Bank Cheque Sample Clauses
The Bank Cheque clause defines the terms and conditions under which payments are to be made using bank cheques. It typically specifies requirements such as the type of cheque (e.g., certified or cashier’s cheque), the issuing bank, and the process for delivery and clearance of the cheque. This clause ensures that payments are made securely and verifiably, reducing the risk of non-payment or fraud in commercial transactions.
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Bank Cheque. An unendorsed cheque drawn by any Bank or, if authorised by the Seller, some other cheque.
Bank Cheque. (i) includes a cheque drawn by a building society or credit union on itself; and
(ii) does not include a cheque drawn by a building society or credit union on a Bank;
Bank Cheque. Any tender of money due under this Mortgage, the Transaction Documents or under a Collateral Security shall not be invalid by reason only that it is made by bank cheque rather than in cash.
Bank Cheque. In this clause “bank cheque” means an unendorsed cheque that is not post dated or stale drawn on its own funds by a Bank.