Wrongful Dishonor. Except as provided below, it shall constitute wrongful dishonor by Bank if Bank dishonors a Check for which Customer has not issued a Return Request on an Exception Item.
Appears in 4 contracts
Samples: Management Master Agreement, Management Master Agreement, Management Master Agreement
Wrongful Dishonor. Except as provided below, it shall constitute wrongful dishonor by Bank if Bank dishonors a Check for which Customer has not issued a Return Request on an Exception Item.Check that Bank has been ordered to pay pursuant to a properly submitted Pay Request. Bank’s liability for wrongful dishonor of an Exception Check shall be limited to the damages for wrongful dishonor recoverable under the U.C.C. Bank shall have no liability to Company for wrongful dishonor when Bank, acting in good faith, returns or declines to cash an Exception Check:
Appears in 2 contracts
Samples: Management Master Services Agreement, Management Master Services Agreement
Wrongful Dishonor. Except as provided below, it shall constitute wrongful dishonor by the Bank if the Bank dishonors a Check Exception (a) for which the Customer has not issued a Return Request on an timely Pay/No Pay Decision instructing the Bank to Pay said Check Exception Itemor (b) the Customer selected the Pay Auto Exception Decision and did not issue a timely Pay/No Pay Decision.
Appears in 1 contract
Samples: Management Services Agreement
Wrongful Dishonor. Except as provided below, it shall constitute wrongful dishonor by Bank if Bank dishonors a Check for which Customer has not issued a Return Request on an Exception ItemCheck that Bank has been ordered to pay pursuant to a Pay Decision from Customer by the deadline set forth in the Service's Setup Form(s).
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Samples: www.androscogginbank.com
Wrongful Dishonor. Except as provided below, it shall constitute wrongful dishonor by Bank if Bank dishonors an Exception Check: (i) that Bank has been ordered to pay pursuant to a Check Pay Decision, or (ii) for which Customer has not issued a Return Request on an Exception ItemDecision under the pay default option by the deadline set forth in the Services’ Setup Form(s).
Appears in 1 contract
Samples: Cash Management Master Agreement
Wrongful Dishonor. Except as provided below, it shall constitute wrongful dishonor by the Bank if the Bank dishonors a an Exception Check (a) for which the Customer has issued a timely Pay/Return Request instructing the Bank to pay said Exception Check or (b) for which the Customer has not issued a timely Pay/Return Request on an Exception Itemunder the pay default option.
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