 per <br />excess transaction. <br /> <br />Commercial Time Accounts <br /> <br />General. <br />Commercial Time (“time”) Accounts include deposits which are payable, <br />either on a specified date or at the expiration of a specified time, no less than <br />seven (7) calendar days after the date of deposit. Bank may refer to a time <br />account as a “certificate of deposit” or a “CD,” even though the time account <br />is not represented by a certificate. <br /> <br />Certificated Time Accounts. <br />If Company receives a certificate evidencing Company’s time Account, <br />Bank may require Company to present the certificate and any amendments <br />to receive payment or transfer ownership. <br /> <br />Maturity Date. <br />Company’s time Account will mature at the end of the term stated on <br />Company’s receipt, disclosure or certificate, as applicable. <br /> <br />Time Requirements. <br />Company agrees to keep Company’s funds on deposit until the maturity <br />date. Company may make withdrawals from Company’s time Account on <br />the maturity date or within the grace period after that date. Bank will not <br />agree in advance to allow withdrawal before maturity. <br /> <br />Payment of Interest. <br />If Company has elected a payment of interest other than a credit to <br />Company’s time Account, Bank may in its sole discretion terminate it in <br />favor of crediting Company’s time Account. Ordinarily, such discretion will <br />be exercised when an interest payment mailed to Company’s Account <br />address has been returned undelivered or when an Account to which <br />Company’s interest payments were automatically credited has been closed, <br />or if the interest payment amount is less than any minimum amount <br />disclosed in the fee and information schedule. <br />6.1.D. - Page 81