Common use of Cheques Clause in Contracts

Cheques. The Bank agrees to handle only standardised means of payment. The Bank reserves the right to evaluate the issuance of a chequebook to the Client at any time on the basis of his/her account status, needs, and resources. If the Bank has issued chequebooks, it may, on those grounds and at any time, ask the Client to return them by recorded delivery letter. The Bank must justify any refusal to issue a chequebook. Where the Bank has refused to issue a chequebook, it undertakes to review the Client’s position ev ery six months. To that end, the Client may refer the matter to the Bank at any time in writing, and the Bank shall inf orm the Client in writing of its decision whether to issue a chequebook. No reassessment can be made if the Client is subject to a ban on issuing cheques by a bank or a court. If the Client is under 16 years old, a chequebook will not be issued to him/her. If the Client is at least 16 years old, he/she and his/her legal representative(s) have the possibility of requesting that a chequebook be issued. If the Client is prohibited from issuing cheques, he/she shall be obliged to return the blank cheque f orms in his/her possession to the Bank immediately together with those in the possession of his/her authorised agent(s). In any ev ent, the issuance of any means of payment, whether mentioned hereinabove or not, requires the Client to comply with all current or f uture legal, regulatory or contractual provisions that are applicable to him/her and in particular to ensure the existence of available and sufficient funds in the account before issuance. Bef ore issuing any chequebook to the Client, the Bank must consult with Banque de France. The issuance of cheque f orms is only authorised for persons not listed in the Central Cheques register maintained by Banque de France identifying persons barred f rom issuing cheques. The Agreement does not constitute authorisation for the issuance of chequebooks, which is subject to approval by the Bank. Cheque f orms issued by the Bank to the Client shall be pre-crossed and non- transf erable; the payees of such cheques may only transmit them to a credit institution or equiv alent institution for collection. Chequebooks are kept available for the Client at the Bank; they may also be sent to him/her on request at his/her address by recorded delivery in return for payment of postage costs debited from his/her account.

Cheques. The In any event, providing a cheque book to a Customer is subject to the Bank agrees to handle only standardised means of paymenthaving checked with the French central bank (Banque de France) that such Customer has not had his banking privileges suspended and that he has not had his cheque book facilities withdrawn in court. The same things will be checked for each proxyholder as well. Irrespective of the results of such checks, the Bank reserves the right can always refuse to evaluate the issuance of provide a chequebook to the Client at any time on the basis of his/her account status, needsCustomer with a cheque book, and resources. If the Bank has issued chequebookscan, it may, on those grounds and at any time, ask a Customer that he returns any cheque forms already issued to him, to the Client to return them by recorded delivery letterBank. The Bank must will justify any refusal its decision. The Customer can ask, once a year, that the Bank’s decision be reviewed. A cheque book will be provided upon an express written order signed by the Customer and placed with the Bank. Subject to issue the above paragraph, the Bank will suggest to the Customer, at the time his account is opened, that he be provided with a chequebookcheque book. Where The Bank will deliver pre-crossed cheque forms marked non- transferable, except to the benefit of a bank or credit institution referred to by law. The processing time before the delivery of a cheque is recorded on the account will vary, depending notably on the place of payment and on the apparent conformity of the cheque. Generally, a cheque will be recorded on the account subject to the cheque being paid by the drawee. By exception, the amount of a cheque delivered, which would have been deposited on the customer’s account before the cheque is paid, and which payment would have been refused by the drawee thereafter, will be debited from the customer’s account. Before the Customer writes a cheque, the Customer will ensure there are enough funds on his account. If there are not enough funds, the Bank can refuse to pay the cheque, after informing the account holder, by ordinary post, of the consequences of insufficient funds. If the Customer fails to deposit a sufficient amount of money on his account for the relevant cheque to be paid by the Bank and the Bank refuses to pay the cheque, the Bank has refused to issue a chequebookenjoin the account holder to return any cheque forms he holds, it undertakes to review the Client’s position ev ery six months. To that end, the Client may refer the matter to the Bank at any time in writingBank, whether or not such cheque forms were provided by the Bank, and the Bank shall inf orm will also enjoin the Client in writing of its decision whether account holder to issue a chequebookno longer write cheques. No reassessment can be made if the Client is subject to a This ban on issuing writing cheques by a bank or a court. If the Client is under 16 years oldwill be registered with FNCI (Fichier National des Chèques Irréguliers), a chequebook will not French database that may be issued to him/hersearched