Stale Items Sample Clauses
The Stale Items clause defines how products that remain unsold or unused beyond a certain period are to be handled. Typically, this clause outlines procedures for identifying items considered 'stale,' such as inventory that has not moved within a specified timeframe, and may specify actions like returning, discounting, or disposing of such items. Its core practical function is to manage excess or outdated inventory, thereby reducing financial losses and storage costs for the parties involved.
Stale Items. We are under no obligation to pay a check which is presented for payment more than six months from its date. In the event that a check drawn on your Account is payable, by its terms, within a stated period of time, we are under no obligation to pay that check if it is presented after the expiration of that time period.
Stale Items. The Bank is not obligated to pay items drawn on any account which are presented more than six (6) months after their date; however, if the Bank does in its discretion pay any such items, it may charge your account for such items.
Stale Items. We may pay a check of yours without regard to its date, and you agree that we will have no liability for doing so. We are under no obligation to pay a check which is presented for payment more than six
Stale Items. A stale dated check is a check presented at the Credit Union six (6) months or more after the issue date of the check. In the event a check drawn on your Account is payable by its terms within a stated period of time, we are under no obligation to pay a check which is presented for payment more than six (6) months from its issue date.
Stale Items. We are not obligated to pay items drawn on any Account which are presented more than six (6) months after their date; however, if we do, in our discretion, pay any such items, we may charge your Account for such items.
Stale Items. We are under no obligation to pay a check which is presented for payment more than six months from its date.
Stale Items. We reserve the right to pay or dishonor any item more than six months old without prior notice to you.
Stale Items. The Bank reserves the right either to pay or dishonor any stale item (an item presented more than six months after its issue date) upon presentment. The Bank shall not be liable to you for refusing to pay a stale item or for paying a stale item.