TERMINATION OF THE MANDATE AS A PAYING AGENT Sample Clauses

TERMINATION OF THE MANDATE AS A PAYING AGENT. In the event that promissory notes issued by the Depositor drawn of the Depositor’s checking account with all financial institutions are dishonored due to withdrawal of the authorization of the financial institution designated as paying agent prior to expiring of the period for presentation, and the number of such dishonored promissory note on which Redemption, Reserve for Payment or Re-Presentation and Payment has not been made is not less than three (3) during the past one (1) year, the Bank may terminate the Depositor’s mandate to designate the Bank as a paying agent for a period of three (3) years comment from the date the Bills Clearing House declares [the dishonors]. If the Bank terminates the Depositor’s mandate to designate the Bank as a paying agent, the Depositor shall return the remaining blank promissory notes to the Bank within one (1) month after receiving the Bank’s notice to do so.
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
TERMINATION OF THE MANDATE AS A PAYING AGENT. 除 貴行依開戶或其它文件所生終止帳戶或與存戶之關係之任何權利不受限制外，存戶在各地金融業者所開立之支票存款帳戶，因簽發以金融業者為擔當付款人之本票，於提示期限經過前撤銷付款委託，經執票人提示所發生之退票，未辦妥清償贖回、提存備付或重提付訖之註記，一年內達三張時，貴行得自票據交換所通報日起算，予以終止為存戶擔當付款人之委託三年。 Without limiting any rights the Bank may otherwise have under the account terms or otherwise to terminate the account or relationship with the Depositor, in the event that promissory notes issued by the Depositor drawn on the Depositor’s checking account with all financial institutions are dishonored due to withdrawal of the authorization of the financial institution designated as paying agent prior to expiring of the period for presentation, and the number of such dishonored promissory note on which Redemption, Reserve for Payment or Re-Presentation and Payment has not been Recorded is not less than three (3) during the past one (1) year, the Bank may terminate the Depositor’s mandate to designate the Bank as a paying agent for a period of three (3) years comment from the date the Bills Clearing House declares the dishonors.前項情形貴行終止受存戶委託為擔當付款人時，存戶應於貴行通知後之一個月內，返還剩餘空白本票。 If the Bank terminates the Depositor’s mandate to designate the Bank as a paying agent pursuant to the preceding paragraph, the Depositor shall return the remaining blank promissory notes to the Bank within one (1) month after receiving the Bank’s notice to do so. 本條之規定僅於貴行另行同意受存戶委託為存戶簽發之本票之擔當付款人時，方有適用。 This Article shall become applicable if and only if the Bank separately agree to be designated as paying agent for the promissory notes issued by the Depositor. 第八條 (拒絕往來)
Sample 1

Related to TERMINATION OF THE MANDATE AS A PAYING AGENT

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Deemed Termination upon delay Without prejudice to the provisions of Clauses 8.3, and subject to the provisions of Clause 7.3, the Parties expressly agree that in the event the Appointed Date does not occur, for any reason whatsoever, within 90 days of signing of the Agreement and submission of the full Performance Security by the Contractor, the Agreement shall be deemed to have been terminated. The Authority shall pay damages to the Contractor equivalent to 1% of the Contract Price (3% in case of standalone bridge projects). All other rights, privileges, claims and entitlements of the Contractor under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased. The Contractor shall hand over all information in relation to the Highway, including but not limited to any data, designs, drawings, structures, information, plans, etc. prepared by them for the Highway, to the Authority. 9 Clause 3.3 may be suitably modified in the event that all the environmental clearances for the Project Highway have been received or are not required. It should be clearly stated that all the environmental clearances for the Project Highway have been received; or such environmental clearances for the Project Highway are not required.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!