Cheque Facility definition
Examples of Cheque Facility in a sentence
This clause 5.1(b) has application only to the extent that the Note Holder has made or has an obligation to make a payment to a Facility Provider under a Card and Cheque Facility in respect of Redraw Facilities provided by the Issuer on that day.
Notwithstanding anything contained in this Agreement, the Borrower hereby agrees and confirms that the Lender reserves the absolute right to recall the Term Loan Facility (either fully or partially) unconditionally without prior notice to the Borrower and also withdraw the Cheque Facility in terms of the Lender's policy on dishonor of cheques, in case of incidence of frequent dishonor of cheques / failed ECS (debit) due to insufficient funds is observed.
This clause 5.1(b) has application only to the extent that Redraw Funding Facility the Note Holder has made or has an obligation to make a payment to a Facility Provider under a Card and Cheque Facility in respect of Redraw Facilities provided by the Issuer on that day.
This clause 5.1(b) has application only to the extent that -------------------------------------------------------------------------------- page 10 Redraw Funding Facility Agreement - SMHL Global Fund No. 6 the Note Holder has made or has an obligation to make a payment to a Facility Provider under a Card and Cheque Facility in respect of Redraw Facilities provided by the Issuer on that day.