Common use of Default Decision Clause in Contracts

Default Decision. (a) If you fail to make a timely Pay Instruction or Return Instruction to the Bank on an exception (a "Pay" or "No Pay" decision), you authorize the Bank to pay these item(s).

Appears in 4 contracts

Samples: Global Transaction Services Master Agreement, Master Agreement, Global Transaction Services Master Agreement

AutoNDA by SimpleDocs

Default Decision. (a) If you fail to make a timely Pay Instruction or Return Instruction to the Bank on an exception (a "Pay" or "No Pay" decision)instruction decision on an Exception item, you authorize the Bank to pay return these item(s)items unpaid.

Appears in 3 contracts

Samples: Global Transaction Services Master Agreement, Master Agreement, Global Transaction Services

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!