Stale Checks definition

Stale Checks means any checks issued by, or for the account of, the Warner Businesses prior to January 1, 2002 and not presented for payment prior to the Closing Date.”
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Stale Checks. The Bank, in its sole discretion, may elect to pay or dishonor a check that is more than six (6) months old without prior notice to you.
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Examples of Stale Checks 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.

  • Stale Checks: Payment of checks that are more than six months old may be rejected by the Bank, but the Bank is not required to dishonor such a check.

  • Stale Checks: The same rules governing stale checks for checking accounts apply to any accounts accessed by check or draft.

  • Stale Checks – We may in our sole discretion, pay or dishonor a check that is drawn on your account and is presented to us more than six months after its date, unless it is a certified check.

  • Stop Payment Orders; Stale Checks; Order of Payment - The Credit Union will not be required to honor any stop payment orders on Items unless the order precisely identifies the date, Item (check) number, payee and amount of the Item, and unless notice of the stop payment is received by the Credit Union (during normal business hours) at least 4 hours prior to the time that the Item is presented for payment.

  • We may charge against your Account a check dated after the date it is presented (a postdated check), unless you give sufficient Stale Checks.

  • Section 13.1(e)(ii) Stale Checks................................................

  • Section 13.1(e)(ii) Stale Checks...........................................

  • Seller shall reimburse Purchaser for all amounts paid by the Warner Businesses in respect of Stale Checks presented for payment after the Closing Date.