Negotiable Instruments definition

Negotiable Instruments means the bills of exchange and/or the promissory notes, as they are identified in the Discounting Agreement executed for the enforcement of a Framework Discounting Agreement or a Multiproduct Credit Facility Agreement.

Negotiable Instruments means legal documents that represent money and that can be legally transferred in title from one person to another.

Negotiable Instruments means all securities, instruments or contracts, including any note, stock, bond, debenture, evidence of indebtedness, share or other equity or debt security, representing either money or property, but does not include Money.

Examples of Negotiable Instruments in a sentence

• The borrower shall not be entitled to call upon the Bank to refrain from presenting any cheque for payment and if the borrower does so, the Bank shall nevertheless be entitled to present the cheque for payment and in the event of dishonour the provisions under Chapter XVII of the Negotiable Instruments Act, 1881 shall apply.

• Further, in case of dishonour of cheque(s), the parties agree that the Delhi courts alone shall have the exclusive jurisdiction to try cases under section 138 of the Negotiable Instruments Act, 1881.

• Intimation/Reminders/Notice(s) are given to customer prior to initiating steps for recovery of overdues, under the Negotiable Instruments Act, Civil Suit as well as under the SARFAESI Act.

• Moreover, if the default persists the loan account may be declared as Non-Performing Asset, a notice recalling the entire outstanding amount shall be issued and suitable action for the recovery of outstanding dues may be initiated under section 138 of Negotiable Instruments Act, SARFAESI Act and or any other laws as WEHFL may decide on case to case basis.

• There is no event or circumstance representing a default of the obligations under the agreements on the basis of which the Negotiable Instruments were issued.

More Definitions of Negotiable Instruments

Negotiable Instruments means cash and all negotiable instruments including, without limitation, promissory notes, cheques, drafts and bills of exchange;

Negotiable Instruments means all "negotiable instruments" as such term is defined in the Code, now owned or hereafter acquired by the Borrower, wherever located.

Negotiable Instruments means a Promissory Note and Bill of Exchange.

Negotiable Instruments means the bills of exchange and / or promissory notes which may represent the object of the endorsement under an Endorsement facility or the object of discounting under a Discounting Facility for Negotiable Instruments or the object of forfaiting operations. Material Adverse Effect means a material adverse effect on: (i) the ability of any Debtor to perform or comply with its payment obligations under the Financing Documents to which it is a party; or (ii) the legality, validity, enforceability and binding nature of any Financing Documents or the rights and remedies of the Bank under the Financing Documents. EURIBOR means, in relation to any Credit Facility in euro: (a) the applicable Screen Rate; or (b) (if no Screen Rate is available for that interest period) the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Bank at its request and quoted by the Reference Banks to leading banks in the European interbank market, in both cases on the Interest Determination Date for the offering of deposits in euro for a period comparable to that interest period. If any of the rates applicable as per the above is less than zero, the value of EURIBOR shall be deemed to be zero. Guarantee Facility means a facility for issuance of Guarantee Instruments made available to the Borrower by the Bank in accordance with Chapter 7 (Special provisions – Guarantee Facility) hereof.

Negotiable Instruments and California Uniform Commercial Code Division 4 – “Bank Deposits and Collections.”

Negotiable Instruments. “Noncash Proceeds”; “Payment Intangibles”; Promissory Notes”; Securities”; Securities Accounts”; “Securities Entitlements”; Software”; “Tangible Chattel Paper” and “Uncertificated Securities” shall each have the meaning set forth in the UCC.

Negotiable Instruments means all bills of exchange, promissory notes and other negotiable instruments of any description beneficially owned by XCE (but excluding any Investments).