Counterfeit Money Clause Samples
The Counterfeit Money clause establishes the rules and responsibilities regarding the handling of fake or forged currency within a transaction or agreement. Typically, this clause outlines the procedures to follow if counterfeit money is discovered, such as requiring the party who provided the counterfeit funds to replace them with genuine currency or bear the associated losses. Its core practical function is to protect parties from financial harm and disputes arising from the inadvertent or intentional use of counterfeit money, thereby ensuring trust and integrity in monetary exchanges.
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Counterfeit Money. ▇▇▇▇▇ County Credit Union will only be responsible for currency given out at the time of the transaction. Members and non-members are responsible for verifying all cash before the completion of their transaction. Any bill that is presented for deposit at ▇▇▇▇▇ County Credit Union, and deemed as a potential counterfeit, will be sent to the United States Secret Service for Verification.
Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may defend at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to defend or settle.
Counterfeit Money. Any loss to you through the acceptance in good faith of money subsequently found to be counterfeit.
Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United Stat es of America money subsequ ently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may def end at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to def end or settle. This insurance is hereby extended to include loss or damage caused directly by the backing-up of sew ers, sumps, septic tanks or drains. This extension does not insure damage caused by continuous or rep eated seep age or leakage; the escape, overflow , or backing-up of w ater from sew ers due to rising or overflow ing of streams or ot her bodies of w ater; or occurring w ▇▇▇▇ the building is un der cons truction or is vacant, even though permission may have been given for construction or vacancy. The Insurer is liable for the amount by w hich the loss or damage caused by any of the perils insured against under this extension exceeds in any one occurrence the deductible amount, if any, specified on the Declarations Page applicable to this extension. The Insurer is not liable for loss or damage caused by any of the perils insured against in any one occurrence in excess of the sub-limit, if any, specified on the Declarations Page applicable to this extension. If Restricted to locations is indicated on the Declarations Page applicable to this extension, sew er back-up coverage is restricted to the locations so indicated. All other terms and conditions of the policy to w hich this endorsement applies remain unchanged.
Counterfeit Money. Any loss to y ou through the acceptance in good f aith of money subsequently f ound to be counterf eit. We may make any inv estigation and settle any claim or suit brought against y ou f or liability under this section. We may def end at our discretion and at our expense, ov er and abov e the amount of insurance prov ided, either y ou or y our bank. Pay ment of our limit of insurance ends our duty to def end or settle. Statutory Conditions 1,3,4,5 and 15 only apply to Forms specif ically cov ering Liability for Bodily Injury , Property Damage, Med ical Pay ments and Residence Voluntary Compensation. Otherwise, all of the Conditions set f ▇▇▇▇ under the titles Statutory Conditions and Additional Conditions apply with respect to all of the perils insured by this policy except that these Conditions may be modif ied or supplemented by the Forms or Endorsements attached.
Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may defend at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to defend or settle. Statutory Conditions 1, 3, 4, 5 and 15 only apply to Forms specifically covering Liability for Bodily Injury, Property Damage, Medical Payments and Residence Voluntary Compensation. Otherwise, all of the Conditions set forth under the titles Statutory Conditions and Additional Conditions apply with respect to all of the perils insured by this policy except that these Conditions may be modified or supplemented by the Forms or Endorsements attached.
Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit.
Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may defend at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to defend or settle. This insurance is hereby extended to include loss or damage caused directly by the backing-up of sewers, sumps, septic tanks or drains. This extension does not insure damage caused by continuous or repeated seepage or leakage; the escape, overflow, or backing-up of water from sewers due to rising or overflowing of streams or other bodies of water; or occurring while the building is under construction or is vacant, even though permission may have been given for construction or vacancy. The Insurer is liable for the amount by which the loss or damage caused by any of the perils insured against under this extension exceeds in any one occurrence the deductible amount, if any, specified on the Declarations Page applicable to this extension. The Insurer is not liable for loss or damage caused by any of the perils insured against in any one occurrence in excess of the sub-limit, if any, specified on the Declarations Page applicable to this extension. If Restricted to locations is indicated on the Declarations Page applicable to this extension, sewer back-up coverage is restricted to the locations so indicated. All other terms and conditions of the policy to which this endorsement applies remain unchanged. (For use on property policies)
1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease.
2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test:
2.1. for a Communicable Disease, or
2.2. any property insured he...
