Paper Cheques definition

Paper Cheques means paper cheques, demand drafts, cashier’s orders, dividend warrants, remittance advices, travellers’ cheques, gift cheques and negotiable instruments drawn on Members who are members of the Association to be cleared and settled through CHATS on a bulk clearing basis as provided by these Clearing House Rules, and includes GD Cheques; and where the context so admits includes the front and reverse of such documents and for the avoidance of doubt excludes e-Cheques.
Sample 1Sample 2Sample 3
Paper Cheques means paper cheques, demand drafts, cashier’s orders, dividend warrants, remittance advices, travellers’ cheques, gift cheques and negotiable instruments drawn on Members who are members of the
Sample 1

Examples of Paper Cheques in a sentence

  • This rule shall not apply to the production of images of Paper Cheques by HKICL for Group B Members in accordance with the Operating Procedures.

  • Group A Members who have given such notice may by 60 days’ prior notice in writing to HKICL revert to exchange of Paper Cheques through the Clearing House in accordance with Rule 7.5.1. All such notices must be given on behalf of all the Group A Members participating in the same exchange arrangement.

  • All Paper Cheques which have been delivered by Group B Members for the purpose of clearing pursuant to Rule 7.5.1(a) shall as evidence of such delivery and clearing be impressed by HKICL with a stamp on the reverse with the word “Clearing”, the date of presentation and the name of HKICL.

  • Group A Members who exchange Paper Cheques among themselves in the manner contemplated by this Rule shall ensure that each Paper Cheque that is cleared pursuant to an exchange among themselves in the manner contemplated by this Rule shall bear a notation with the word “clearing” and stating the date of presentation.

  • LICENSOR agrees to indemnify LICENSEE and hold LICENSEE harmless from and against any and all liabilities, losses and expenses arising from (i) any breach of LICENSOR’s representations and warranties set forth herein; and (ii) any claims of infringement raised by third parties as to the Technology or Licensed Patents.

  • All Paper Cheques to be cleared and where appropriate images of Paper Cheques should be properly endorsed before being sent to the Clearing House.

  • In order to identify the presenting Member, all Paper Cheques must be enfaced by the relevant presenting Member with a crossing stamp bearing the presenting Member’s name.

  • In relation to GD Cheques or Paper Cheques payable by or to GD Banks, references in these Rules to amounts payable by or to a Member where that Member is a GD Agent include references to the amounts payable by or to the relevant GD Banks (which amounts shall be paid by or to the relevant GD Agent).

  • In relation to Paper Cheques payable to GD Banks, references in these Rules to the presenting Member are references to the relevant GD Agent.

  • Paper Cheques collected from MC Banks shall be presented to HKICL by the MC Agent.

Related to Paper Cheques

  • Trade Instruments means any performance bonds, or advance payment bonds or documentary letters of credit issued in respect of the obligations of any member of the Group arising in the ordinary course of trading of that member of the Group.

  • Intercompany Loan shall have the meaning provided in Section 8.05(g).

  • Existing source or existing discharger (in the NPDES program) means any source which is not a new source or new discharger.

  • Paper means newspaper, high grade office paper, fine paper, bond paper, offset paper, xerographic paper, duplicator paper and related types of cellulosic material containing not more than ten per cent by weight or volume of noncellulosic material such as laminates, binders, coatings or saturants.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Cash Equivalents means any of the following types of Investments, to the extent owned by the Borrower or any of its Subsidiaries free and clear of all Liens (other than Permitted Liens):

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Cash and Cash Equivalents means the cash and cash equivalents, including checks, money orders, marketable securities, short-term instruments, negotiable instruments, funds in time and demand deposits or similar accounts on hand, in lock boxes, in financial institutions or elsewhere, together with all accrued but unpaid interest thereon, and all bank, brokerage or other similar accounts.

  • Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services.

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • Eligible Instruments means monetary assets, money market instruments and securities that are payable in Dollars only and essentially risk free as to collection of principal and interest, including U.S. Government Obligations.

  • Escrow Obligations means (a) Government Obligations, (b) certificates of deposit issued by a bank or trust company which are (1) fully insured by the Federal Deposit Insurance Corporation or similar corporation chartered by the United States or (2) secured by a pledge of any Government Obligations having an aggregate market value, exclusive of accrued interest, equal at least to the principal amount of the certificates so secured, which security is held in a custody account by a custodian satisfactory to the Registrar or the Registrar, as the case may be, or (c)(1) evidences of a direct ownership in future interest or principal on Government Obligations, which Government Obligations are held in a custody account by a custodian satisfactory to the Registrar pursuant to the terms of a custody agreement in form and substance acceptable to the Registrar and (2) obligations issued by any state of the United States or any political subdivision, public instrumentality or public authority of any state, which obligations are fully secured by and payable solely from Government Obligations, which Government Obligations are held pursuant to an agreement in form and substance acceptable to the Registrar and, in any such case, maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient money to make the payment secured thereby.

  • Cards means either a Visa, MasterCard, Discover or American Express credit card, debit card (or other similar card that requires a PIN for identification purposes), or pre-paid, stored-value or gift card.

  • Contract Obligations means all contractual obligations of a Pledgor under the Call Option Agreement and Proxy Agreement; all contractual obligations of a Target Company under the Exclusive Service Agreement, Call Option Agreement, Proxy Agreement; and all contractual obligations of a Pledgor under this Agreement.

  • Intercompany Loans shall have the meaning provided in Section 10.05(h).

  • Supporting Obligation means a letter-of-credit right or secondary obligation that supports the payment or performance of an account, chattel paper, a document, a general intangible, an instrument, or investment property.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Payment Intangibles “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

  • Petty Cash means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.

  • Management Accounts Date means 30 September 2023;

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Annual Accounts means the accounts of the licensee prepared in accordance with the provisions of the Companies Act, 1956 and/or in such other manner as may be directed by the Commission in terms of the provisions of the Act;