Common use of Stop Payment Order Clause in Contracts

Stop Payment Order. It is understood and agreed by the customer that: A) Stop payment orders shall be accepted only if the check is lost, stolen, or if the holder goes bankrupt, insolvent or incompetent. B) The customer shall indemnify the bank against any loss or damage that may be incurred due to non-payment of the cheque. C) The bank shall not, under any circumstances, be liable if a cheque is paid due to erroneous details of the cheque, provided that the bank has followed ordinary procedures of stop payment order controls. D) The customer shall inform the bank in writing before issuing of a replacement cheques. The word "Replacement" must be written or printed on the face of the new check which must be differently dated from that of the original cheques. 5-1 S001- E-7 مقر جذومن

Stop Payment Order. It is understood and agreed by the customer that: A) Stop payment orders shall be accepted only if the check is lost, stolen, or if the holder goes bankrupt, insolvent or incompetent. B) The customer shall indemnify the bank against any loss or damage that may be incurred due to non-payment of the cheque. C) The bank shall not, under any circumstances, be liable if a cheque is paid due to erroneous details of the cheque, provided that the bank has followed ordinary procedures of stop payment order controls. D) The customer shall inform the bank in writing before issuing of a replacement cheques. The word "Replacement" must be written or printed on the face of the new check which must be differently dated from that of the original cheques. 5-1 S001- E-7 E(9) مقر جذومن

Stop Payment Order. It is understood and agreed by the customer that: A) Stop payment orders shall be accepted only if the check is lost, stolen, or if the holder goes bankrupt, insolvent or incompetent. B) The customer shall indemnify the bank against any loss or damage that may be incurred due to non-payment of the cheque. C) The bank shall not, under any circumstances, be liable if a cheque is paid due to erroneous details of the cheque, provided that the bank has followed ordinary procedures of stop payment order controls. D) The customer shall inform the bank in writing before issuing of a replacement cheques. The word "Replacement" must be written or printed on the face of the new check which must be differently dated from that of the original cheques. 5-1 S001- E-7 1- S 002- مقر جذومن

Stop Payment Order. It is understood and agreed by the customer that: A) Stop payment orders shall be accepted only if the check is lost, stolen, or if the holder goes bankrupt, insolvent or incompetent. B) The customer shall indemnify the bank against any loss or damage that may be incurred due to non-payment of the cheque. C) The bank shall not, under any circumstances, be liable if a cheque is paid due to erroneous details of the cheque, provided that the bank has followed ordinary procedures of stop payment order controls. D) The customer shall inform the bank in writing before issuing of a replacement cheques. The word "Replacement" must be written or printed on the face of the new check which must be differently dated from that of the original cheques. 5-1 S001- E-7 مقر جذومن