Refund cheques Clause Samples
The 'Refund cheques' clause outlines the procedures and conditions under which refunds are issued via cheque to a party. Typically, this clause specifies the circumstances that trigger a refund, such as overpayment or contract cancellation, and details the process for issuing and delivering the cheque, including timelines and recipient information. Its core practical function is to provide a clear and standardized method for returning funds, thereby reducing disputes and ensuring both parties understand how and when refunds will be processed.
Refund cheques. The Company will procure that, in accordance with the terms of the Receiving Bank Agreement and the Registrar Agreement, the Nominee will pay refunds of applications monies, and the Hong Kong Share Registrar will arrange for the distribution of refund cheques, to those successful and unsuccessful applicants under the Hong Kong Public Offering who are or may be entitled to receive refunds of application monies (in whole or in part) in accordance with the terms of the Hong Kong Public Offering specified in the Hong Kong Public Offering Documents.
Refund cheques. It is expected that refund cheques or the cheque(s) submitted by the applicant(s) which has not yet been deposited to the rights issue account in respect of the applications for Rights Shares and excess Rights Shares will be despatched by ordinary post to those entitled thereto, without interest, at their own risk on 20 April 2023. Hong Kong, 19 April 2023