Common use of Multiple Payees Clause in Contracts

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 15 contracts

Samples: Account Services Agreement, www.revfcu.com, www.revfcu.com

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Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B B” are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 6 contracts

Samples: Membership Agreement, Membership Agreement, www.palmettohealthcu.org

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "” “A, B;" "” “A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 5 contracts

Samples: www.sharonview.org, www.connectedcreditunion.org, sharonview.org

Multiple Payees. Unless any check, share draft checking or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "” “A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 4 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

Multiple Payees. Unless any check, share draft draft, or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (for example: , a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "” “A, B;" "” “A/B", ;” where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 3 contracts

Samples: www.safefed.org, www.safefed.org, www.safefed.org

Multiple Payees. Unless any check, share draft draft, or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "; "A, B;" "; "A/B", ," where "A and B are listed on separate lines;" "; or otherwise, where not expressly conjunctive are payable in the alternative.).

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "” “A, B;" "” “A/B", where "A and B B” are listed on separate lines;" ; or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 2 contracts

Samples: www.cuonthegrid.com, www.cuonthegrid.com

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (alternative. For example: , a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 2 contracts

Samples: Account Agreement and Disclosure, Account Agreement and Disclosure

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are are‌ payable in the alternative).

Appears in 1 contract

Samples: Membership Agreement

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Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument inst rument shall be deemed payable in the alternative (alternative. For example: , a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 1 contract

Samples: Account Agreement and Disclosure

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "” “A, B;" ":” “A/B", where "A and B B” are listed on separate lines;" :’ or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 1 contract

Samples: www.southernsecurity.org

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: , a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "A, B;" "A/B", where "A and B B” are listed on separate lines;" ; or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 1 contract

Samples: www.atlanticfcu.com

Multiple Payees. Unless any check, share draft draft, or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (example: a check payable to "A and B" is a conjunctive instrument. A check payable to "A or B;" "” “A, B;" "” “A/B", where "A and B are listed on separate lines;" or otherwise, where not expressly conjunctive are payable in the alternative).

Appears in 1 contract

Samples: Membership Account Agreement

Multiple Payees. Unless any check, share draft or other instrument expressly indicates that the item is payable to conjunctive payees, the instrument shall be deemed payable in the alternative. If there is any ambiguity, the instrument shall be deemed payable in the alternative (For example: a check payable to "A and B" is a conjunctive instrument. A ; a check payable to "A or B;" "A, B;," "A/B", where "A and B B” are listed on separate lines;" lines or otherwise, where if not expressly conjunctive conjunctive, are payable in the alternative).

Appears in 1 contract

Samples: Membership Agreement

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