Common use of Waiver of Protest Clause in Contracts

Waiver of Protest. Subject to any specific instructions which the Customer gives to the Bank in writing, the Customer waives in favour of the Bank every presentment for payment, notices of dishonour and protest and notice of protest of all bills of exchange, promissory notes, cheques, orders for payment of money, securities, coupons, notices (all or any of which are hereinafter collectively or separately referred to as "Instrument(s)", as the case may be) drawn, made, accepted or endorsed by the Customer now or in the future and delivered to the Bank at any of its branches or agencies for whatever purpose. The Customer shall remain liable to the Bank as if presentment, notice of dishonour and protest and notice of protest has been duly made or given. Notwithstanding the foregoing, where the Bank considers it in the best interest of the Customer or the Bank that any Instrument be noted or protested for any reason, the Bank may do so accordingly but the Bank shall not be liable for any failure or omission to note or protest any Instrument.

Appears in 2 contracts

Samples: Terms and Conditions of Customer Account, Terms & Conditions of Customer Account

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Waiver of Protest. Subject to any specific instructions which the Customer gives to the Bank in writing, the Customer waives in favour of the Bank every presentment for payment, notices of dishonour and protest and notice of protest of all bills of exchange, promissory notes, cheques, orders for payment of money, securities, coupons, notices (all or any of which are hereinafter collectively or separately referred to as "Instrument(s)"“Instruments”, as the case may be) drawn, made, accepted or endorsed by the Customer now or in the future and delivered to the Bank at any of its branches or agencies for whatever purpose. The Customer shall remain liable to the Bank as if presentment, notice of dishonour and protest and notice of protest has been duly made or given. Notwithstanding the foregoing, where the Bank considers it in the best interest of the Customer or the Bank that any Instrument be noted or protested for any reason, the Bank may do so accordingly but the Bank shall not be liable for any failure or omission to note or protest any Instrument.

Appears in 1 contract

Samples: Terms and Conditions of Customer Account

Waiver of Protest. Subject to any specific specific instructions which the Customer gives to the Bank in writing, the Customer waives in favour of the Bank every presentment for payment, notices of dishonour and protest and notice of protest of all bills of exchange, promissory notes, cheques, orders for payment of money, securities, coupons, notices (all or any of which are hereinafter hereinaGer collectively or separately referred to as "Instrument(s)Instruments", as the case may be) drawn, made, accepted or endorsed by the Customer now or in the future and delivered to the Bank at any of its branches or agencies for whatever purpose. The Customer shall remain liable to the Bank as if presentment, notice of dishonour and protest and notice of protest has been duly made or given. Notwithstanding the foregoing, where the Bank considers it in the best interest of the Customer or the Bank that any Instrument be noted or protested for any reason, the Bank may do so accordingly but the Bank shall not be liable for any failure or omission to note or protest any Instrument.

Appears in 1 contract

Samples: Terms and Conditions of Customer Account

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Waiver of Protest. Subject to any specific instructions which the Customer gives to the Bank in writing, the Customer waives The Customers waive in favour of the Bank every presentment for paymentpresentment, notices notice of dishonour and protest and notice of protest of all bills of exchange, promissory notes, cheques, drafts, payment instructions, bankers' acceptances, orders for payment of money, electronic remittances, securities, coupons, notices notes (all or any of which are hereinafter collectively or separately referred to as "Instrument(s)", “Instruments” or “Instrument” as the case may by be) drawn, made, accepted accepted, deposited or endorsed by the Customer Customers and now or in the future and hereafter delivered to the Bank at any of its branches or agencies for whatever any purpose. The Customer Customers shall remain jointly and severally liable to the Bank as if presentment, notice of dishonour and protest and notice of protest has been duly made or given. Notwithstanding The Bank may, in its sole discretion, note or protest any Instrument because of any endorsement other than that of the foregoingCustomers or for any other reason if the Bank, where the Bank in its discretion, considers it in the best interest interests of the Customer Customers or the Bank. The Bank that will not, in any Instrument circumstances, be noted responsible or protested for any reason, the Bank may do so accordingly but the Bank shall not be liable for any failure or omission to note or protest any Instrument.

Appears in 1 contract

Samples: Account Agreement

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