Default Check definition

Default Check means a check sent to a designated student where the student has not made a refund preference selection within 21 days after being notified of its availability, BankMobile automatically mails a default check to the student before the expiration of the 21-day period.
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Default Check means a UFO Check (Unidentified (re)Fund Option) sent to a designated student address to comply with the Title IV Regulations, as defined below, because, after 21 days, the recipient of a refund has not specified how he/she would like to receive his/her refund or BankMobile cannot otherwise deliver the refund.
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Examples of Default Check in a sentence

  • Per Default Check: $1.50 To the extent that the Institution processes less than 90% of all Disbursements through BankMobile’s Refund Management® system in any given semester, BankMobile reserves the right to charge the Institution an account maintenance fee of $1 per month per User.

  • Per Default Check Disbursement (includes any and all checks): $2.50 Customers Bank will collect all replacement card fees directly from Users.

  • Events of Default (Check one): / / The undersigned does not have knowledge of the occurrence of a Default or Event of Default under the Credit Agreement.

Related to Default Check

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Net Default Charges With respect to any Mortgage Loan, Serviced Loan Combination or successor REO Mortgage Loan, the Default Charges referred to in clause third of Section 3.25(a) or clause fourth of Section 3.25(c), which are payable to the applicable Master Servicer as Additional Master Servicing Compensation or the applicable Special Servicer as Additional Special Servicing Compensation.

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Lease Deficit Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Lease Deficit Demand.