Dishonored Items Clause Samples

The Dishonored Items clause defines the procedures and consequences when a payment instrument, such as a check or electronic transfer, is not honored by the payer’s financial institution. Typically, this clause outlines the steps the payee may take if a payment is returned unpaid, such as charging a fee, demanding immediate repayment, or suspending services until the issue is resolved. Its core function is to protect the payee from losses or disruptions caused by failed payments and to provide a clear process for addressing such situations.
Dishonored Items. We may redeposit items taken for deposit, cash or other value, or we may return the item to you and charge your account. If your account does not contain sufficient funds to reimburse us for the amount of the item, you must repay us for the amount we are unable to collect from your account. If we choose to redeposit an item, we are not required to notify you that the item was returned unpaid. We may charge your account and/or seek recovery directly from you for any item that is returned due to your breach of warranty under the Uniform Commercial Code as adopted in the state where our main office is located.
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Dishonored Items. We may redeposit items taken for deposit, cash or other value, or we may return the item to you and charge your account. If your account does not contain sufficient funds to reimburse us for the amount of the item, you must repay us for the amount we are unable to collect from your account. If we choose to redeposit an item, we are not required to notify you that the item was returned unpaid. We may charge your account and/or seek recovery directly from you for any item that is returned due to your breach of warranty under the Uniform Commercial Code as adopted by the State of Colorado.
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Dishonored Items. We may redeposit items taken for deposit, cash or other value or we may return the item to you and charge your account. If your account does not contain sufficient funds to reimburse us for the amount of the item, you must repay us for the amount we are unable to collect from your account. If we choose to redeposit an item, we are not required to notify you that the item was returned unpaid. We may charge your account and/or seek recovery directly from you for any item that is returned due to your breach of warranty under the Uniform Commercial Code as adopted in the state where our main office is located. The fee schedule will determine any applicable fees.
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Dishonored Items. You shall pay iSolved a service fee for any debit withdrawal request that is returned to iSolved as being dishonored. The fee shall be charged at the current Non-Sufficient Funds Rates as published on the iSolved fee schedule. Notwithstanding Section 8a, this schedule may be reviewed and adjusted at any time in iSolved’s sole discretion.
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Dishonored Items. You shall pay PAI a service fee for any debit withdrawal request that is returned to PAI as being dishonored. The fee shall be charged at the current Non-Sufficient Funds Rates as published on the PAI fee schedule. Notwithstanding Section 8a, this schedule may be reviewed and adjusted at any time in ▇▇▇’s sole discretion.
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Dishonored Items. If another institution refuses to pay (dishonors) a check or other item, which you deposited or cashed, we will deduct the amount of the check or item from your account, and note the dishonor on your account statement. We may then select either of the following methods for processing checks dishonored for reasons of insufficient or uncollected funds: We may redeposit the check or item to your account and put it through for collection a second time. If we redeposit the check, we will not always give you notice that the check was dishonored before putting the check through for collection again. In this instance, you waive your right to notice of dishonor. We may return the check and its corresponding debit advice to you by mail. Dishonored items will be subject to a service charge as listed in the Miscellaneous Fee Schedule. You expressly agree that we may charge your account if an item which we paid is subsequently returned due to your breach of a transfer warranty under the Uniform Commercial Code (UCC).
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Dishonored Items. In the event of wrongful dishonor that occurs by mistake, your liability shall be limited to actual damages I prove. In the event of a dishonor of any check, share draft of other debit on my Account, your determination of whether sufficient funds exist in my Account may be made at any time between the time the item is received and the time it is returned. If you should choose to make a subsequent Account balance check, you must use the latest figure in deciding whether to dishonor the check, share draft or other debit.
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Dishonored Items. The Payoff Amount has been calculated on the premise that all checks and other instruments delivered by the Borrowers to the Assignor, or to any other financial institution that has in turn provided the amount thereof to the Assignor for application to the Borrowers' loan balance, have been or will be honored and paid in full. The Assignee agrees to pay the Assignor, on demand at any time during the 90 days following the Effective Date, the amount of any such check or other instrument that may be returned for nonpayment, for any reason.
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Related to Dishonored Items

  • Dishonored Checks The Transfer Agent may receive any fees reasonably related to the cost incurred by the Transfer Agent when a shareholder purchases shares by check and the purchase is subsequently canceled because the check was dishonored by the shareholder’s bank.

  • Disposal of Transmitted Items Upon your receipt of a confirmation approval from Credit Union that we have received an image that you have transmitted, you agree to retain the check for at least 60 calendar days from the date of the image transmission. After 60 days, you agree to destroy the check that you transmitted as an image, mark it "VOID", or otherwise render it incapable of further transmission, deposit, or presentment. During the time the retained check is available, you agree to promptly provide it to Credit Union upon request.

  • Payment Processing Citizens may require any other information from Vendor that Citizens deems necessary to verify any compensation request placed under this Agreement and Vendor agrees that it will provide such information as reasonably requested by Citizens. Payment shall be due net thirty (30) calendar days of Citizens’ actual receipt of a complete and undisputed invoice. Where a submitted invoice is incomplete, such as not containing the information described in this Section, Citizens will return the incomplete invoice to Vendor for correction within thirty (30) calendar days of Citizens’ actual receipt of such invoice. Where Citizens reasonably disputes any part of a complete invoice, such as the amount of the compensation request, Citizens shall pay any undisputed portion of the invoiced amount within (30) calendar days of Citizens’ actual receipt of the complete invoice and will describe the basis for the disputed portion of the invoiced amount. Where Vendor disagrees with Citizens dispute of any invoice, the Parties shall seek to resolve the dispute in accordance with the Dispute Resolution Process further described in this Agreement. In no case shall Citizens be subject to late payment interest charges where Vendor has submitted an incomplete invoice or where Citizens has reasonably disputed an invoice. Where Vendor fails to submit an invoice within twelve (12) calendar months of the Services for which compensation is being requested, Vendor acknowledges and agrees that any payment due for such Services is forfeited by Vendor for its failure to timely submit an invoice.