NRS 104A.4406 – Payment by originator to beneficiary; discharge of underlying obligation.
1. Except as otherwise provided in subsection 5 of NRS 104A.4211 and subsections 4 and 5 of NRS 104A.4405, the originator of a funds transfer pays the beneficiary of the originator’s payment order at the time a payment order for the benefit of the beneficiary is accepted by the beneficiary’s bank in the funds transfer […]
NRS 104A.4401 – Payment date.
“Payment date” of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary’s bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary’s bank and, unless otherwise determined, […]
NRS 104A.4402 – Obligation of sender to pay receiving bank.
1. This section is subject to NRS 104A.4205 and 104A.4207. 2. With respect to a payment order issued to the beneficiary’s bank, acceptance of the order by the bank obliges the sender to pay the bank the amount of the order, but payment is not due until the payment date of the order. 3. This […]
NRS 104A.4403 – Payment by sender to receiving bank.
1. Payment of the sender’s obligation under NRS 104A.4402 to pay the receiving bank occurs as follows: (a) If the sender is a bank, payment occurs when the receiving bank receives final settlement of the obligation through a Federal Reserve bank or through a funds-transfer system. (b) If the sender is a bank and the […]
NRS 104A.4404 – Obligation of beneficiary’s bank to pay and give notice to beneficiary.
1. Except as otherwise provided in subsection 5 of NRS 104A.4211 and subsections 4 and 5 of NRS 104A.4405, if a beneficiary’s bank accepts a payment order, the bank is obliged to pay the amount of the order to the beneficiary of the order. Payment is due on the payment date of the order, but […]
NRS 104A.4405 – Payment by beneficiary’s bank to beneficiary.
1. If the beneficiary’s bank credits an account of the beneficiary of a payment order, payment of the bank’s obligation under subsection 1 of NRS 104A.4404 occurs when and to the extent the beneficiary is notified of the right to withdraw the credit, the bank lawfully applies the credit to a debt of the beneficiary, […]
NRS 104A.2406 – Procedure on excused performance.
1. If the lessee receives notification of a material or indefinite delay or an allocation justified under NRS 104A.2405, the lessee may by written notification to the lessor as to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is […]
NRS 104A.2407 – Irrevocable promises: Finance leases.
1. In the case of a finance lease that is not a consumer lease the lessee’s promises under the lease contract become irrevocable and independent upon the lessee’s acceptance of the goods. 2. A promise that has become irrevocable and independent under subsection 1: (a) Is effective and enforceable between the parties, and by or […]
NRS 104A.2401 – Insecurity: Adequate assurance of performance.
1. A lease contract imposes an obligation on each party that the other’s expectation of receiving due performance will not be impaired. 2. If reasonable grounds for insecurity arise with respect to the performance of either party, the insecure party may demand in writing adequate assurance of due performance. Until the insecure party receives that […]
NRS 104A.2402 – Anticipatory repudiation.
If either party repudiates a lease contract with respect to a performance not yet due under the lease contract, the loss of which performance will substantially impair the value of the lease contract to the other, the aggrieved party may: 1. For a commercially reasonable time, await retraction of repudiation and performance by the repudiating […]