Unsigned Checks Sample Clauses

The Unsigned Checks clause establishes the policy or consequences regarding checks that are issued without a valid signature. In practice, this clause typically states that any check lacking an authorized signature will not be honored or processed by the receiving bank or party, and may be returned to the issuer. This provision helps prevent unauthorized or fraudulent payments, ensuring that only properly authorized transactions are completed and reducing the risk of financial errors or losses.
Unsigned Checks. Checks that do not bear the drawer’s signature and are not a traveler’s check, money order, or other universal item that includes the drawer’s signature. In any event, the Bank will not review checks to match the drawer’s signature(s) and therefore all such checks with signatures will be processed, unless otherwise unprocessable, and you agree to indemnify, defend, or hold harmless the Bank, the drawee bank, and any intervening collecting bank against any claim resulting from the Bank having processed the check.
View SourceView Similar (8)

Related to Unsigned Checks

  • 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.

  • Background Checks The State may require that the Contractor and Contractor Parties undergo criminal background checks as provided for in the State of Connecticut Department of Emergency Services and Public Protection Administration and Operations Manual or such other State document as governs procedures for background checks. The Contractor and Contractor Parties shall cooperate fully as necessary or reasonably requested with the State and its agents in connection with such background checks.

  • Invoices Each invoice or pay request shall include the TIPS Member’s purchase order number or other identifying designation as provided in the order by the TIPS Member. If applicable, the shipment tracking number or pertinent information for verification of TIPS Member receipt shall be made available upon request.

  • Dishonored Checks The Transfer Agent may receive any fees reasonably related to the cost incurred by the Transfer Agent when a shareholder purchases shares by check and the purchase is subsequently canceled because the check was dishonored by the shareholder’s bank.

  • Payment of Checks, Drafts and Orders Subject to Section 9.5, the Assuming Institution agrees to pay all properly drawn checks, drafts and withdrawal orders of depositors of the Failed Bank presented for payment, whether drawn on the check or draft forms provided by the Failed Bank or by the Assuming Institution, to the extent that the Deposit balances to the credit of the respective makers or drawers assumed by the Assuming Institution under this Agreement are sufficient to permit the payment thereof, and in all other respects to discharge, in the usual course of conducting a banking business, the duties and obligations of the Failed Bank with respect to the Deposit balances due and owing to the depositors of the Failed Bank assumed by the Assuming Institution under this Agreement.