Dishonor definition

Dishonor of a letter of credit means failure timely to honor or to take an interim action, such as acceptance of a draft, that may be required by the letter of credit.

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Dishonor of a letter of credit means failure timely to honor or to take an interim action, such

Dishonor of a letter of credit means failure timely to honor

Examples of Dishonor in a sentence

• I and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor.

• Borrower and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor.

• Dishonor of drafts and Cheques given by Licensee in favour of Maha-Metro.

• I and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor and waive the benefit of the homestead exemption as to the Property described in the Security Instrument (as defined below).

• Dishonor for any reason as provided in this Agreement is not wrongful dishonor.

• If, based upon such inspection, IFTC determines that the signature on a Draft appears different from that on the respective signature card, or that there is evidence of material alteration, IFTC shall so notify Fund in accordance with the provisions of Section 6 below (by listing the Draft on the "Notification of Proposed Dishonor") , shall send Fund a copy of such Draft and the applicable signature card (if any) held by IFTC, and shall inform Fund that IFTC proposes to dishonor the Draft for that reason.

• Negotiable instruments Act- Bouncing of cheques Dishonor of cheques, non-refund of money.

• Where the Customer has selected the pay default option, the Bank may finally pay and charge to the Authorized Account any Exception Check, excluding checks presented for immediate payment as outlined in this Payment and Dishonor of Exception Checks section, provided that the Customer has not objected to such payment in a timely Pay/Return Request.

• Dishonor of drafts and Cheques given by Licensee in favour of MAHA-METRO.

• If the Fund does not furnish to IFTC a signature card with respect to a Shareholder whose name appears on a Draft received by IFTC or its Sub-Agent, IFTC shall have no duty whatsoever with respect to reviewing or comparing any signatures on such Draft, but shall, if the amount of such Draft equals or exceeds the $5,000 threshold set forth below, list such Draft on the "Notification of Proposed Dishonor" list provided by it to Fund pursuant to the provisions of section 6 below.

More Definitions of Dishonor

Dishonor of a letter of credit means failure

Dishonor means failure to make timely payment under a letter of credit.

Dishonor of a letter of credit means failure timely to honor or to take an interim action, such as acceptance of a draft, that may be required by the letter of credit. "Document" means a draft or other demand, document of title, investment security, certificate, invoice, or other record, statement, or representation of fact, law, right, or opinion (i) which is presented in a written or other medium permitted by the letter of credit or, unless prohibited by the letter of credit, by the standard practice referred to in § 57A-5-108(e) and (ii) which is capable of being examined for compliance with the terms and conditions of the letter of credit. A document may not be oral. "Good faith" means honesty in fact in the conduct or transaction concerned. "Honor" of a letter of credit means performance of the issuer's undertaking in the letter of credit to pay or deliver an item of value. Unless the letter of credit otherwise provides, "honor" occurs

Dishonor means an instrument or credit card is dishonored when it has been duly presented by the City and due acceptance or payment is refused or if presentment is excused and the instrument or credit card is not duly accepted or paid. Return of an instrument for lack of proper endorsement is not dishonor.

Dishonor means a financial institution that refuses to honor an instrument upon the presentation, and after preparing a memo stating the reason for rejection, returns the instrument, together with the above mentioned memo, to the holder of the instrument.

Dishonor means non-payment or non-acceptance of an instrument which was created according to this Law.