Security Cheques definition

Security Cheques means the cheques drawn by the Borrower in favour of the Bank, for making payments of the Outstandings (including without limitation PEMII(s) and EMI(s)).
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Examples of Security Cheques in a sentence

  • No. Security Cheques No. of Cheques Amount (OMR) Description / Remarks 1 ةدملا لماكل ةرجلأل نامض كيش ةخرؤم ريغ نامض تاكيش One security cheque for the whole tenure’s rental Undated Security Cheques S.

  • The dishonour of the Security Cheques on first presentation shall constitute an Event of Default.