Common use of Cheque Book Clause in Contracts

Cheque Book. 1. The Customer shall take due care of his/her/its cheque book and shall assume full responsibility thereof. 2. The Bank shall have the right to withhold issuance of a cheque book to the Customer without giving reasons. 3. The Customer shall write the cheque either in Arabic or English language, and no cheques written in other languages shall be accepted or cashed. 4. The Bank may refuse to pay the amount of the cheques drawn on the Customer’s account if there are no sufficient funds regardless of the fact that other accounts of the same Customer may be in credit balance, unless he/she/ it authorizes the Bank in writing to cover the cheque amounts or any other withdrawals from its other current or saving accounts with the Bank. 5. The Bank may honor the value of the cheques or other commercial papers drawn on the current account of the Customer, even if this were to cause the account to be overdrawn. The Customer undertakes to pay all due amounts in his/her/its overdrawn account immediately or when required by the Bank. 6. The Bank shall have the right to withhold payment on any payment orders or written cheques written on any forms other than Bank approved forms, without any responsibility whatsoever on the part of the Bank. 7. Requests to Stop Payments: The Customer instructions to stop the payment of cheques issued by him/her/ it shall not be binding unless such instructions fall within the scope of applicable laws and regulations in the UAE.

Cheque Book. 1. The Customer shall take due care of his/her/its cheque book and shall assume full responsibility thereof. 2. The Bank shall have the right to withhold issuance of a cheque book to the Customer without giving reasons. 3. The Customer shall write the cheque either in Arabic or English language, and no cheques written in other languages shall be accepted or cashed. 4. The Bank may refuse to pay the amount of the cheques drawn on the Customer’s account if there are no sufficient sufficient funds regardless of the fact that other accounts of the same Customer may be in credit balance, unless he/she/ it authorizes the Bank in writing to cover the cheque amounts or any other withdrawals from its other current or saving accounts with the Bank. 5. The Bank may honor the value of the cheques or other commercial papers drawn on the current account of the Customer, even if this were to cause the account to be overdrawn. The Customer undertakes to pay all due amounts in his/her/its overdrawn account immediately or when required by the Bank. 6. The Bank shall have the right to withhold payment on any payment orders or written cheques written on any forms other than Bank approved forms, without any responsibility whatsoever on the part of the Bank. 7. Requests to Stop Payments: The Customer instructions to stop the payment of cheques issued by him/her/ it shall not be binding unless such instructions fall within the scope of applicable laws and regulations in the UAE.