Common use of Waiver of Formalities Clause in Contracts

Waiver of Formalities. 4.1 To facilitate the expedient operation of the accounts, you waive in our favour and dispense with the statutory or customary formalities under the Bills of Exchange Act (Canada): • “presentment” - meaning physical delivery of a cheque or other Financial Instrument at a certain location and within a specified time frame;

Waiver of Formalities. 4.1 To facilitate the expedient operation of the accounts, you waive in our favour and dispense with the statutory or customary formalities under the Bills of Exchange Act (Canada): • · “presentment” - meaning physical delivery of a cheque or other Financial Instrument at a certain location and within a specified time frame;