NSF Check definition

NSF Check has the meaning specified in Exhibit E-1.
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NSF Check means a check tendered by a Mortgagor as a payment on a Mortgage Loan that is returned by the drawee bank because of insufficient funds, including without limitation insufficient funds due to funds being denominated as uncollected.
Sample 1

Examples of NSF Check in a sentence

  • NSF Check Charges: In the event that I make any payment on this Note by check and my check is returned to you unpaid due to non-sufficient funds in m deposit account, I agree to pay you an additional NSF Check Charge of $15 plus any actual expenses Incurred In connection with the dishonored check.

  • Dealer will also pay DFS $100 for each check returned unpaid for insufficient funds (an NSF Check”) (such $100 payment repays DFS’ estimated administrative costs; it does not waive the default caused by the NSF Check).

  • To the extent permitted by and subject to applicable law, if Franchisee’s payment remittance is not paid because of non-sufficient funds in Franchisee’s checking account or a closed account, Franchisee may be assessed an NSF Check Charge of $25.00 (or the maximum permitted by applicable law if less).

  • If the payment on any one (1) or more of the Mortgage Loans for the month preceding the Cut-Off Date was made by the Mortgagor by an NSF Check, and the return of such NSF Check causes such Mortgage Loan to be three (3) or more payments past due as of the Cut-Off Date, such Mortgage Loan shall be treated as a Delinquent Loan.

Related to NSF Check

  • E-Check means any check which You authorize the payee to process electronically. For joint accounts, read singular pronouns in the plural.

  • Background Check means the process of checking an applicant’s arrest and conviction record, through any means.

  • Check means a draft, other than a documentary draft, payable on demand and drawn on a bank or a cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as “money order”.

  • EFT means electronic funds transfer.

  • NSF means National Sanitation Foundation.

  • in-situ means on the site;

  • Customer Support means the services by which 21Vianet may provide assistance to Customer to resolve issues with the Services.

  • ANZ means Australia and New Zealand Banking Group Limited.

  • Check 21 means the Check Clearing for the 21st Century Act.

  • Eskom means Eskom Holdings SOC Ltd, a company registered in accordance with the laws of the Republic of South Africa under Registration Number 2002/015527/30].

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Wire Instructions means the wire instructions for the Initial Cash Purchase Price, as provided by the Company, set forth on ANNEX I.

  • DVP shall have the meaning ascribed to such term in Section 2.1.

  • CREFC® Payment Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Payment Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • ACH means automated clearing house transfers.