Returned Cheques Clause Samples

The Returned Cheques clause outlines the procedures and consequences when a cheque issued as payment is not honored by the bank and is returned. Typically, this clause specifies the actions the payee may take, such as charging a fee for each returned cheque or requiring future payments to be made by alternative methods like cash or certified funds. Its core function is to protect the payee from the inconvenience and financial risk associated with bounced cheques, ensuring prompt and reliable payment.
Returned Cheques. In consideration of the Bank allowing me/us to pay for purchases by cheque(s) I/we hereby agree that in the event any cheque is dishonoured for whatever reason, the Bank shall have the right at the Bank‟s absolute discretion (but shall not be obliged to) without prior notice to me/us to buy back from me/us the gold so purchased at the Bank‟s selling price on the day the said purchase(s) were made/or the Bank‟s buying price on the day the Bank exercised the Bank‟s right to buy back the gold, whichever price is the lower. Any loss suffered by the Bank in this connection shall be a debt due and owing from me/us to the Bank and recoverable as such while any gains made will be forfeited to the Bank and I/we agree not to make any claim in respect thereof.
Returned Cheques. For any Settlement Cheque returned to the Settlement Administrator as undeliverable (including, but not limited to, when the intended recipient is no longer located at the address), the Settlement Administrator shall make reasonable efforts to locate a valid address and resend the Settlement payment within thirty (30) days after the Settlement Cheque is returned to the Settlement Administrator as undeliverable. In attempting to locate a valid address, the Settlement Administer is authorized to send by mail and if available an e-mail and/or place a telephone call to that Settlement Class Member to obtain updated address information. Any replacement Settlement Cheques issued to Settlement Class Members shall remain valid and negotiable for sixty (60) days from the date of their issuance and may thereafter automatically be canceled if not cashed by the Settlement Class Members within that time.
Returned Cheques. A service charge of Fifty ($50.00) Dollars will apply for any cheques provided by the Resident to SJU returned as "NSF" (Not Sufficient Funds). Settlement of the Residents account must then be made in cash or by certified cheque by the Resident.
Returned Cheques. In the event your bank returns a cheque for insufficient funds, MAPLE ORGANICS will contact you to obtain a credit or debit card to cover the payment. A $50 returned-cheque fee will be added to the order amount. MAPLE ORGANICS reserves the right to require that future orders are paid by credit card, money order, or cashier’s cheque. Any unresolved or outstanding balance owed MAPLE ORGANICS will be withheld from your bonus and commission cheques.
Returned Cheques. In the event of Tenant Rental Cheques Returned by the bank, if any, for insufficient funds or for any other reason, then the (A) AED 1000 as a penalty will be applicable when cheque gets dishonored. In addition to this, 0.5% of the cheque amount will be charged after 7 Days and will add 0.5% of additional charges will be charged every passing week and will go upto 20% of the cheque amount (B) Maximum, within Seven Working Days of the Date when the Tenant is notified of the Returned Cheque, the cheque needs to be honored. (C) Regardless of any request letters, mails or phone calls from the Tenant to hold the return cheque, the Landlord will present the returned cheque, latest after 7 working days from initial returned date. Note: With signing of this Tenancy Agreement, the Tenant agrees and confirms that – there will be no negotiations or discussions applicable with regard to Non-Compliance of Clause# 12 (i.e. Returned Cheques).
Returned Cheques. If a rent payment cheque is returned by your bank for any reason, an administration charge of $25 plus actual costs are due immediately together with the above-noted late payment charges. The replacement payment must be made by certified cheque or money order. You agree that the Rented Premises will be occupied by the following persons only: Paragraphs 1 through 31 of this Lease are an integral part of this Lease and are contained on subsequent pages. Each Resident and/or Leaseholder, having read all paragraphs and having received a copy of this Lease including a copy of the Rules and Regulations attached to the Lease, agrees to be bound by each paragraph.
Returned Cheques. All cheques returned by a IBD’s bank for insufficient funds will be replaced for payment. A RM50 returned cheques fee will be charged to the account of the IBD. After receiving a returned cheques from an IBD, all future orders must be paid by online transfer or cash deposit. Any outstanding balance owed to The Company by a IBD due to non-sufficient fund cheques and returned cheques fees will be
Returned Cheques. There is a $50.00 per cheque fee for all returned cheques.

Related to Returned Cheques

  • Returned Checks In the event that a check intended as payment for Rent is dishonoured for whatever reason, the same shall be considered as Late Rent with the late fee being payable on the same.

  • Returned Check Charge A Customer whose payment by check is returned for insufficient funds, or is otherwise not processed for payment, will be subject to a returned check charge. Such charge will be applicable on each occasion when a check is returned or not processed. If the returned check was for a combined interstate and international balance, only a single returned check charge will apply.

  • RETURNED CHECKS (NON-SUFFICIENT FUNDS) If the Tenant pays the Rent with a check that bounces due to insufficient funds: (check one)

  • Returned Items You are solely responsible for any Item for which you have been given provisional credit, and any such Item that is returned or rejected may be charged to your Account. You acknowledge that all credits received for deposits made through the Service are provisional, subject to verification and final settlement. Any Item that we return to you will be returned in the form of an Image or an IRD.

  • Returned Goods When the use of this Agreement involves the purchase of goods, the following applies: Returned goods, when due to Contractor error (i.e., over-shipment, defective merchandise, unapproved substitution, etc.), shall be returned to the Contractor at the Contractor’s expense. The Contractor shall make arrangements to remove the returned goods from the Ordering Agency premises within seven (7) calendar days after notification. The Contractor shall not apply any restocking or other charges to the Ordering Agency. At the option of the Ordering Agency, replacement items may be accepted and will be shipped within seven (7) calendar days of notification. Failure of the Contractor to arrange for return of the items within the specified time will result in the items being deemed as abandoned property and the Ordering Agency will dispose of accordingly. For orders of custom manufactured items, the Contractor must provide a production sample of the item to the Ordering Agency for acceptance. The production sample must be identical to the item to be provided. The Ordering Agency will provide written acceptance of the item prior to the Contractor continuing with production. Once delivery and acceptance has been completed and the Ordering Agency determines for any reason that any remaining quantities will not be used, the agency may request the return of the custom manufactured items. Acceptance of the return of custom manufactured items will be at the option of the Contractor. Failure of the Contractor to provide a production sample and obtain written approval from the Ordering Agency will result in the Contractor bearing all responsibility and costs associated with the return of these goods. Returned goods of regular catalog stock merchandise, when due to agency error (i.e., over purchase, discontinued use, inventory reduction, etc.) will be accepted by the Contractor if notice is given by the Ordering Agency within six (6) months of delivery and acceptance. All items to be returned must be unused and in their original containers and in suitable condition for resale. Return of regular stock catalog merchandise, when delivery and acceptance exceed six (6) months will be at the option of the Contractor.