Returned Checks. In the event that any check or other order for the payment of money is returned unpaid for any reason, MSIM or a third party appointed by MSIM will take such steps, including redepositing said check for collection or returning said check to the investor, as MSIM or a third party appointed by MSIM may, at its discretion, deem appropriate, or as the Fund may instruct.
Returned Checks. Tenant will pay $25.00 (not to exceed $25) for each check Tenant tenders to Landlord which is returned by the institution on which it is drawn for any reason, plus any late charges until Landlord receives payment.
Returned Checks. Resident agrees to pay a $25.00 processing fee (pursuant to N.C.G.S. § 25-3-506) for each check submitted by Resident that is returned by the financial institution for any reason, including insufficient funds and closed account This returned check fee shall be due without demand therefore and must be tendered together with the rent and any late fees due by Cashiers Check or Money Order. If a check submitted by Resident is returned, Lessor reserves the right to require that all future payments by Resident be tendered by Cashiers Check or Money Order, and Lessor also reserves the right to seek enforcement of the returned check pursuant to N C G S. § 6-21 3. S. SECURITY DEPOSIT: Resident agrees to tender to Lessor the Total of All Deposits (the °Deposin as described in Paragraph 1(E) of this Agreement prior to taking possession of the Premises. This sum shall be held in trust as a Security Deposit at the financial institution listed in Paragraph 1(E). Lessor will hold this Deposit for the period' that Resident occupies the Premises. After Resident has moved from the Premises, Lessor will determine whether Lessee(s) are eligible for a refund of any or all of the Deposit. The amount of the refund will be determined in accordance with NCGS § 42-51 and the following conditions and procedures:
Returned Checks. In the event that any check or other order for the payment of money is returned unpaid for any reason, the Transfer Agent will: (1)give prompt notice of such return to the Fund for its designee; (2)place a stop transfer order against all Shares issued as a result of such check or order; and (3)take such actions as the Transfer Agent may from time to time deem appropriate. 6. Redemptions. (a) Requirements for Transfer or Redemption of Shares. The Transfer Agent shall process all requests from Shareholders to transfer or redeem Shares in accordance with the procedures set forth in the Prospectus and all determinations of the number of Shares required to be redeemed to fund designated monthly payments, automatic payments, or any other such distribution or withdrawal plan. The Transfer Agent will transfer or redeem Shares upon receipt of Written Instructions and Share certificates, if any, properly endorsed for transfer or redemption, accompanied by such documents as the Transfer Agent reasonably may deem necessary to evidence the authority of the person making such transfer or redemption, and bearing satisfactory evidence of the payment of stock transfer taxes, if any. Except to the extent inconsistent with the procedures set forth in the Prospectus, the Transfer Agent reserves the right to refuse to transfer or redeem Shares until it is satisfied that the endorsement on the instructions is valid and genuine, and for that purpose it will require a guarantee of signature by a member firm of a national securities exchange, by any national bank or trust company, or by any member bank of the Federal Reserve system. The Transfer Agent also reserves the right to refuse to transfer or redeem Shares until it is satisfied that the requested transfer or redemption is legally authorized, and it shall incur no liability for the refusal, in good faith, to make transfers or redemptions which the Transfer Agent, in its good judgment, deems improper or unauthorized, or until it is reasonably satisfied that there is no basis to any claims adverse to such transfer or redemption. The Transfer Agent may, in effecting transactions, rely upon the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the provisions of Article 8 of the Uniform Commercial Code, as the same may be amended from time to time in the State of North Dakota, which in the opinion of legal counsel for the Fund or of its own legal counsel protect it in not requiring certain do...
Returned Checks. Purchaser shall reimburse Seller within seven (7) Business Days for all checks for Mortgage Loan Monthly Payments received by Seller prior to the related Transfer Date and which are returned to Seller, unpaid, on or after the related Transfer Date. Seller shall identify the check, show how the check was applied to the Mortgagor’s account, and present the returned check to the Purchaser promptly after receipt.