Common use of DEPOSITS AND DEPOSITED EFFECTS Clause in Contracts

DEPOSITS AND DEPOSITED EFFECTS.  THE BANK shall receive from the CUSTOMER deposits of one Balboa / US dollar onwards (legal currency and country) but may reject from THE CUSTOMER any deposit, limit the amount that can be deposited, return to THE CUSTOMER all or part of a Deposit, close his account whenever it deems it convenient without requiring to have a justified cause or reason.  Deposits to the checking account shall be made in the special forms of THE BANK, and THE CUSTOMER shall fill in all the data required in them. When depositing checks, drafts, money orders or any other negotiable effects, THE CUSTOMER convenes that they are received by THE BANK in its capacity as collection agent of THE CUSTOMER and for the account and risk of the latter and subject to subsequent verification, that is to say, for collection, for which their amounts shall be available only after they have been actually paid to THE BANK. THE BANK assumes no responsibility other than to act with the same diligence and care that men ordinarily employ in their business. THE BANK may send the checks and other negotiable effects to its correspondents, but shall not be responsible for the negligence of such correspondents. The BANK shall not be responsible for losses that occur in transit, that is to say, in the transmission of checks and other negotiable effects to its correspondent and, from one correspondent to another. Each one of the correspondents shall be responsible for their own fault or negligence. The notation of any sum, reflected in the deposited checks, is merely provisional, therefore THE BANK has the right to debit at any time the amount of any check or negotiable effect that, having been deposited, was not paid to THE BANK for any reason. The power of THE BANK to debit the account for effects not paid thereto subsists even when the effect in question cannot be returned because it has been lost, misplaced or destroyed. In the case of cash in the deposits made in the night mailboxes or similar deposits or at convenient ATMs, or deposit by stock exchange through agencies for the management of stock or stock exchanges over the counter, they shall also be accepted subject to later verification by THE BANK.  If for any circumstance THE BANK allows the Customer to draw against the effects deposited on collection, THE BANK reserves the right to charge an additional free every time this authorization is given.  In addition, in cases wherein THE CUSTOMER or other person deposits checks, drafts or other negotiable instruments, THE CUSTOMER or depositor shall guarantee the legitimacy of the signature of the drawer and the endorsers, and agrees that such documents are received by THE BANK for collection, at the risk of THE CUSTOMER. The stamp of the cashier on the slip shall represent the confirmation that THE BANK has received in conformity only the cash detailed in the deposit slip and, in consequence, THE CUSTOMER authorizes the BANK to debit from his account the amount of any check or effect which, although having been credited to the account and paid by THE BANK drawn against, is subsequently returned by said BANK for having been unduly paid.  In any case, THE CUSTOMER releases the BANK of every liability and undertakes to indemnify it for any damage suffered by the CUSTOMER because of the fact that the checks, drafts, or other effects that THE CUSTOMER deposits in his account have been altered or whose signatures have been forged.  THE BANK reserves the right to require the name of the depositor on all deposit slips.  In the event that a Customer requires an authentic copy or reproduction of a check drawn against a product or a local or foreign deposit and / or returned, THE BANK shall deliver a digitalized copy with the certification that it is a true copy of the original. THE CUSTOMER releases the BANK from every responsibility and undertakes to indemnify it for every damage or prejudice that it suffers due to checks, drafts, money orders or other effects that THE CUSTOMER deposits in its account, that have been altered or whose signatures have been forged.

