Credit for Deposits. A receipt or similar document may be provided or made available upon request for all deposits to Customer’s account (except for remote deposits, e.g., lockbox, night depository services). However, the amount on such receipt or similar document is based solely on Customer’s deposit ticket. Credits for all deposits are subject to final verification and, after review, the Depositary may make adjustments to Customer’s account for any errors, including any errors appearing on Customer’s deposit ticket, but has no obligation to do so for de minimus discrepancies.
Credit for Deposits. All deposits (including checks and electronic deposits) are received and credited by us provisionally and subject to final payment. The Bank may reverse a credit (i) any time before final payment of the deposited item, (ii) if a deposited item is returned to us, (iii) for a transfer into your account if that transfer is returned or reversed, upon which we may also place a hold on your account for the amount of any return or reversal, (iv) if a claim is made against us that relates to the deposited item or transfer, or (v) if we do not receive final payment in a reasonable time. We may do these things even though another party was late in making its return, reversal, claim, or was considered to have finally paid the item. Even though we have issued a receipt, we may make reversals, corrections and adjustments if we determine they are appropriate (i.e., we may correct errors). Credits may be reversed even though we permitted you to make withdrawals or transfers of the credited funds. We may credit deposits and incoming transfers solely on the account number provided to us (even if that number does not match other information we receive). We are not responsible for your errors in identifying the account to credit for a deposit.
Credit for Deposits. All deposits are subject to proof and verification. If you deposit a check, draft or other non-cash item, we have the right to clear it before we make the money available to you subject to applicable federal regulations. If there are special fees for collecting your deposit, you promise to pay them (see our Rate and Fee Schedule for a list of fees). We may deduct them directly from your account. If we feel there is a reason, we may refuse, limit or return any deposit. We have the right to refuse to accept any deposit and we specifically reserve the right to refuse to accept checks for deposit that have more than one endorsement. We reserve the right not to pay interest on amounts subject to garnishment, levy or other legal process and to assess a fee for processing a garnishment, levy or other legal process; and we reserve the right not to pay interest on any deposit that is returned to us unpaid by the financial institution on which it is drawn (even if that means a reversal of credited interest). Your account will be charged for any check or other deposited item that is returned or is uncollectible for any reason. You will not receive notice before such a charge is made. We will notify you after your account has been charged. We may require all items presented for deposit, including items payable to cash or bearer, to be endorsed in our presence by the person depositing them. We may, in our sole discretion, supply any missing endorsements on items requested for deposit. All negotiable instruments presented for deposit must be in a format that can be processed and/or photographed. The Credit Union may refuse to accept any check or draft that does not meet this requirement. All endorsements placed on the reverse side of any check or draft which you deposit to your account must be placed so that they are on the left side of the item when looking at it from the front and must be placed so they do not go beyond an area located 1 and 1/2 inches from the left edge of the item when looking at it from the front. The Credit Union may refuse to accept any item that does not meet this requirement, and, if the Credit Union does accept it, you agree that you are completely responsible for any loss we incur which is premised on an endorsement not meeting this requirement, including any court costs and reasonable attorney fees. Any item presented to the Credit Union that is made payable to the Organization must be deposited into one of the Organization’s accounts.
Credit for Deposits. All deposits are subject to proof and verification. If you deposit a check, draft or other non-cash item, we have the right to clear it before we make the money available to you subject to applicable federal regulations. If there are fees for collecting your deposit, you promise to pay them. We may deduct them directly from your account. If we feel there is a reason for doing so (at our sole discretion), we may refuse, limit or return any deposit. We have the right to refuse to accept any deposit and we specifically reserve the right to refuse to accept checks for deposit that have more than one endorsement. We reserve the right not to pay dividends on amounts subject to garnishment, levy or other legal process and to assess a fee for processing a garnishment, levy or other legal process; and we reserve the right not to pay dividends on any deposit that is returned to us unpaid by the financial institution on which it is drawn (even if that means a reversal of credited dividends). Your account will be charged for any check or other deposited item that is returned or is uncollectible for any reason. You will not receive notice before such a charge is made. We will notify you after your account has been charged either with a separate notice or on your next periodic statement. We may require all items presented for deposit, including items payable to cash or bearer, to be endorsed in our presence by one of your authorized representatives. We may in our sole discretion supply any missing endorsements on items deposited into your account.
