Payee Bank definition

Payee Bank means the bank at which a Payee Bank Account is held.

Payee Bank means the bank at which a Payee Bank Ac-count is held.

Payee Bank means the bank at which a Payee Bank Account is held; “Payee Bank Account” means, in respect of each e-Cheque presented for deposit using the e-Cheques Deposit Services, the bank account of the payee

Examples of Payee Bank in a sentence

• The Customer is allowed by the e-Cheque Drop Box Terms to register an e-Cheque Drop Box Account with a Payee Bank Account that is the Customer’s same-name account or an account other than the Customer’s same-name account.

• The Customer is responsible for the presentment of all e-Cheques by the Customer or any other person using the Customer’s e-Cheque Drop Box Account (including presentment of any e-Cheques to a Payee Bank Account other than the Customer’s same-name account).5.4 Any issue relating to the use of the e-Cheque Drop Box Service should be handled in accordance with the e-Cheque Drop Box Terms.

• We enclose herewith a Accounts Payee Bank Demand Draft/ Banker’s Cheque/ Pay Order No. dated_ Bank of Rs. _(Rupees _ ) in favour of the General Manager/ Area Manager, Food Corporation of India /I declare that I have remitted Rs. (Rupee_ ) to FCI A/c through RTGS/NEFT as Earnest Money to be converted as Security Deposit on acceptance of my/ our offer.

• General5.1 The e-Cheques Deposit Services may allow presentment of e-Cheques for deposit with the Bank (as Payee Bank) using the e-Cheque Drop Box Service provided by the Clearing House or using the Bank’s Deposit Channels.e-Cheque Drop Box Service5.2 The e-Cheque Drop Box Service is provided by the Clearing House.

• This Note shall bind the Borrower and its successors and assigns, and the benefits hereof shall inure to the benefit of the Payee Bank and its successors and assigns.

• The Customer is solely responsible for performing the Customer’s obligations under the e-Cheque Drop Box Terms.5.3 In order to use the e-Cheque Drop Box Service, the Customer is required by the e-Cheque Drop Box Terms to register an e-Cheque Drop Box Account with one or more Payee Bank Account for presenting e-Cheques.

• The Board shall have the right at any time to replace the Registrar, Transfer Agent, Payee Bank, and/or Depository Bank by observing the same procedure as that required by the Basic Resolution and/or the respective Series Resolutions for replacement of the Trustee.

• We enclose herewith a Accounts Payee Bank Demand Draft/ Banker’s Cheque/ Pay Order No. dated Bank of Rs .

• Such security shall be obtained in the form of an Account Payee Bank Draft or duly pledged Fixed Deposit Receipts or Bank Guarantee from a commercial bank, in an acceptable form with a view to safeguard the interest of the University.

• The Borrower agrees to pay on demand, to the extent permitted by law, all reasonable costs and expenses incurred by the Payee Bank in the enforcement of its rights in this Note and in any security therefor.

More Definitions of Payee Bank

Payee Bank means the bank at which a Payee Bank Account is held. "Payee Bank Account" means, in respect of each e-Cheque presented for deposit using the e-Cheques Deposit Services, the bank account of the payee of the e-Cheque maintained with us into which the e-Cheque is to be deposited which may be a sole name or a joint name account of the payee.

Payee Bank means the bank at which a Payee Bank Account is held. “Payee Bank Account” means, in respect of each e-Cheque presented for

Payee Bank means the bank at which a Payee Bank Account is held. “Payee Bank Account” means, in respect of each e-Cheque presented for deposit using the e-Cheques Deposit Services, the bank account of the payee of the e-Cheque maintained with the Bank into which the e-Cheque is to be deposited which may be a sole name or a joint name account of the payee. “Payer Bank” means the bank which digitally signed an e-Cheque created by its customer. “Customer” means each customer to whom the Bank provides e-Cheques Services and, where the context permits, includes any person authorized by the customer to sign e-Cheques on behalf of the customer from time to time. B. Nature and scope of e-Cheques Services (a) The Bank may provide e-Cheques Services (whether in whole or in part) at the Bank’s discretion. If the Bank provides e-Cheques Services to the Customer, the Customer may issue e-Cheques and/or deposit e-Cheques. In order to use the e-Cheques Services, the Customer has to provide such information and documents and accept such terms and conditions which may be required or prescribed by the Bank and the Clearing House respectively from time to time. The Customer may also be required to sign forms and documents prescribed by the Bank from time to time. (b) e-Cheques Issuance Services allow the Customer to issue e-Cheques drawn on the Bank, in accordance with Clause 3 below. (c) e-Cheques Deposit Services allow the Customer and other persons to present e-Cheques (whether payable to the Customer and/or any other holder of the Payee Bank Account) for deposit with the Bank (as Payee Bank), using the e-Cheque Drop Box Service offered by the Clearing House or using the Bank’s Deposit Channels, in accordance with Clause 4 below. (d) The Bank may provide e-Cheques Services relating to e-Cheques that are issued in any currency specified by the Bank from time to time, including Hong Kong dollars, US dollars or Renminbi. the conditions for using the e-Cheques Services. These conditions may include (but without limitation) the following (or any of them) by giving prior notice to the Customer: (i) the service hours of the e-Cheques Services (including cut-off times for issuing, countermanding or presenting e-Cheques); (ii) any maximum total amount or total number of e-Cheques which the Customer may issue in any specified period; and (iii) any fees and charges payable by the Customer for the e-Cheques Services. C. e-Cheques Issuance Services (a) Format of and steps for issuing an e-Cheque...

Payee Bank means the bank at which a Payee Bank Accountis held.

Payee Bank the bank and the account in the name of your business detailed in the Commercial Terms or such other bank and account in the name of your business that you notify to us in writing on at least two Working Days notice to which we will make all payments to you.