Checks and Drafts Clause Samples
The "Checks and Drafts" clause governs the use and acceptance of checks, drafts, or similar negotiable instruments as a method of payment under the agreement. It typically outlines whether such instruments are considered valid forms of payment, any conditions or limitations on their use, and the point at which payment is deemed received (for example, upon clearance rather than upon delivery of the check). This clause ensures clarity in payment procedures and helps prevent disputes over when and how payments are officially recognized, thereby reducing the risk of misunderstandings or delayed payments.
POPULAR SAMPLE Copied 1 times
Checks and Drafts. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Corporation shall be signed by such officer or agent of the Corporation in such manner as shall from time to time be determined by the Board of Directors.
Checks and Drafts. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Company, shall be signed by such agent or agents of the Company and in such manner as shall from time to time be determined by the Managers.
Checks and Drafts. Checks and drafts of the Company shall be signed by such officer or officers or such other employees or persons as the Board of Directors may from time to time designate.
Checks and Drafts. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Trust shall be signed by such officer or agent of the Trust in such manner as shall from time to time be determined by the Board of Trustees.
Checks and Drafts. Seller shall honor (whether presented before, on, or after the Closing) all checks and drafts drawn by them on or prior to the Closing to pay trade payables and accrued expenses of the Business.
Checks and Drafts. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the Fund shall be signed by such officer or agent of the Fund in such manner as shall from time to time be determined by the Board of Directors.
Checks and Drafts. All checks, drafts, or other orders for the payment of money, notes, or other evidences of indebtedness issued in the name of the School shall be signed by such officer or officers, agent or agents of the School and in such a manner as shall be, from time to time, determined by resolution of the Board of Directors.
Checks and Drafts. All checks, drafts or orders for payment of money issued in the name of Corporation shall be signed by the Treasurer or President of the Corporation, and for purposes of control the Treasurer shall only disburse funds upon approval of the President or Vice-President.
Checks and Drafts. All checks, drafts or other orders for the payment of money, notes or other evidence of indebtedness issued in the name of the Corporation shall be signed by such Officer, employee or agent of the Corporation and in such manner as shall be determined by the Board of Directors or Global Executive Committee. In the absence of such determination by the Board of Directors or Global Executive Committee, such instruments shall be signed by the Treasurer of the Corporation.
Checks and Drafts. All checks, drafts or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the corporation shall be signed by such