Post Dated Cheques definition

Post Dated Cheques. (“PDC”) means the cheques issued by the Borrower in favour of the Lender for repayment of the Loan along with accrued interest.
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Post Dated Cheques. “PDCs” means the cheques issued by the Borrower(s) as per the terms of the Disbursement Letter for Repayment of the Amounts Due payable for the discharge of the obligations of the Borrower(s);
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Post Dated Cheques. (PDCs) shall mean the cheques issued by the Borrower to match the due date of each installment.
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Examples of Post Dated Cheques in a sentence

  • In case of change of authorised signatory of the Borrower, we undertake to replace the cheques appropriately and in the event of non- replacement of the cheques before the due dates, we undertake to honour the Post Dated Cheques.

  • If the Borrower fails to deliver Post Dated Cheques in accordance with the terms of this Agreement.

  • The Borrower shall if required by the Bank shall provide and execute Guarantee/s, Security, necessary documents, writings and hand over Post Dated Cheques, if required by the Bank.

  • Upon clearance of 12 Post Dated Cheques, the Customer needs to issue another set of 12 PDC’s for the continuation of subscription.

  • Schedule of Post Dated Cheques: 2006/2007 October 31 $2676 January 31 $2676 November 30 $2676 February 29 $2676 December 31 $2676 March 31 $2679 This arrangement for Post Dated Cheques will continue for the 2007/08 season and include and rate increase.

  • The Subscription Fee shall be paid by the Customer in advance thru BDO or BPI Bank Direct Debit or issuance of 12 Post Dated Cheques before the start of the subscription but are subject for approval first from the Service Provider’s Credit Department.

  • TENANT INFORMATION Name: Company Name: Mailing Address: E-mail: Phone no: Alt Phone no: Driver License: Total Paid: $ Damage Deposit: $ First Month: $ Post Dated Cheque(s): I, ACKNOWLEDGE THAT I HAVE READ THE ABOVE AGREEMENT AND THAT I HAVE NOT ALTERED THE AGREEMENT AND AGREE TO ITS TERMS CONTAINED.

  • The Tenant agrees that the Landlord is not in any way liable, directly or indirectly, for loss of or damage to the units or the contents in the units, off the premises of TENANT Information Name: Company Name: Mailing Address: email: Phone #: Alt Phone #: Driver License #: Total Paid: Damage Deposit: $ First Month: $ Post Dated Cheque(s): Notes: I, ACKNOWLEDGE THAT I HAVE READ THE ABOVE AGREEMENT AND THAT I HAVE NOT ALTERED THE AGREEMENT AND AGREE TO ITS TERMS CONTAINED.

  • TENANT Information Name: Company Name: Mailing Address: email: Phone #: Alt Phone #: Driver License #: Total Paid: Damage Deposit: $ First Month: $ Post Dated Cheque(s): Notes: I, ACKNOWLEDGE THAT I HAVE READ THE ABOVE AGREEMENT AND THAT I HAVE NOT ALTERED THE AGREEMENT AND AGREE TO ITS TERMS CONTAINED.

  • The repayment shall be either by way of Post Dated Cheques (PDC) or by Electronic Clearance System Mandate (ECS) or National Automated Clearing House Mandate (NACH) / Standing Instructions (SI) or any other accepted modes of transfer of funds permitted under the Indian banking system, to the Bank on the due dates.


More Definitions of Post Dated Cheques

Post Dated Cheques or “PDCs” means cheque(s) to be issued by the Borrower in favour of the Security Trustee as security for the Loan, as specified in the Facility Letter; in such event, the provisions of Schedule B hereto will apply;
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Related to Post Dated Cheques

  • Eligible Expense means the lesser of the reasonable, customary, usual, fair market value charge for a covered service or the provider's actual charge.

  • Collective agreement year means each twelve (12) month period commencing on the first day of the renewed collective agreement. For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.

  • Payment Year The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

  • Earnable compensation means the full rate of the

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Service credit year means an accumulation of months of

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Agreement Year means the period of twelve months beginning on the last date of execution of this Agreement or any anniversary thereof;

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Leave Year means the period during which the Agency Worker accrues and may take statutory leave commencing on the date that the Agency Worker starts an Assignment or a series of Assignments;

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.