Check Transactions Clause Samples

The Check Transactions clause defines the rules and procedures governing the processing and handling of checks within a financial or contractual relationship. It typically outlines how checks are to be presented, endorsed, and cleared, as well as the responsibilities of each party in verifying the validity and sufficiency of funds. For example, it may specify timelines for depositing checks, procedures for handling returned or dishonored checks, and liability for fraudulent or altered instruments. The core function of this clause is to ensure clarity and reduce disputes by establishing clear expectations and responsibilities regarding check-based payments.
Check Transactions. Checks can be used for, or may result in, the following Transactions: (i) Check writing capabilities; and (ii) Electronic Fund Transfers (e.g., certain Transactions via the Automated Clearing House).
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Check Transactions. You may authorize a merchant or other payee to make a one-time electronic payment from your Share Draft /Checking Account using information from your share draft / check (“E-Check”) to: (a) pay for purchases; or (b) pay bills. o Transfers from your accounts through our Online Banking Personal Computer Account Access System o Transfers from your accounts through our TOPS Audio Response System • AUTOMATED TELLER MACHINE (ATM) Transactions: o If you have an ATM/Debit Card, along with a PIN, you can use it to make any or all of the following transactions at an Automated Teller Machine. • Deposits to your Share Draft / Checking or Regular Share accounts; • Cash withdrawals from your Share Draft / Checking or Regular Share accounts up to your authorized limit; • Transfers (non-cash) from your Share Draft / Checking to your Regular Share account or from your Regular Share Account to your Share Draft / Checking account (some networks may not allow all transaction types); • Balance inquiries on your Share Draft / Checking, Regular Share or loan accounts. • POINT OF SALE Transactions: o Your Card may be used to purchase goods or services from merchants who have arranged to accept an ATM Card or a MasterCard Debit Card as a means of payment. If you have a Debit Card, it may be used to purchase goods and services from any merchant displaying a MasterCard logo. These merchants are collectively referred to as "Participating Merchants" and will display a logo or other symbol that identifies them as a merchant who will accept your Card. Purchases made with your Card, including any purchases where you receive cash back, are referred to as "point of sale transactions" or "POS" transactions. A POS transaction will cause your Share Draft / Checking account to be debited for the amount of the purchase. Only Share Draft / Checking accounts may be used in connection with POS transactions performed with your Card.
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Check Transactions. Subservicer and Servicer respectively hereby agree to undertake the following obligations related to the check writing privileges of Borrowers under the Mortgage Loan Documents for Mortgage Loans:
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Check Transactions. Per Check electronically processed Waived Per Order utilizing Print at Home or Mobile Delivery Waived Per Order utilizing Patron ID Card/Device Waived
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Check Transactions. The following provisions will apply to each Check issued:
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Related to Check Transactions

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.

  • Agency Cross Transactions From time to time, the Advisor or brokers or dealers affiliated with it may find themselves in a position to buy for certain of their brokerage clients (each an "Account") securities which the Advisor's investment advisory clients wish to sell, and to sell for certain of their brokerage clients securities which advisory clients wish to buy. Where one of the parties is an advisory client, the Advisor or the affiliated broker or dealer cannot participate in this type of transaction (known as a cross transaction) on behalf of an advisory client and retain commissions from one or both parties to the transaction without the advisory client's consent. This is because in a situation where the Advisor is making the investment decision (as opposed to a brokerage client who makes his own investment decisions), and the Advisor or an affiliate is receiving commissions from both sides of the transaction, there is a potential conflicting division of loyalties and responsibilities on the Advisor's part regarding the advisory client. The Securities and Exchange Commission has adopted a rule under the Investment Advisers Act of 1940, as amended, which permits the Advisor or its affiliates to participate on behalf of an Account in agency cross transactions if the advisory client has given written consent in advance. By execution of this Agreement, the Trust authorizes the Advisor or its affiliates to participate in agency cross transactions involving an Account. The Trust may revoke its consent at any time by written notice to the Advisor.

  • Sale-Leaseback Transactions Enter into any Sale Leaseback Transaction, except in connection with transactions that would be permitted under this Section 7.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Portfolio Transactions The Manager is authorized to select the brokers or dealers that will execute the purchases and sales of portfolio securities for the Portfolio and is directed to use its best efforts to obtain the best available prices and most favorable executions, except as prescribed herein. It is understood that the Manager will not be deemed to have acted unlawfully, or to have breached a fiduciary duty to the Fund or to the Portfolio, or be in breach of any obligation owing to the Fund or to the Portfolio under this Agreement, or otherwise, solely by reason of its having caused the Portfolio to pay a member of a securities exchange, a broker, or a dealer a commission for effecting a securities transaction for the Portfolio in excess of the amount of commission another member of an exchange, broker, or dealer would have charged if the Manager determines in good faith that the commission paid was reasonable in relation to the brokerage or research services provided by such member, broker, or dealer, viewed in terms of that particular transaction or the Manager’s overall responsibilities with respect to its accounts, including the Fund, as to which it exercises investment discretion. The Manager will promptly communicate to the officers and directors of the Fund such information relating to transactions for the Portfolio as they may reasonably request.