Holder in due course definition

Holder in due course means any person who for consideration became the possessor of a promissory note, bill of exchange or cheque if payable to bearer, or the payee or indorsee thereof, if payable to order, before the amount mentioned in it became payable, and without having sufficient cause to believe that any defect existed in the title of the person from whom he derived his title.”

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Holder in due course means the holder of an instrument if:

Holder in due course means any person who for consideration becomes the possessor of a negotiable instrument if payable to bearer, or the payee or indorsee thereof if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that any defect existed in the title of the person from whom he derived his title (Sec. 9). Thus, in order to be called a ‘holder in due course’ a person must possess the following specifications:

Examples of Holder in due course in a sentence

• Any adjustment in timings will be communicated to the Ticket Holder in due course.

• If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding unless and until the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a Holder in due course.

• If no successor Trustee shall have been so appointed by the Issuer or by the Holders of Notes or pursuant to Section 6.09(b) and shall have accepted appointment in the manner hereinafter provided in Section 6.10, any Holder of a Note who has been a Holder in due course of a Note for at least six months may, subject to Section 5.13, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee.

• Holder in due course : A person who receives a Negotiable Instrument for value, before it was due and in good faith, without notice of any defect in it, he is called holder in due course as per Negotiable Instrument Act.

• Each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of every such Holder in due course, and every such Holder in due course shall acquire absolute title hereto and to all rights represented hereby.

More Definitions of Holder in due course

Holder in due course means the holder of an instrument if both of the following apply:

Holder in due course means any person who for consideration becomes the possessor of a negotiable instrument if payable to bearer, or the payee or indorsee thereof if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that

Holder in due course means the holder of an instrument if all of the following apply:

Holder in due course. .—”Holder in due course” means any person who for consideration became the possessor of a

Holder in due course means the holder of an instrument if * * *

Holder in due course. --- "Holder in due course" means any person who for consideration becomes the possessor of a promissory note, bill of exchange or cheque if payable to bearer, or the payee or endorsee thereof, if payable to order, before it became overdue, without notice that the title of the person from whom he derived his own title was defective.

Holder in due course that 'h older in due course' means any person who for consideration became the possessor of a promissory note, bill of exchange or cheque if payable to bearer. The deceased Dhairyasheel Rao Desmukh was