Common use of Postdated Items Clause in Contracts

Postdated Items. Unless otherwise required by law, we reserve the right to honor or dishonor postdated items. An item is postdated if it is dated after the date it is presented for payment. We will not be liable for any damages resulting from payment or dishonor of a postdated item presented for payment before the date of the item.

Appears in 2 contracts

Sources: Deposit Agreement, Deposit Agreement

Postdated Items. Unless otherwise Unlessotherwise required by law, we reserve the right to honor or dishonor postdated items. An item is postdated if it is dated after the date it is presented for payment. We will not willnot be liable for any damages resulting from payment or dishonor of a postdated item presented ordishonorofapostdated itempresented for payment before the date thedate of the itemtheitem.

Appears in 1 contract

Sources: Deposit Agreement