Common use of Acceptance of the Instruments Clause in Contracts

Acceptance of the Instruments. (1) If the Bank accepts checks or other Instruments, the Bank shall treat the date on which such Instruments are settled as the deposit date. (2) If the Instrument accepted becomes dishonored, the Bank shall not treat it as a deposit. The Instrument so dishonored shall be returned by the office which the relevant customer deals with.

Appears in 5 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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Acceptance of the Instruments. (1) If the Bank accepts checks or other Instruments, the Bank shall treat the date on which such Instruments are settled as the deposit date. (2) If the Instrument accepted becomes dishonored, the Bank shall not treat it as a deposit. The Instrument instrument so dishonored shall be returned by the office which the relevant customer deals with.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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