by beneficiaries, and Pour les ordres de retrait d’espèces dans une devise autre que la devise du compte, la Banque effectue la conversion dans le délai nécessaire et calcule le taux de change sur la base du cours d’achat ou de vente de la devise concernée constaté au jour de la conversion. If the Ce taux de change qui varie en fonction du cours d’achat ou de vente des devises au jour le jour est disponible sur demande à l’Agence. Le Client is at least 16 years oldpeut révoquer son ordre de retrait par écrit (au guichet de l’Agence ou par lettre adressée à celle-ci) au plus tard le Jour Ouvrable précédant le jour convenu pour son exécution. Lorsque le Client se présente à l’Agence le jour convenu, he/she and his/her legal representative(s) have the possibility of requesting that a chequebook be issued. If the Client is prohibited from issuing cheques, he/she shall be obliged to return the blank cheque f orms in his/her possession to the Bank immediately together with those in the possession of his/her authorised agent(s). In any ev ent, the issuance of any means of payment, whether mentioned hereinabove or not, requires the Client to comply with all current or f uture legal, regulatory or contractual provisions that are applicable to him/her and in particular to ensure the existence of available and sufficient funds in the account before issuance. Bef ore issuing any chequebook to the Client, the Bank must consult with Banque l’ordre de France. The issuance of cheque f orms is only authorised for persons not listed in the Central Cheques register maintained by Banque de France identifying persons barred f rom issuing cheques. The Agreement does not constitute authorisation for the issuance of chequebooks, which is subject to approval by the Bank. Cheque f orms issued by the Bank to the Client shall be pre-crossed and non- transf erable; the payees of such cheques may only transmit them to a credit institution or equiv alent institution for collection. Chequebooks are kept available for the Client at the Bank; they may also be sent to him/her on request at his/her address by recorded delivery in return for payment of postage costs debited from his/her accountretrait d’espèces est exécuté immédiatement.

Cheques. The Bank customer agrees to handle only standardised means abide by following terms and condition in respect of payment. The Bank reserves using the right to evaluate cheques provided by the issuance of a chequebook bank: 1) New cheques books shall be issued and delivered to the Client at account holder personally, through the mail up on his/her sign request, or through any time on other means accepted by the basis bank. 2) The customer shall keep his/her cheques books in a safe place and shall notify the bank if any of his/her account status, needs, and resourcescheques books is lost. If the Bank has issued chequebooks, it may, on those grounds and at any time, ask the Client to return them by recorded delivery letter. The Bank cheque books must justify any refusal to issue a chequebook. Where the Bank has refused to issue a chequebook, it undertakes to review the Client’s position ev ery six months. To that end, the Client may refer the matter be returned to the Bank at any time in writing, and the Bank shall inf orm the Client in writing of its decision whether to issue a chequebook. No reassessment can be made bank if the Client customer account is subject to a ban on issuing closed whether at his/her request or his representative's, or by the Bank. 3) cheques by a must be used only for the account for which they are issued and they may not, under any circumstances, be used for any other account. 4) cheques and other bank forms shall be clearly completed and written in ink. Any change in the check must be clear and officially signed not initialized (The short form of the signature) 5) For security reasons the customer: A) Shall not issue blank cheques. B) Xxxxx write the cheques starting from the beginning of blank space provided leaving no space empty between words or a courtnumbers. If C) Shall not use erasable ink. 6) The customer shall be responsible for the Client is under 16 years old, a chequebook will not be issued protection of any cheques books delivered to him/her. If To avoid fraud and forgery, the Client customer must keep his cheques books in a safe place. Any case of losing cheque , the customer must notify the bank immediately with the cheque number and the date. The Bank shall not be liable for payment of any lost cheque . 7) The bank shall honor any cheque drawn by the customer even if it is at least 16 years oldforward dated. Payment will be in accordance with the laws of the kingdom of Saudi Arabia. It is understood by the customer that the Commercial Papers Act prescribe punishment, he/she including imprisonment and his/her legal representative(spenalty, in the following cases: - Issuing non - sufficient-fund cheque. - Issuing undated cheque. 8) the bank has the right to charge fees for return cheques. 9) have Stop Payment Order: It is understood and agreed by the possibility customer that: A) Stop payment orders shall be accepted only if the check is lost, stolen, or if the holder goes bankrupt, insolvent or incompetent. B) The customer shall indemnify the bank against any loss or damage that may be incurred due to non-payment of requesting the cheque. C) The bank shall not, under any circumstances, be liable if a cheque is paid due to erroneous details of the cheque, provided that the bank has followed ordinary procedures of stop payment order controls. D) The customer shall inform the bank in writing before issuing of a chequebook replacement cheque . The word "Replacement" must be issuedwritten or printed on the face of the new check which must be differently dated from that of the original check. 