Redeposited Checks Sample Clauses

Redeposited Checks. The Credit Union may extend the hold placed on checks that have been returned unpaid and redeposited by the member. This exception does not apply to checks that have been returned and redeposited for missing endorsements and /or post-dated checks.
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Redeposited Checks. We may hold for a reasonable time the amount of Checks that have been returned unpaid and you or we redeposit. Redeposited Checks do not include: (i) Checks that have been returned because of missing Endorsements and redeposited after you or we provide the missing Endorsements (if the reason for return from the payor bank states that it was returned because of a missing Endorsement) and (ii) post-dated Checks, if the reason for the return from the payor bank states that it was returned because it was post- dated and the Check is no longer post-dated when it is redeposited.

Related to Redeposited Checks

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement. 31.1.2 The nature and scope of the Escrow Account are fully described in the agreement (the “Escrow Agreement”) to be entered into amongst the Concessionaire, the Authority, the Escrow Bank and the Senior Lenders through the Lenders‟ Representative, which shall be substantially in the form set forth in Schedule-S.

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