Common use of Dishonored Checks Clause in Contracts

Dishonored Checks. If the Licensing Administrator permits a payment due under this Agreement to be made by check and the check is dishonored, the payment may, at the Licensing Administrator’s option, be deemed not to have been made.

Appears in 1 contract

Samples: Licensing Agreement

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Dishonored Checks. If the Licensing Administrator permits a payment due under this Agreement to be is made by Licensee's check and the check is dishonored, the payment may, may at the Licensing Administrator’s option, 's option be deemed not to have been made. The Licensing Administrator may at its option, by written notice to Licensee, require subsequent payments to be made by cashier's check in immediately available funds.

Appears in 1 contract

Samples: Mpeg 2 Patent Portfolio License (Pioneer Corp)

Dishonored Checks. If the Licensing Administrator permits a payment due under this Agreement to be is made by Licensee’s check and the check is dishonored, the payment may, may at the Licensing Administrator’s option, option be deemed not to have been made. The Licensing Administrator may at its option, by written notice to Licensee, require subsequent payments to be made by cashier’s check in immediately available funds.

Appears in 1 contract

Samples: Mpeg 2 Patent Portfolio License (Scopus Video Networks Ltd.)

Dishonored Checks. If the Licensing Administrator permits a payment due to be made under this Agreement to be made by check and the check is dishonored, the payment may, at the Licensing Administrator’s option, be deemed not to have been made.

Appears in 1 contract

Samples: Mpeg 4 Visual Patent Portfolio License (Divx Inc)

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Dishonored Checks. If the Licensing Administrator permits a payment due under this Agreement to be is made by Licensee's check and the check is dishonored, the payment may, at the Licensing Administrator’s 's option, be deemed not to have been made. The Licensing Administrator may, at its option, by written notice to Licensee, require subsequent payments to be made by wire transfer or cashier's check in immediately available funds.

Appears in 1 contract

Samples: Mpeg 4 Visual Patent Portfolio License (Divx Inc)

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