Returned Cheques Clause Samples
The Returned Cheques clause outlines the procedures and consequences when a cheque issued as payment is not honored by the bank and is returned. Typically, this clause specifies the actions the payee may take, such as charging a fee for each returned cheque or requiring future payments to be made by alternative methods like cash or certified funds. Its core function is to protect the payee from the inconvenience and financial risk associated with bounced cheques, ensuring prompt and reliable payment.
Returned Cheques. In consideration of the Bank allowing me/us to pay for purchases by cheque(s) I/we hereby agree that in the event any cheque is dishonoured for whatever reason, the Bank shall have the right at the Bank‟s absolute discretion (but shall not be obliged to) without prior notice to me/us to buy back from me/us the gold so purchased at the Bank‟s selling price on the day the said purchase(s) were made/or the Bank‟s buying price on the day the Bank exercised the Bank‟s right to buy back the gold, whichever price is the lower. Any loss suffered by the Bank in this connection shall be a debt due and owing from me/us to the Bank and recoverable as such while any gains made will be forfeited to the Bank and I/we agree not to make any claim in respect thereof.
Returned Cheques. For any Settlement Cheque returned to the Settlement Administrator as undeliverable (including, but not limited to, when the intended recipient is no longer located at the address), the Settlement Administrator shall make reasonable efforts to locate a valid address and resend the Settlement payment within thirty (30) days after the Settlement Cheque is returned to the Settlement Administrator as undeliverable. In attempting to locate a valid address, the Settlement Administer is authorized to send by mail and if available an e-mail and/or place a telephone call to that Settlement Class Member to obtain updated address information. Any replacement Settlement Cheques issued to Settlement Class Members shall remain valid and negotiable for sixty (60) days from the date of their issuance and may thereafter automatically be canceled if not cashed by the Settlement Class Members within that time.
Returned Cheques. A service charge of Fifty ($50.00) Dollars will apply for any cheques provided by the Resident to SJU returned as "NSF" (Not Sufficient Funds). Settlement of the Residents account must then be made in cash or by certified cheque by the Resident.
Returned Cheques. In the event your bank returns a cheque for insufficient funds, MAPLE ORGANICS will contact you to obtain a credit or debit card to cover the payment. A $50 returned-cheque fee will be added to the order amount. MAPLE ORGANICS reserves the right to require that future orders are paid by credit card, money order, or cashier’s cheque. Any unresolved or outstanding balance owed MAPLE ORGANICS will be withheld from your bonus and commission cheques.
Returned Cheques. In the event of Tenant Rental Cheques Returned by the bank, if any, for insufficient funds or for any other reason, then the
(A) AED 1000 as a penalty will be applicable when cheque gets dishonored. In addition to this, 0.5% of the cheque amount will be charged after 7 Days and will add 0.5% of additional charges will be charged every passing week and will go upto 20% of the cheque amount
(B) Maximum, within Seven Working Days of the Date when the Tenant is notified of the Returned Cheque, the cheque needs to be honored.
(C) Regardless of any request letters, mails or phone calls from the Tenant to hold the return cheque, the Landlord will present the returned cheque, latest after 7 working days from initial returned date. Note: With signing of this Tenancy Agreement, the Tenant agrees and confirms that – there will be no negotiations or discussions applicable with regard to Non-Compliance of Clause# 12 (i.e. Returned Cheques).
Returned Cheques. If a rent payment cheque is returned by your bank for any reason, an administration charge of $25 plus actual costs are due immediately together with the above-noted late payment charges. The replacement payment must be made by certified cheque or money order. You agree that the Rented Premises will be occupied by the following persons only: Paragraphs 1 through 31 of this Lease are an integral part of this Lease and are contained on subsequent pages. Each Resident and/or Leaseholder, having read all paragraphs and having received a copy of this Lease including a copy of the Rules and Regulations attached to the Lease, agrees to be bound by each paragraph.
Returned Cheques. All cheques returned by a IBD’s bank for insufficient funds will be replaced for payment. A RM50 returned cheques fee will be charged to the account of the IBD. After receiving a returned cheques from an IBD, all future orders must be paid by online transfer or cash deposit. Any outstanding balance owed to The Company by a IBD due to non-sufficient fund cheques and returned cheques fees will be
Returned Cheques. There is a $50.00 per cheque fee for all returned cheques.