Stale definition

Stale dated” checks that are dated more than 6 months prior to the date of deposit.
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Stale. Financial Information. The selected financial information set forth below in Section 5 is as of June 30, 2007 and not September 30, 2007 as would normally be the case for a company whose Form 10 Registration Statement became effective under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Since the Form 10 did not become effective under the Exchange Act until November 25, 2007, the Borrower was not required to file a Quarterly Report on Form 10-QSB for the three and nine months ended September 30, 2007; and its next required filing will be its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2007, containing audited financial statements for the two fiscal years then ended. Accordingly, the Lenders will be making their investment decision to invest in the Borrower based upon what would normally be deemed to be “stale” financial statements. In the absence of reviewed financial statements for the three and nine months ended September 30, 2007, the Lenders will be relegated to relying upon the verbal assurance of the Borrower’s management that the Borrower’s financial condition has not materially degenerated during this period.
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Stale means Products and Authorized Products removed from the market on the appropriate color code or designated pick up date.
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Examples of Stale in a sentence

  • Stale Checks: We are not obligated to pay any Check drawn on your Account that is presented more than 6 months past its issue date; however, we have no liability to you or any other party to the instrument if we pay the Check in good faith.

  • Stale Checks and Postdated Checks If a stale-dated check, a check dated more than six months in the past, is presented for payment against your Account, we may pay the check and charge it to your Account.

  • Postdated and Stale Dated Drafts - You agree not to issue any check or draft that is payable on a future date (postdated).

  • Stale and Post-Dated Items: We maintain the option to pay or dishonor any stale draft or check (i.e., more than six months old) upon presentation.

  • To the extent any amounts in respect of Stale Receivables are collected from and after the Effective Time, Seller shall be entitled to receive such amounts from the Company Group and following Closing, Buyer will cause the Company Group to promptly pay to Seller any amounts collected by Buyer or the Company Group in respect of Stale Receivables following Closing.

  • In the event of invalidity of any provision of this Agreement, the parties agree that such invalidity shall not affect the validity of the remaining portions, The Agreement is governed by the laws of the State of Minnesota as applied to agreements between Minnesota residents entered into and to be performed entirely within Minnesota, and each party hereto submits to the exclusive jurisdiction of the Courts of that Stale.

  • Stale Grievance‌ A grievance shall be void unless filed in writing within fifteen (15) calendar days from the date upon which the City is alleged to have misinterpreted or misapplied this agreement, or with fifteen (15) calendar days from the time an employee might reasonably have been expected to have learned of the alleged misinterpretation or misapplication.

  • This Note and all actions arising out of or in connection with this Note shall be governed by and construed in accordance with the laws of the State of California without regard to the conflicts of law provisions of the Stale of California or of any other state.

  • Accordingly, to the extent that following the Closing Purchaser receives any revenue attributable to the Stale A/R, it shall promptly remit the same (net of any reasonable and documented out-of-pocket costs and expenses incurred by Purchaser in connection with the collection thereof) to Seller and such remittance shall constitute an adjustment to the Transaction Consideration.

  • Postdated and Stale dated Items: We may pay any check without regard to its date unless you notify us of a postdating.


More Definitions of Stale

Stale cheque in Sri Lanka means a cheque that is more than 6 months old after the date on which it was drawn.
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Stale presumably means “long standing.” That is a reason to cure this conflict, especially since the court below took the most radical position in this conflict by holding that there is no state action where a govern- ment and union agree that nonmembers have no voice or vote in their working conditions.
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Stale means the State of Texas.
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Stale means the State of Mizoram, and the wOld "State Lottery" shall be construed accordingly;
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Related to Stale

  • State Systems means the information technology infrastructure, including the computers, software, databases, electronic systems (including database management systems) and networks, of the State or any of its designees.

  • factory means any premises including the precincts thereof—

  • Cook means an employee who grills food on a salamander, stove, hot plate or barbecue type cooker and shall include preparing, frying or cooking fish or chicken or cooking pizzas.

  • New Mexico CANCELLATION section is amended as follows: If You are the original purchaser of this Agreement, You may return this Agreement and receive a refund if: (i) You have not made a claim under the Agreement; and (ii) You return this Agreement within twenty days after the date We mail You a copy of the Agreement or within ten days after You receive a copy of the Agreement if We furnish You with the copy at the time the Agreement is purchased. We may not cancel this Agreement without providing You with written notice at least fifteen (15) days prior to the effective date of cancellation. Such notice shall include the effective date of cancellation and the reason for cancellation. If this Agreement has been in force for a period of seventy (70) days, We may not cancel it before the expiration of the Agreement term or one (1) year, whichever occurs first, unless: 1) You fail to pay any amount due; 2) You are convicted of a crime which results in an increase in the service required under the Agreement; 3) You engage in fraud or material misrepresentation in obtaining this Agreement; or 4) You commit any act, omission, or violation of any terms of this Agreement after the effective date of this Agreement which substantially and materially increases the service required under this Agreement. A ten percent (10%) penalty per month (or each portion thereof) shall be applied to refunds not paid or credited within sixty (60) days of receipt of a returned Agreement.

  • AT&T SOUTH CAROLINA means the AT&T owned ILEC doing business in South Carolina.