DEPOSITS AND DEPOSITED EFFECTS.  THE BANK shall receive from the CUSTOMER deposits of one Balboa / US dollar onwards (legal currency and country) but may reject from THE CUSTOMER any deposit, limit the amount that can be deposited, return to THE CUSTOMER all or part of a Deposit, close his account whenever it deems it convenient without requiring to have a justified cause or reason.  • Deposits to the checking account shall be made in the special forms of THE BANK, and THE CUSTOMER shall fill in all the data required in them. When depositing checks, drafts, money orders or any other negotiable effects, THE CUSTOMER convenes that they are received by THE BANK in its capacity as collection agent of THE CUSTOMER and for the account and risk of the latter and subject to subsequent verification, that is to say, for collection, for which their amounts shall be available only after they have been actually paid to THE BANK. THE BANK assumes no responsibility other than to act with the same diligence and care that men ordinarily employ in their business. THE BANK may send the checks and other negotiable effects to its correspondents, but shall not be responsible for the negligence of such correspondents. The BANK shall not be responsible for losses that occur in transit, that is to say, in the transmission of checks and other negotiable effects to its correspondent and, from one correspondent to another. Each one of the correspondents shall be responsible for their own fault or negligence. The notation of any sum, reflected in the deposited checks, is merely provisional, therefore THE BANK has the right to debit at any time the amount of any check or negotiable effect that, having been deposited, was not paid to THE BANK for any reason. The power of THE BANK to debit the account for effects not paid thereto subsists even when the effect in question cannot be returned because it has been lost, misplaced or destroyed. In the case of cash in the deposits made in the night mailboxes or similar deposits or at convenient ATMs, or deposit by stock exchange through agencies for the management of stock or stock exchanges over the counter, they shall also be accepted subject to later verification by THE BANK.  • If for any circumstance THE BANK allows the Customer to draw against the effects deposited on collection, THE BANK reserves the right to charge an additional free every time this authorization is given.  • In addition, in cases wherein THE CUSTOMER or other person deposits checks, drafts or other negotiable instruments, THE CUSTOMER or depositor shall guarantee the legitimacy of the signature of the drawer and the endorsers, and agrees that such documents are received by THE BANK for collection, at the risk of THE CUSTOMER. The stamp of the cashier on the slip shall represent the confirmation that THE BANK has received in conformity only the cash detailed in the deposit slip and, in consequence, THE CUSTOMER authorizes the BANK to debit from his account the amount of any check or effect which, although having been credited to the account and paid by THE BANK drawn against, is subsequently returned by said BANK for having been unduly paid.  • In any case, THE CUSTOMER releases the BANK of every liability and undertakes to indemnify it for any damage suffered by the CUSTOMER because of the fact that the checks, drafts, or other effects that THE CUSTOMER deposits in his account have been altered or whose signatures have been forged.  • THE BANK reserves the right to require the name of the depositor on all deposit slips.  • In the event that a Customer requires an authentic copy or reproduction of a check drawn against a product or a local or foreign deposit and / or returned, THE BANK shall deliver a digitalized copy with the certification that it is a true copy of the original. THE CUSTOMER releases the BANK from every responsibility and undertakes to indemnify it for every damage or prejudice that it suffers due to checks, drafts, money orders or other effects that THE CUSTOMER deposits in its account, that have been altered or whose signatures have been forged.

DEPOSITS AND DEPOSITED EFFECTS.  THE BANK shall will receive from the CUSTOMER CLIENT deposits of one a Balboa / US dollar onwards (legal currency and country) but may reject from THE CUSTOMER any deposit, limit the amount that can be deposited, return to THE CUSTOMER CLIENT all or part of a Deposit, close his Deposit your account whenever it deems when you deem it convenient without requiring having to have a justified cause or reason.  Deposits to the checking current account shall must be made in the special forms of THE BANK, and THE CUSTOMER shall must fill in all the data required in them. When depositing checks, drafts, money orders drafts or any other negotiable effects, THE CUSTOMER convenes CLIENT agrees that they are received by THE BANK in its capacity as collection agent of collection of THE CUSTOMER CLIENT and for at the account and risk of the latter and subject to subsequent verificationfurther verification that is, that is to say, for at the collection, for which so that their amounts shall will be available only after they have actually been actually paid to THE BANK. THE BANK assumes no responsibility other than to act with the same diligence and care that men ordinarily employ in their business. THE BANK may send the checks and other negotiable effects to its correspondents, but shall will not be responsible for the lack of negligence of such correspondents. The BANK shall will not be responsible for losses that occur in transit, that is to sayis, in the transmission of checks and other negotiable effects to its correspondent and, from one correspondent to another. Each one of the correspondents shall will be responsible for their own fault or negligence. The notation note of any sum, reflected in the deposited checks, is merely provisional, therefore so THE BANK has the right to debit at any time the amount of any check or negotiable effect that, having been deposited, was not paid to THE EL BANK for any reasoncircumstance. The power of THE BANK to debit the account for effects not paid thereto to it subsists even when the effect in question cannot be returned because it has been lost, misplaced lost or destroyed. In the case of cash in the deposits made in the mailboxes of night mailboxes or similar deposits or at convenient ATMs, or deposit by stock exchange through agencies for the management of stock or stock exchanges over on the counter, they shall will also be accepted subject to later verification by THE BANK.  