Post Dated Cheques definition

Post Dated Cheques. (“PDC”) means the cheques issued by the Borrower in favour of the Lender for repayment of the Loan along with accrued interest.
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Post Dated Cheques. “PDCs” means the cheques issued by the Borrower(s) as per the terms of the Disbursement Letter for Repayment of the Amounts Due payable for the discharge of the obligations of the Borrower(s);
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Post Dated Cheques or “PDCs” means cheque(s) to be issued by the Borrower in favour of the Security Trustee as security for the Loan, as specified in the Facility Letter; in such event, the provisions of Schedule B hereto will apply;
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Examples of Post Dated Cheques in a sentence

  • Post Dated Cheques will not be accepted as a mode of payment for application of MICRO SIP.

  • Repayment Instruments: (A) 2 Number of Signed Post Dated Cheques in favor of ““GRAYQUEST FINTREE ESCROW Account”” being taken from the Borrower 1 security PDC required for the balance loan amount in favor of “GRAYQUEST FINTREE ESCROW Account ” If requested by the customer, we will return back a scanned copy of cancellation of this PDC once the loan amount is successfully repaid.

  • SIP Micro SIP (For SIP through Auto-Debit (Direct Debit/ECS/NACH) please fill respective SIP registration cum mandate form)M M Y Y Y YSIP through Post Dated Cheques (Use CTS (Cheque Truncation System) Cheques only)Applicable in case of Third Party Payment:MinorClientEmployeeDistributorM M Y Y Y YPeriod ToFromCheque ToNos.

  • Investor with existing SIP facility through Post Dated Cheques can also avail of this facility by submitting the following documents 30 days before the next SIP Debit date.

  • The Lender shall have the right and sole discretion to revise the EMIs or to revise repayment period or both consequent upon change/revision in interest rate and/or in CHFRR and accordingly fresh set of Post Dated Cheques (“PDCs”) shall be deposited and/or irrevocable NACH/ECS mandate shall be given by the Borrower suo motu for revised EMIs.

  • DDCheque/DD No.Cheque / DD DateDrawn on (Bank / Branch Name)Account Type Please specifySavings Current NRE NRO FCNR Others Systematic Investment Plan (SIP) (Through Post Dated Cheques) MMFrequency (Please ✓) : Monthly Quarterly SIP/Micro SIP Date : 1st 7th 14th * Micro SIP `21st All four dates Installment AmountMMEnrolment Period From ToDrawn on (Bank / Branch Name)Cheque No(s).

  • Applications complete in all respects, may be submitted at the Official Points of Acceptance of HDFC Mutual Fund (the Fund).New investors wishing to make SIP investment will need to complete and submit both the Application Form and the SIP Enrolment Form (for Post Dated Cheques or for Auto Debit/ Standing Instruction as applicable).The Application Form should be completed in ENGLISH and in BLOCK LETTERS only.

  • Investors have choice of three payment options Post Dated Cheques  Direct Debit Instructions Electronic Clearing Services (ECS)  National Automated Clearing House (NACH)Please refer to the Terms & Conditions and Instructions on the reverse of the SIP Registration cum Mandate Form.

  • SIPMicro SIP(For SIP through Auto-Debit (Direct Debit/ECS/NACH) please fill respective SIP registration cum mandate form)M M Y Y Y YSIP through Post Dated Cheques (Use CTS (Cheque Truncation System) Cheques only)Applicable in case of Third Party Payment:MinorClientEmployeeDistributorM M Y Y Y YPeriod ToFromCheque ToNos.

  • Applications complete in all respects, may be submitted at the Official Points of Acceptance of HDFC Mutual Fund (the Fund).New investors wishing to make SIP investment will need to complete and submit both the Application Form and the SIP Enrolment Form (for Post Dated Cheques or for Auto Debit/ ECS/ Standing Instruction as applicable).The Application Form should be completed in ENGLISH and in BLOCK LETTERS only.


More Definitions of Post Dated Cheques

Post Dated Cheques. (PDCs) shall mean the cheques issued by the Borrower to match the due date of each installment.
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Related to Post Dated Cheques

  • Eligible Expense means the lesser of the reasonable, customary, usual, fair market value charge for a covered service or the provider's actual charge.

  • Collective agreement year means each twelve (12) month period commencing on the first day of the renewed collective agreement. For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.

  • Payment Year means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment “for a Payment Year” mean the Initial Year Payments or Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.

  • Earnable compensation means the full rate of the

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Service credit year means an accumulation of months of

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Agreement Year means a period of 12 months beginning on the Effective Date and each subsequent anniversary thereof.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Leave Year means the year ending with the anniversary date of the employee’s appointment.

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph 5.2.1 below. (Payment pursuant to this Contract shall be made as earned, in whole or in part, from available County funds in an amount not to exceed the contract amount.) 5.2.1 Prior to Contract Completion, unless terminated prior to Completion, progress payments shall occur in an amount equal to:

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Election Year means a year in which ordinary elections for local governments are required to be held;