Wrongful Dishonor definition

Wrongful Dishonor means an uncured default by the Liquidity Provider of its obligations to honor a drawing as required pursuant to the terms of the applicable Liquidity Facility.

Wrongful Dishonor means the failure of the Credit Facility Provider to honor a draw made in accordance with the terms of the Credit Facility (which draw strictly complies with, and conforms to, the terms and conditions of the Credit Facility).

Wrongful Dishonor means (i) an uncured and willful default by the Credit Issuer, or (ii) an uncured default resulting from the gross negligence of the Credit Issuer, in each case, of its obligations to honor a drawing as required pursuant to the terms of the Credit Facility and the Credit Agreement.

Examples of Wrongful Dishonor in a sentence

• In further support of count II, Wrongful Dishonor, Matex invokes the International Chambersof Commerce’s Uniform Custom and Practice for Documentary Credits (“UCP”)1 Article 14(b), which provides that “the issuing bank shall .

• This would be possible by analyzing the history of vessels behavior as well as the current situation and defining a probability threshold to omit the anomalies that have a lower probability than the threshold.

• Prior to the Conversion Date and so long as no Construction Wrongful Dishonor is in existence, any provision of this Agreement (i) requiring the consent of Freddie Mac shall also require the consent of the Construction Phase Credit Facility Provider and (ii) permitting Freddie Mac to provide direction to the Trustee shall require the consent of the Construction Phase Credit Facility Provider.

• H Insuring Agreement H: Stop Payment Orders or Wrongful Dishonor of Checks Legal Liability Indemnifies the Insured for legally imposed damages as the result of compliance or failure to comply with any notice to stop pay, refusal to pay, or failure to give proper notice to dishonor.

• Consequences Of Wrongful Dishonor Of Cheques A banker has the statutory obligation to honour his customer’s cheques unless there are valid reasons for refusing payments of the same.

More Definitions of Wrongful Dishonor

Wrongful Dishonor means (i) an uncured and willful default by the Credit Facility Provider, or (ii) an uncured default resulting from the gross negligence of the Credit Facility Provider, in each case, of its obligations to honor a request for payment or a drawing made in accordance with the terms of the Credit Facility.

Wrongful Dishonor. If we mistakenly dishonor an item, we will be liable only for damages proximately caused by the wrongful dishonor of the item. TRANSFERS: Funds will be automatically transferred from your savings account to cover overdrafts, unless you requested otherwise, if funds are available and you are within the 6 allowed monthly per transfer limitation; otherwise, the checks may be returned for non- sufficient funds.

Wrongful Dishonor means the failure of Freddie Mac to honor a draw made in accordance with the terms of the Credit Enhancement Agreement (which draw strictly complies with, and conforms to, the terms and conditions of the Credit Enhancement Agreement).

Wrongful Dishonor means an uncured default by the Credit Issuer of its obligations to honor a drawing as required pursuant to the terms of the Credit Facility and the Credit Agreement.

Wrongful Dishonor means (i) an uncured and willful default by the Credit Facility Provider, or (ii) an uncured default resulting from the gross negligence of the Credit Facility Provider, in each case, of its obligations to honor (a) as to the Initial Credit Facility Provider, a request for payment made in accordance with the terms of the Initial Credit Facility or (b) as to any other Credit Facility Provider, a drawing as required pursuant to the terms of the Alternate Security.

Wrongful Dishonor means a failure by the Bank to honor any drawing made and presented pursuant to and in strict compliance with the Letter of Credit. The pledge of Mortgage Note A and the Leasehold Note and the pledge of the

Wrongful Dishonor. If we dishonor an item by mistake, our liability is limited to actual damages proved. The Credit Union retains the right to pay or dishonor a check more than six (6) months old without prior notice to the member. The Credit Union retains the right to disregard information on the check other than the identification of the payor, payable through bank, payee, and the amount. Statements: The Credit Union will mail statements monthly to the member. You are responsible for promptly notifying us of any address or name change. You are expected to examine the statements carefully and reconcile the account. If there are any discrepancies, the Credit Union should be notified immediately, as the statement is considered correct unless the Credit Union is notified of any errors within sixty (60) days after you receive the statement. If you have agreed to receive notices electronically we may send you notices electronically and discontinue mailing paper notices to you until you notify us that you wish to reinstate receiving paper notices.