Examples of Clearing System in a sentence
Each Accountholder must look solely to its Clearing System for its share of each payment made to or to the order of the Nominee.
The Rents and all other sums payable under this Lease must be paid by the Tenant by electronic transfer using the Bankers Automated Clearing System (or any similar system that may replace it) to the United Kingdom bank account notified by the Landlord to the Tenant.
The Society shall have no responsibility or liability for any aspect of the records of any Clearing System or for maintaining, supervising or reviewing any such records.
Instead, the holder entered on the Perpetual Capital Securities Register for such Perpetual Capital Securities shall be the Nominee and the Accountholders' holdings of interests in such Perpetual Capital Securities will be recorded in the internal records of the relevant Clearing System.
The Borrower shall, if so required by the Lender, deliver post-dated cheques/National Automated Clearing House (NACH)/Electronic Clearing System or Electronic Clearing Service (ECS) to the Lender for the due repayment of the Facility and interest thereon.