Common use of TEMPORARILY RESUMED TRANSACTIONS UPON COMPANY REORGANIZATION Clause in Contracts

TEMPORARILY RESUMED TRANSACTIONS UPON COMPANY REORGANIZATION. 存款人如為公司組織，於拒絕往來期間屆滿前，經法院裁定准予重整後，得向 貴行申請核轉票據交換所辦理重整註記；經重整註記者， 貴行得暫予恢復往來。 前項公司在暫予恢復往來之日起至原拒絕往來期間屆滿前再發生存款不足退票， 貴行得自票據交換所再通報之日起算，予以拒絕往來三年。 If the Depositor is a company which has obtained an approval for reorganization from a court before the period of Account Rejection has expired, the Depositor may request the Bank’s approval and transfer to the Bills Clearing House to make a recordation of reorganization; the Bank may temporarily resume transactions with the Depositor if the reorganiza tion is recorded. In the event a negotiable instrument is dishonored due to insufficient funds after the date of temporary resumption of transactions but before the expiry date of the initial Account Rejection, the Bank may reject the Depositor’s account effective for a period of three (3) years commencing from the date on which the Bills Clearing House dishonors.