Common use of Clearing and Settlement Clause in Contracts

Clearing and Settlement. The Bank may present and deliver Instruments for payment, clearing, collection, acceptance or otherwise through any bank or other party and in any manner as it deems appropriate. The Bank may also accept and deliver any form of settlement or payment for any Instrument as it deems appropriate.

Clearing and Settlement. The Bank may present and deliver Instruments for payment, clearing, collection, acceptance acceptance, or otherwise through any bank or other party and in any manner as it deems appropriate. The Bank may also accept and deliver any form of settlement or payment for any Instrument as it deems appropriate.