Collection and Deposits Sample Clauses

Collection and Deposits. In receiving items for deposit or collection in an Account, we act only as your agent and assume no liability in connection therewith, except for gross negligence. Any item received for deposit or collection in an Account or cashed by any Customer on an Account, or cashed for others on the endorsement of any Customer, will be treated as an uncollected item and held against the Account until final payment is received on such item in cash or unconditional credit acceptable to us. We may, at any time, charge-back an Account any item as to which final payment is not received in cash or unconditional credit acceptable to us. We may refuse to effectuate any transfer or withdrawal from an account or to make payment on any item drawn on an Account against funds held for collection. Any item made payable to us may be deposited to an Account without our notice or endorsement. Deposits may be made in an Account only at our Office. We shall not be deemed to have received any items sent by mail or delivered to us or any of our affiliates or subsidiaries or duly selected correspondents outside of the United States, until we have actually received delivery of same at our Office, during a regular Banking Day and during Banking Hours. Deposits received during regular Banking Hours will not be posted to an Account until the end of the Banking Day. Items received on any Banking Day after 2:00 p.m. shall be deemed received on our next Banking Day. We may at our sole discretion refuse a deposit, limit the amount which may be deposited or return all or any part of a deposit. Items deposited to an Account either by paper check or by electronic image will receive credit and become available for withdrawal or for other use by the Customer in accordance with federal and state law and as outlined in our Funds Availability Policy, as established from time to time. Deposits received by us during non-Banking Hours will be considered to be made in the next full Banking Day. If we accept for deposit into a U.S. dollar denominated Account any funds in a currency other than U.S. dollars, we will convert such funds into U.S. dollars at the conversion rate we use on the date of the conversion. Items deposited in an Account may, at our sole and absolute discretion, be given provisional credit prior to the receipt of final payment. If such provisional credit is given, it may be withdrawn by us at any time before the receipt of final payment of the deposited item. Should we fail to receive fina...
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Collection and Deposits. In receiving funds for deposit in an Account, Bank acts only as your agent and assumes no responsibility beyond the exercise of due care. The Bank may, at its discretion, refuse to receive any item received for deposit or collection in an Account by Customer on an Account, or cashed for others on the endorsement of Customer. In the event an item is received for deposit or collection in an Account or cashed by Customer on an Account, or cashed for others on the endorsement of Customer, such item will be treated as an uncollected item and held against the Account until final payment is received on such item in cash or unconditional credit acceptable to Bank. The Bank may, at any time, chargeback the Account in relation to any item as to which final payment is not received in cash or uncondi- tional credit acceptable to Bank. Bank may refuse to effectuate any transfer or withdrawal from an Account or to make payment on any item drawn on an Account against funds so held for collection. Deposits may be made in an Account at the Bank Office, via funds transfer, or, if available, electronically via the mobile banking platform available through the Bank's Internet Banking Services (as defined below), if available. Bank shall not be construed to have received any items sent by mail or delivered to any of its affiliates, branches, subsidiaries or duly selected correspondents, until Bank has actually received delivery of same at the Bank Office, during a regular Banking Day and within regular banking hours. Deposits received during regular banking hours will not be posted to an Account until after the close of Bank’s regular Banking Day. Items received on any Banking Day after Banking Hours shall be deemed received on Bank’s next Banking Day. Bank may at its sole discretion refuse a deposit, limit the amount which may be deposited or return all or part of a deposit. If the Bank accepts for deposit into a U.S. dollar denominated Account any funds in a currency other than U.S. dollars, the Bank will convert such funds into U.S. dollars at the conversion rate the Bank uses on the date of the conversion. In the event the Bank accepts any items deposited in an Account, the Bank may, at its sole discretion, give provisional credit prior to the receipt of final payment. If such provisional credit is given, it may be withdrawn by Bank at any time before the receipt of final payment of the deposited item. Should Bank fail to receive final payment on an item for which provisional credi...
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Related to Collection and Deposits

  • WITHDRAWALS AND DEPOSITS Unless You have made other arrangements with Us, amounts credited to Your Account as a result of deposits using the Debit Card will not be available for withdrawal until the deposits are verified and negotiable items such as cheques are paid. Withdrawals or transfers effected by the use of the Debit Card will be debited to Your Account at the time they are made. You will not deposit any coins or worthless, counterfeit or fraudulent items to Your Account, into any ATM, or using Your Mobile Device, and will pay to Us any damages, costs or losses suffered by Us as a result of any such deposit.

  • COLLECTION OF CHARGES 16.1 A Sector Association may request the consent of the Administrator to collect charges due from Operators to the Administrator in respect of facilities under the charging scheme.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Collections All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.

  • COLLECTION AND PROCESSING OF ITEMS In processing items You have deposited for collection, We are only Your agent and assume no responsibility beyond the exercise of ordinary care. Any item deposited is subject to final settlement in cash or credit. We may use any method We feel is appropriate to collect items, which may include use of a Federal Reserve Bank. We are not responsible for the acts of any third party We use for the collection of items including responsibility for lost items. If We use a local clearinghouse in the collection of items, You authorize Us to do so and to act in accordance with any applicable rules and regulations. We may permit You to withdraw funds from Your Account before final settlement has been made, however, if final settlement is not made, We have the right to charge Your Account or otherwise require You to repay such funds. In processing items presented for payment on Your Account, We will pay such items each business day in an order of Our choosing, all of which means that the transactions may not be processed in the order in which they occurred and that You could incur multiple fees in a single day should there be insufficient funds to pay all items presented that day.

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Collection of Items We act only as your agent and we are not responsible for handling items for deposit or collection beyond the exercise of ordinary care. We are not liable for the negligence of any correspondent or for loss in transit, and each correspondent will only be liable for its own negligence. We may send any item for collection. Items drawn on an institution located outside the United States are handled on a collection basis only. You waive any notice of nonpayment, dishonor, or protest regarding items we purchase or receive for credit or collection to your account. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor financial institution extra time beyond any midnight deadline limits.

  • Collection Fees If collection fees are assessed or attorney’s fees are expended by the University in the process of obtaining unpaid housing charges, the student will be responsible for the payment of those fees in addition to the unpaid housing charges.

  • PJM E-Accounts Buyer and Seller shall work with PJM to establish any PJM E-Accounts necessary for Seller to provide Full Requirements Service. In a timely manner, Xxxxx shall establish PJM E-Account contract(s) for the entire duration of the Transaction(s) and Seller shall confirm the PJM E-Account contract(s) for the entire duration of the Transaction(s).

  • Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:

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