Credit for Deposits. A receipt or similar document may be provided or made available upon request for all financial assets credited to the Account (except for remote deposits, e.g., lockbox, night depository services). However, the amount on such receipt or similar document is based solely on Customer’s deposit ticket. Credits for all financial assets credited to the Account are subject to final verification and, after review, the Securities Intermediary may make adjustments to the Account for any errors, including any errors appearing on Customer’s entitlement orders, but has no obligation to do so for de minimus discrepancies.
Credit for Deposits. All deposits (including checks and electronic deposits) are received and credited by us provisionally and subject to final payment. The Bank may reverse a credit (i) any time before final payment of the deposited item, (ii) if a deposited item is returned to us, (iii) for a transfer into your account if that transfer is returned or reversed, upon which we may also place a hold on your account for the amount of any return or reversal, (iv) if a claim is made against us that relates to the deposited item or transfer, or (v) if we do not receive final payment in a reasonable time. We may do these things even though another party was late in making its return, reversal, claim or was considered to have finally paid the item. Even though we have issued a receipt, we may make reversals, corrections and adjustments if we detBearcmk tionTeopthey are appropriate (i.e., we may correct errors). Credits may be reversed even though we permitted you to make withdrawals or transfers of the credited funds. We may credit deposits and incoming transfers solely on the account number provided to us (even if that number does not match other information we receive). We are not responsible for your errors in identifying the account to credit for a deposit.
Credit for Deposits. This Service, if offered by us, allows you to make deposits directly into a Corresponding Bank Account at any office or processing facility of the Depository Bank arranged to accept such deposits. By this Service, the Depository Bank can create electronic images (“Electronic Images”) of paper checks and drafts, and transmit an electronic file or image cash letters (“ICL”) of such Electronic Images and other information (collectively, the “Electronic File”) to the Bank for deposit to your Deposit account with us (“Customer’s Account”). Electronic Images shall be deemed received upon successful receipt of the transmission of such images that are complete, usable, and adhere to the data specifications provided by the Bank. If the Electronic Images are not complete, are not useable, or do not adhere to such data specifications, the Images may not be processed by the Bank or its agents, in which event your deposit will be adjusted and notification will be provided. After we receive your Electronic File, the Bank, at its sole option, uses the Electronic File to either: (a) create substitute check(s) (“substitute checks”, “Image Replacement Documents”, “IRDs” as defined in the Check Clearing for the 21st Century Act.), that the Bank presents to the bank on which the Paper Item is either: (i) drawn or (ii) payable at or through (each, “Paying Bank”); or (b) generate one or more electronic files (from the original Electronic File) for presentment directly or indirectly to Paying Bank. The Bank in its sole discretion determines the manner of processing. All such processing and presentment shall be done in accordance with time frames and deadlines established by the Bank from time to time. The Bank reserves the right to defer credit for deposits, pending confirmation of the deposit directly from the Depository Bank, that are in an amount more than twice the average deposit amount of deposits during the prior thirty (30) days or for deposits that appear to Bank, its sole discretion, to be either inappropriate or not in the ordinary course of business. The Bank also reserves the right to defer credit for deposit if you are in default under any monetary obligation to the Bank, if you are the subject to a bankruptcy or receivership proceeding, or if the Bank has received a levy, attachment, writ of execution, restraining order, bankruptcy notice, or other item which might restrict withdrawals from accounts generally.
Credit for Deposits. A receipt or similar document may be provided or made Exhibit 10.59 available to the Servicer or the Indenture Trustee upon request by such party for all deposits to the Account (except for remote deposits, e.g. lockbox, night depository services). However, the amount on such receipt or similar document is based solely on the deposit ticket provided to the Servicer or the Indenture Trustee. Credits for all deposits are subject to final verification and, after review, Bank One may make adjustments to the Account for any errors, including any errors appearing on the deposit ticket, but has no obligation to do so for de minimus discrepancies.
