Common use of Cheque dishonor charges Clause in Contracts

Cheque dishonor charges. The Owner shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Owner of all the amounts including the dishonour charges of Rs. 1000/- (Rupees One Thousand only) (for each dishonour).

Appears in 2 contracts

Sources: Sale Agreement, Sale Agreement