Common use of Default Decision Clause in Contracts

Default Decision. For each account utilizing this Service, Customer shall elect a continuing default decision classification for all Exception Items, on the Enrollment Form. The default classification choices shall be: (a) Pay all Exception Items if Customer has not issued a Return Request by the deadline in t h e E nrollment Form; or (b) Return all Exception Items if Customer has not issued a Pay Request by the deadline in Enrollment Form. Customer's elections shall be a "Default Decision". Notwithstanding the foregoing, a Default Direction does not apply to checks presented in person at Bank's branches for payment. If the comparison between the presented check and the Issued Check Record results in an Exception Item as defined herein, the check will not be accepted for payment by Bank.