Common use of Dishonored Check or Draft Clause in Contracts

Dishonored Check or Draft. If Concessionaire delivers a dishonored check or draft to Authority in payment of any obligation arising under this Agreement, Concessionaire shall incur and pay a service charge in the amount established by Authority from time to time. In such event, Authority may require that future payments be made by cashier’s check or other means acceptable to Authority.

Appears in 2 contracts

Sources: Lease and Concession Agreement, Concession Agreement

Dishonored Check or Draft. If Concessionaire delivers a dishonored check or draft to Authority in payment of any obligation arising under this Agreement, Concessionaire shall incur and pay a reasonable service charge in the amount established by Authority from time to time. In such event, Authority may require that future payments be made by cashier’s 's check or other means acceptable to Authority.

Appears in 1 contract

Sources: Automated Teller Machine Concession Agreement