Dishonored cheques Clause Samples
Dishonored cheques. We reserve the right to terminate the Agreement without notice to You in the event: a cheque provided by You in payment of that invoice is dishonored without a valid explanation being provided by You. We will also charge You a dishonor fee if a cheque used to pay an invoice is dishonored.
Dishonored cheques a. The Customer shall be liable for, and expressly undertakes to pay, all fees (including an Administration Fee in an amount to be set from time to time by the Company) for all costs incurred as a result of any cheque being dishonored for whatever reason.
Dishonored cheques. 7.10.1 The credit team is to be notified by email promptly of any dishonored cheques and an account block placed on the customer. Every effort is to be made by the Credit Controller to collect and replace funds promptly.
7.10.2 Should the amount remain outstanding after five (5) working days and a suitable agreement has not been reached for settlement, the NCM will commence action for recovery. A dishonor fee of $30.00 is applicable.