Common use of UNCLEARED FUNDS Clause in Contracts

UNCLEARED FUNDS. 6.1. Uncleared funds, which may be credited to the account shall not be available for the Customer to draw against. If such uncleared cheques are, however, credited and/or allowed to be drawn against, the Bank shall have the right to debit the Customer’s account, in case they are lost and/or not realised. 6.2. Any such collections are undertaken at the sole risk of the Customer. The Bank will collect such cheques and transmit same as promptly as possible. Any delay arising out of this during transmission will be referred to the competent authority for action, and will attract no responsibility on our part for any action per law and the delay arising out of same.

UNCLEARED FUNDS. 6.15.1. Uncleared funds, which may be credited to the account account, shall not be available for the Customer to draw against. If such uncleared cheques are, however, credited and/or allowed to be drawn against, the Bank shall have the right to debit the Customer’s account, in case they are lost and/or not realised. 6.25.2. Any such collections are undertaken at the sole risk of the Customer. The Bank will collect such cheques and transmit same as promptly as possible. Any delay arising out of this during transmission will be referred to the competent authority for action, and will attract no responsibility on our part for any action per law and the delay arising out of same.

UNCLEARED FUNDS. 6.15.1. Uncleared funds, which may be credited to funds shown on the account shall will not be made available for withdrawal by the Customer to draw againstCustomer. If such In the event that there has been any amount credited or debited against uncleared cheques are, however, credited and/or allowed to be drawn againstfunds, the Bank shall have reserves the right to debit the Customer’s account, account in case they are the cheque is lost and/or not realisedor returned unpaid. 6.25.2. Any such collections are undertaken at the sole risk of the Customer. The Bank will collect such cheques and transmit same as promptly as possible. Any delay arising out of this during transmission will be referred to the competent authority for action, and will attract no responsibility on our part for any action per law and the delay arising out of same.

UNCLEARED FUNDS. 6.1. Uncleared funds, which may be credited to the account shall not be available for the Customer to draw against. If such uncleared cheques are, however, credited and/or allowed to be drawn against, the Bank shall have the right to debit the Customer’s account, in case they are lost and/or not realised. 6.2. Any such collections are undertaken at the sole risk of the Customer. The Bank will collect such cheques and transmit same as promptly as possible. Any delay arising out of this during transmission will be referred to the competent authority for action, action and will attract no responsibility on our part for any action per law and the delay arising out of same.