Common use of Cheque Protection Facility Clause in Contracts

Cheque Protection Facility. (i) The Cheque Protection facility (by way of cheque issuance of up to RM500): • is an overnight excess allowed by the Bank; • must be regularised by the end of the next banking day; • is subject to the Bank’s customary overriding right of payment on demand; and • may be withdrawn at the discretion of the Bank which includes in the event of unsatisfactory conduct of account which includes cheque returns or failure to regularise excesses as required above. (ii) Customer accordingly holds the Bank free from all liability and agrees to indemnify the Bank against any actions, legal proceedings, claims and/or demands, cost, loss and expenses that may arise in connection with such withdrawal.

Cheque Protection Facility. (i) The Cheque Protection facility (by way of cheque issuance of up to RM500RM200): • is an overnight excess allowed by the Bank; • must be regularised by the end of the next banking day; • is subject to the Bank’s customary overriding right of payment on demand; and • may be withdrawn at the discretion of the Bank which includes in the event of unsatisfactory conduct of account which includes cheque returns or failure to regularise excesses as required above. (ii) The Customer accordingly holds the Bank free from all liability and agrees to indemnify the Bank against any actions, legal proceedings, claims and/or demands, cost, loss and expenses that may arise in connection with such withdrawal.

Cheque Protection Facility. (i) The Cheque Protection facility (by way of cheque issuance of up to RM500RM200): • is an overnight excess allowed by the Bank; • must be regularised by the end of the next banking day; • is subject to the Bank’s customary overriding right of payment on demand; and • may be withdrawn at the discretion of the Bank which includes in includesi n the event of unsatisfactory conduct of account which includes cheque returns or failure to regularise excesses as required above. (ii) The Customer accordingly holds the Bank free from all liability and agrees to indemnify the Bank against any actions, legal proceedings, claims and/or demands, cost, loss and expenses that may arise in connection with such withdrawal.

Cheque Protection Facility. (i) The Cheque Protection facility (by way of cheque issuance of up to RM500RM200): • is an overnight excess allowed by the Bank; • must be regularised by the end of the next banking day; • is subject to the Bank’s customary overriding right of payment on demand; and • may be withdrawn at the discretion of the Bank which includes in the event of unsatisfactory conduct of account which includes cheque returns or failure to regularise excesses as required above. (ii) The Customer accordingly holds the Bank free from all liability and agrees to indemnify the Bank against any actions, legal proceedings, claims and/or demands, cost, loss and expenses that may arise mayarise in connection with such withdrawal.

Cheque Protection Facility. (i) The Cheque Protection facility (by way of cheque issuance of up to RM500): • is an overnight excess allowed by the Bank; • must be regularised by the end of the next banking day; • is subject to the Bank’s customary overriding right of payment on demand; and • may be withdrawn at the discretion of the Bank which includes in the event of unsatisfactory conduct of account which includes cheque returns or failure to regularise excesses as required above. (ii) The Customer accordingly holds the Bank free from all liability and agrees to indemnify the Bank against any actions, legal proceedings, claims and/or demands, cost, loss and expenses that may arise in connection with such withdrawal.. Contents