Legal tender definition
Examples of Legal tender in a sentence
This may take place when: Legal tender is passed to a supplier (or, for wages, to an employee); A letter is posted to a supplier or employee containing a cheque; or An electronic instruction is sent to a bank/building society to make a payment to a supplier or employee by direct credit or bank transfer.
The principal of, and interest on, this Promissory Note are payable in such coin or currency of the United States of America as at the time of payment is Legal tender for payment of public and private debts, at the address last appearing on the Promissory Note Register of the Company as designated in writing by the Holder hereof from time to time.
ALPA does not have any current or former employees, and does not maintain, sponsor, contribute to, or have any present or future Liability with respect to (other than as a result of the transactions contemplated by this Agreement) any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA).
Legal tender accepted in the United States of America for the payment of public and private debts, denominated in United States dollars.
Legal tender of the United States of America payable in immediately available funds, such as a wire transfer, bank or cashier’s check, or its equivalent in foreign currency for any transactions denominated in such foreign currency.