Returned Instruments. If a payment is made by check, draft or other instrument and the check, draft or other instrument is returned unpaid, any application of the payment to the Loan Obligations will be reversed and will be treated as never having been made.
Returned Instruments. If a payment is made by ACH, check, draft or other instrument and the ACH item, check, draft or other instrument is returned unpaid, any application of the payment to the Loan Obligations will be reversed and will be treated as never having been made.
Returned Instruments. 15 6.8. Compelled Return of Payments or Proceeds..............................................................16 6.9. Due Dates Not on Business Days........................................................................
Returned Instruments. In the event that any check or other instrument received in payment of a Receivable shall be returned uncollected for any reason, Secured Party shall again forward the same for collection or return the same to Debtor. Upon receipt of a returned check or instrument by Debtor, Debtor shall immediately make the necessary entries on its books and records to reinstate the Receivable as outstanding and unpaid and immediately notify Secured Party of such entries. All Receivables of an Account Debtor with respect to which such check or instrument was received shall thereupon become Ineligible Receivables.
Returned Instruments. 6 8.4. Compelled Return of Payments or Proceeds . .
Returned Instruments. If an Instrument is returned unpaid, we may reverse the credit (and any interest paid on that credit) to your account. If the reversal of this credit involves a currency exchange, you agree that you will be responsible for any cost or loss associated with the currency exchange and we may charge this cost or loss to your account. We may send you notice of the returned Instrument the same way that we send your statements of account. Anyone we hire (such as a financial institution or courier) to effect the collection of the Instrument will be deemed your agent, not our subagent.
Returned Instruments. If a payment is made by ACH, check, draft or other instrument and the ACH item, check, draft or other instrument is returned unpaid, (a) any application of the payment to the Loan Obligations will be reversed and will be treated as never having been made and (b) Resellers will also pay to Administrative Agents, for their own account, such fees as Administrative Agents generally charge their customers for each check, ACH or wire transfer returned unpaid for insufficient funds (such payment repays Administrative Agents’ estimated administrative costs; it does not waive any Default or Event of Default caused by such returned unpaid check, ACH or wire transfer).
Returned Instruments. In the event that any check or other instrument received in payment of a Receivable shall be returned uncollected for any reason, Secured Party may, in its sole discretion, again forward the same for collection or return the same to Debtor. Upon receipt of a returned check or instrument by Debtor, Debtor shall immediately make the necessary entries on its books and records to reinstate the Receivable as outstanding and unpaid and immediately notify Secured Party of such entries, Pursuant to Section 1.1(o)(iii), the Receivable with respect to which such check or instrument was received shall thereupon become an Ineligible Receivable.
Returned Instruments. If an Instrument is returned unpaid, we will reverse the credit (and may reverse any interest paid on that credit) to your account. We may send you either notice of the returned Instrument or the returned Instrument the same way we send your statement of account. The Credit Union may require you to come to a branch to conduct a transaction and may refuse a deposit to an account or refuse to accept any item for deposit. The Credit Union may require up to 30 days’ notice for you to withdraw monies from your accounts. Access to your account may be subject to daily or Interest is paid on accounts at rates that vary from time to time. The interest rates and manner of computing and determining the rate may change. Our current rates are available in our branches or through our telephone or Online/Telephone Banking services. If you have an interest bearing account you may not receive interest when your balance falls below a certain level. You are responsible for the care and control of your cheques and statements. You must maintain your cheques and statement safely at all times. Your cheques are for your use only. If someone else uses them, you will be required to prove that you took all reasonable precautions to protect them. If it has not already been paid, you may ask us to place a stop payment on a cheque(s) or pre- authorized payment(s) drawn on any of your accounts. You must tell us the exact amount of the item, cheque number if applicable, date of item, payee and the account on which it was drawn. If the information you give us is not correct, if you did not give us other reasonable information when requested about the item, or the item was final and irrevocable, we will not be responsible if we are not able to effect the stop payment. You are in the best position to discover forged or unauthorized cheques or other Instruments drawn on your account. All transactions with your cheques will be reflected in your account, even if you did not perform or authorize the transaction. You are responsible for all use, including any forgery, of your cheques or other Instruments, and we will have no responsibility for such use, including any forgery, unless you prove you took reasonable precautions to protect them and that you exercised reasonable care in examining your statements or transaction information. You must promptly notify us of any forged or unauthorized Instrument or material alteration as soon as you discover it. You agree you are responsible for verificati...
Returned Instruments. 10 8.4. Compelled Return of Payments or Proceeds.. . . . . . . . . . . . . . . . . . . . . 10 8.5. Due Dates Not on Business Days.. . . . . . . . . . 11
