Examples of Paying Member in a sentence
The date on which the cheque shall move from the Presenting Member to the Paying Member to be cleared.
Each Member agrees to consult with the other Members (which consultation shall be deemed satisfied if the Board of Directors is advised and consulted at a meeting of the Board of Directors) prior to making any Guaranty Payment and, upon request of the Board of Directors, to advise the other Members of the aggregate amount the Paying Member has paid under any guaranty or environmental indemnity agreement.
If a Paying Member does not reply during the stipulated time on the express clearing cheques (before the reply cut-off time for each express session), and the fees for clearing the express cheque have already been collected by the Presenting Member from the customer, in this case the customer must be refunded because he does not receive the service, then the system will calculate the refund amount (which was paid by the customer) automatically.
A proposal to the NYHIMA Dues Paying Members amend the Bylaws may be initiated by the Board of Directors and/or any NYHIMA Dues Paying Member of NYHIMA at any time that is at least thirty (30) days prior to the meeting at which a vote on the proposal is to be taken.
Rejected cheque from ECC due to a system return reason.2. Returned by the Paying Member due to a technical or a financial reason.