Common use of Drawer's Signatures Clause in Contracts

Drawer's Signatures. For an item in which the drawer's signature is missing, the Financial Institution will deposit it into the Deposit Account and affix a stamp requesting the drawee bank or other payor to contact the drawer for authority to pay the item.

Appears in 2 contracts

Sources: Pledge and Security Agreement (Tekoil & Gas Corp), Blocked Deposit Account Control Agreement (Tekoil & Gas Corp)

Drawer's Signatures. For an item in which the drawer's ’s signature is missing, the Financial Institution will deposit it into the Deposit Initial Concentration Account and affix a stamp requesting the drawee bank or other payor to contact the drawer for authority to pay the item.

Appears in 1 contract

Sources: Financing Agreement (NeurogesX Inc)

Drawer's Signatures. For an item in which the drawer's ’s signature is missing, the Financial Institution Bank will deposit it into the Deposit Account and affix a stamp requesting the drawee bank or other payor to contact the drawer for authority to pay the item.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Lennox International Inc)