Dishonored Payments. In the event any Exercise Payment or Purchase Payment is dishonored for payment for any reason, the Escrow and Transfer Agent shall orally notify the depositor and the Company as soon as practicable. In such instances, the Agent shall return the Exercise Payment, Purchase Payment and Purchase Form to the depositor within two business days of such payments being dishonored.
Appears in 2 contracts
Sources: Escrow and Transfer Agreement (PSB Bancgroup Inc), Escrow and Transfer Agreement (PSB Bancgroup Inc)