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. 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. 29 6.7. Compelled Return of Payments or Proceeds . . . . . . . . . 29 6.8. Due Dates Not on Business Days . . . . . . . . . . . . . . 30 7.
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. Access to your accounts 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 Pre-authorized payments - You may arrange with another party to have payments withdrawn from your account and sent directly to them on a regular basis. Transfers - You can transfer funds from your account in person at any of our branches or through our Member Care Centre or Online/Telephone Banking services. Inquiries - Account balances and other account specific inquires are not provided over the telephone by branch staff to ensure the privacy of your information. You may use our Member Care Centre or any Online/Telephone Banking Service that we offer for these inquiries. Interest Information 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. Care and control of cheques and statements 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. Stop Payment 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. Responsibility for use of your cheques You are in the ...
Returned Instruments. 47 6.7. Compelled Return of Payments or Proceeds....................47 6.8. Due Dates Not on Business Days..............................47
Returned Instruments. 11 6.7. Compelled Return of Payments or Proceeds..........................11 6.8. Due Dates Not on Business Days....................................12 7. Procedure for Obtaining Advances and Letters of Credit.................12 7.1. Initial Advances..................................................12 7.2. Subsequent Revolving Loan Advances................................12 7.2.1. Borrower Requests...........................................12 7.2.2. Revolving Loan Advances to Repay the Swingline Loan.........12 7.2.3. Administrative Agent's Right to Make Other Revolving Loan Advances..................................................13 7.3. Letters of Credit.................................................13 7.4. Fundings..........................................................13 7.4.1. Revolving Advances..........................................13 7.4.2. Draws on Letters of Credit..................................14 7.4.3. All Fundings Ratable........................................14 7.5. Administrative Agent's Availability Assumption....................15 7.5.1..................................................................15 7.6. Disbursement......................................................16 7.7. Restrictions on Advances..........................................16 7.8. Restriction on Number of Eurodollar Loans.........................16 7.9. Each Advance Request and Letter of Credit Request a Certification.16 7.10. Requirements for Every Advance Request............................16 7.11. Requirements for Every Letter of Credit Request...................16 7.12. Exoneration of Administrative Agent and Lenders...................17 8.
