Common use of Dishonoured Payments Clause in Contracts

Dishonoured Payments. a) Dishonoured payments by financial institutions and/or banks despite the presence of a signed negotiated arrangement / instrument, shall not constraint the Municipal Manager from levying costs and administration fees against the account of the defaulting debtor at the rate determined by council.

Appears in 3 contracts

Samples: mfma.treasury.gov.za, cdm.org.za, www.cdm.org.za

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Dishonoured Payments. a) 16.1.1 Dishonoured payments by financial institutions and/or banks despite the presence of a signed negotiated arrangement / instrument, shall not constraint the Municipal Manager from levying costs and administration fees against the account of the defaulting debtor at the rate determined by council.

Appears in 1 contract

Samples: www.cdm.org.za

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