Presentment Clause Samples
The Presentment clause defines the process by which a negotiable instrument, such as a check or promissory note, must be formally shown or presented to the party responsible for payment or acceptance. In practice, this involves delivering the instrument to the drawee or maker at a specified time and place, often within a certain period after its issuance or maturity. The clause ensures that the party liable for payment is properly notified and given the opportunity to fulfill their obligation, thereby protecting the rights of both the holder and the payer and reducing disputes over whether payment was properly demanded.
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Presentment. The manner in which the items are cleared, presented for payment, and collected shall be in Peoples Bank’s sole discretion subject to the Account Agreement governing your account.
Presentment. The Global Agent shall pay any amounts due on Definitive Notes at the maturity thereof or upon early redemption solely upon presentment. The Global Agent may, without liability to the Issuer, refuse to pay any Note that would result in an overdraft to the account in which the Global Agent holds funds for the payment of the Notes.
Presentment. Except as set forth herein, the Maker waives presentment, demand and presentation for payment, notice of nonpayment and dishonor, protest and notice of protest and expressly agrees that this Note or any payment hereunder may be extended from time to time by the Payee without in any way affecting the liability of the Maker.
Presentment. The manner in which the items are cleared, presented for payment, and collected shall be in Credit Union’s sole discretion subject to the Member Services Agreement governing your account.
Presentment. The manner in which the Images are cleared, presented for payment, and collected shall be in the Bank's sole discretion subject to applicable law and the Account Agreement. The Bank, in its sole discretion, shall select the clearing agents used to collect and present the Images, and the Bank's selection of the clearing agents shall be considered to have been designated by you.
Presentment. Prior to due presentment of this Warrant together with a completed assignment form attached hereto for registration of transfer, the Company may deem and treat the Holder as the absolute owner of the Warrant, notwithstanding any notation of ownership or other writing thereon, for the purpose of any exercise thereof and for all other purposes, and the Company shall not be affected by any notice to the contrary.
Presentment. The manner in which the checks and items are cleared, presented (or re-presented) for payment, and collected shall be in the Bank’s sole discretion as set forth in the relevant deposit account agreement governing your deposit account.
Presentment. The Debtor hereby expressly waives presentment, protest and notice of dishonour of this Debenture. Any failure or omission by the Agent to present this Debenture for payment, protest or provide notice of dishonour will not invalidate or adversely affect in any way any demand for payment or enforcement proceeding taken under this Debenture.
Presentment. The manner in which the items are cleared, presented for payment, and collected shall be at NDCCU’s sole discretion subject to the Membership and Account Agreement and other disclosures governing youraccount.
Presentment. The manner in which the items are cleared, presented for payment, and collected shall be First State Bank of ▇▇▇▇▇▇ ’s sole discretion subject to the Account Agreement and Disclosure governing this account.