10) The customer may requesta the bank to cancel payment of a banker draft provided that the original draft is returned to the bank. However, if the draft is lost, stolen or damaged , the customer may requests stopping payment. Moreover, if the draft is lost, stolen or damaged, the customer may request the bank to cancel payment of a banker draft only upon a written consent of the payee, provided that the payee signs a declaration that the draft has not been endorsed to a third party. If stop payment is requested, the Client is prohibited from issuing cheques, he/she shall be obliged to return the blank cheque f orms in his/her possession customer must presents to the Bank immediately together with those bank an acceptable indemnification letter against any liability or obligation that may arise due to lost, stolen or damaged cheque. 11) All banker’s draft issued by the bank in foreign currencies must be presented for payment within three months from the possession date of his/her authorised agent(sissuance, payment after this deadline will be at the discretion of the paying bank (Drawee). In any ev ent, the issuance of any means of payment, whether mentioned hereinabove or not, requires the Client 12) Collection cheques shall not be credited to comply with all current or f uture legal, regulatory or contractual provisions that are applicable to him/her and in particular to ensure the existence of available and sufficient funds in the account before issuance. Bef ore issuing any chequebook the amount is collected and actually received by the bank, and If the amount of such cheque is credited to the Clientcustomer account before actual collection therefor, payment shall be considered as a lone until the Bank must consult with Banque de Francecheque is collected by the bank. The issuance bank shall has the right of recourse against the customer if the cheque f orms is only authorised for persons not listed honored, in which case the Central Cheques register maintained by Banque de France identifying persons barred f rom issuing chequesbank shall notify the customer accordingly. 13) The Agreement does not constitute authorisation for exchange rate to be used when foreign currency draft is collected is the issuance rate prevailing at the time the value is credited to customer account after the value of chequebooks, which is subject to approval the cheque has been collected and actually received by the Bank. Cheque f orms issued by the Bank to the Client shall be pre-crossed and non- transf erable; the payees of such cheques may only transmit them to a credit institution or equiv alent institution for collection. Chequebooks are kept available for the Client at the Bank; they may also be sent to him/her on request at his/her address by recorded delivery in return for payment of postage costs debited from his/her accountbank.

Cheques. The Bank agrees to handle only standardised means of payment. The Bank reserves the right to evaluate the issuance of a chequebook to the Client at any time on the basis of his/her account status, needs, and resources. If the Bank has issued chequebooks, it may, on those grounds and at any time, ask the Client to return them by recorded delivery letter. The Bank must justify any refusal to issue a chequebook. Where the Bank has refused to issue a chequebook, it undertakes to review the Client’s position ev ery every six months. To that end, the Client may refer the matter to the Bank at any time in writing, and the Bank shall inf orm inform the Client in writing of its decision whether to issue a chequebook. No reassessment can be made if the Client is subject to a ban on issuing cheques by a bank or a court. If the Client is under 16 years old, a chequebook will not be issued to him/her. If the Client is at least 16 years old, he/she and his/her legal representative(s) have the possibility of requesting that a chequebook be issued. If the Client is prohibited from issuing cheques, he/she shall be obliged to return the blank cheque f orms forms in his/her possession to the Bank immediately together with those in the possession of his/her authorised agent(s). In any ev entevent, the issuance of any means of payment, whether mentioned hereinabove or not, requires the Client to comply with all current or f uture future legal, regulatory or contractual provisions that are applicable to him/her and in particular to ensure the existence of available and sufficient funds in the account before issuance. Bef ore Before issuing any chequebook to the Client, the Bank must consult with Banque de France. The issuance of cheque f orms forms is only authorised for persons not listed in the Central Cheques register maintained by Banque de France identifying persons barred f rom from issuing cheques. The Agreement does not constitute authorisation for the issuance of chequebooks, which is subject to approval by the Bank. Cheque f orms forms issued by the Bank to the Client shall be pre-crossed and non- transf erabletransferable; the payees of such cheques may only transmit them to a credit institution or equiv alent equivalent institution for collection. Chequebooks are kept available for the Client at the Bank; they may also be sent to him/her on request at his/her address by recorded delivery in return for payment of postage costs debited from his/her account.