Reserve for Payment definition

Reserve for Payment means deposit of the amount of a Dishonored Negotiable Instrument with the financial institution handling the Dishonored Negotiable Instruments with a request to hold same as “other payables”.
Sample 1Sample 2Sample 3
Reserve for Payment means deposit of the amount of a Dishonored Negotiable Instrument due to insufficient funds with the financial institution handling the Dishonored Negotiable Instruments with a request to hold same as “other payables”. 四、「重提付訖」：指退票後重新提示，於支票存款帳戶或其他應付款帳戶內付訖之謂。 “Re-Presentation and Payment” shall mean re-presentation of a Dishonored Negotiable Instrument and payment thereon from the checking account or “other payables” account. 五、「註記」：指支票存款戶如有退票紀錄、清償贖回或其他涉及其票據信用之事實時，由票據交換所予以註明，備供查詢之謂。 “Record” shall mean recordation by the Bills Clearing House of Dishonored Negotiate Instruments, Redemptions and other facts relevant to a Depositor’s credit on negotiable instruments available for inquiry. 六、「終止擔當付款人之委託」：指金融業者終止受託為支票存款戶所簽發本票之擔當付款人之謂。 “Termination of Mandate as a Paying Agent” shall mean termination of a financial institution’s mandate to act as paying agent for a promissory note issued by the Depositor. 七、「拒絕往來」：指金融業者拒絕與票據信用紀錄顯著不良支票存款戶為支票存款往來之謂。
Sample 1Sample 2Sample 3
Reserve for Payment means deposit by you of the face amount of a Dishonoured Negotiable Instrument with the financial institution handling the Dishonoured Negotiable Instruments together with a request to hold the same as “other payables”.「人民幣」：指中國大陸法定貨幣。
Sample 1Sample 2

Examples of Reserve for Payment in a sentence

  • However, the preceding provision shall not apply if a Reserve for Payment of the attached amount has been deposited with the Bank.

Related to Reserve for Payment

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Reserve As defined in Section 9.5.1.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Interest Reserve Account” and which shall be an Eligible Account.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.