If for any circumstance THE BANK allows the Customer Client to draw against rotate on the effects deposited on at the collection, THE BANK reserves the right to charge an additional free every charge each time this authorization is given.  In addition, in cases wherein where THE CUSTOMER CLIENT or other person deposits checks, drafts or other negotiable instrumentsdocuments, THE CUSTOMER CLIENT or depositor shall guarantee the legitimacy of the signature of the drawer and the endorsers, and agrees that such documents are received by THE BANK for collection, at the risk of THE CUSTOMERCLIENT. The stamp of the cashier on the slip flywheel shall represent the confirmation that acknowledgment of THE BANK has of having received in conformity according only the cash detailed in the deposit slip and, in consequenceconsequently, THE CUSTOMER authorizes the BANK to debit from his account the amount of pg. 18 Rev. 06/13/2017 any check or effect which, although that Notwithstanding having been credited to the account and paid by THE BANK drawn againstdrafted, is subsequently returned by said BANK for having been unduly paid.  In any case, THE CUSTOMER CLIENT releases the BANK of every from all liability and undertakes to indemnify it for any damage damages suffered by the CUSTOMER CLIENT because of the fact that the checks, drafts, drafts or other effects that THE CUSTOMER CLIENT deposits in his account have been altered or whose Whose signatures have been forged.  THE BANK reserves the right to require demand the name of the depositor on all deposit slipsflyers of deposit.  In the event that a Customer Client requires an authentic copy or reproduction of a check drawn against a product or a local or foreign deposit and / or returned, THE BANK shall will deliver a digitalized digitized copy with the certification that it is a true copy of the original. THE CUSTOMER releases the BANK from every responsibility all liability and undertakes to indemnify it for every any damage or prejudice that it suffers due to checks, drafts, money orders drafts or other effects that THE CUSTOMER CLIENT deposits in its account, that have been altered or whose signatures have been forgedBeen falsified.

DEPOSITS AND DEPOSITED EFFECTS.  THE BANK shall will receive from the CUSTOMER CLIENT deposits of one a Balboa / US dollar onwards (legal currency and country) but may reject from THE CUSTOMER any deposit, limit the amount that can be deposited, return to THE CUSTOMER CLIENT all or part of a Deposit, close his Deposit your account whenever it deems when you deem it convenient without requiring having to have a justified cause or reason.  Deposits to the checking current account shall must be made in the special forms of THE BANK, and THE CUSTOMER shall must fill in all the data required in them. When depositing checks, drafts, money orders drafts or any other negotiable effects, THE CUSTOMER convenes CLIENT agrees that they are received by THE BANK in its capacity as collection agent of collection of THE CUSTOMER CLIENT and for at the account and risk of the latter and subject to subsequent verificationfurther verification that is, that is to say, for at the collection, for which so that their amounts shall will be available only after they have actually been actually paid to THE BANK. THE BANK assumes no responsibility other than to act with the same diligence and care that men ordinarily employ in their business. THE BANK may send the checks and other negotiable effects to its correspondents, but shall will not be responsible for the lack of negligence of such correspondents. The BANK shall will not be responsible for losses that occur in transit, that is to sayis, in the transmission of checks and other negotiable effects to its correspondent and, from one correspondent to another. Each one of the correspondents shall will be responsible for their own fault or negligence. The notation note of any sum, reflected in the deposited checks, is merely provisional, therefore so THE BANK has the right to debit at any time the amount of any check or negotiable effect that, having been deposited, was not paid to THE EL BANK for any reasoncircumstance. The power of THE BANK to debit the account for effects not paid thereto to it subsists even when the effect in question cannot be returned because it has been lost, misplaced lost or destroyed. In the case of cash in the deposits made in the mailboxes of night mailboxes or similar deposits or at convenient ATMs, or deposit by stock exchange through agencies for the management of stock or stock exchanges over on the counter, they shall will also be accepted subject to later verification by THE BANK.  If for any circumstance THE BANK allows the Customer Client to draw against rotate on the effects deposited on at the collection, THE BANK reserves the right to charge an additional free every charge each time this authorization is given.  In addition, in cases wherein where THE CUSTOMER CLIENT or other person deposits checks, drafts or other negotiable instrumentsdocuments, THE CUSTOMER CLIENT or depositor shall guarantee the legitimacy of the signature of the drawer and the endorsers, and agrees that such documents are received by THE BANK for collection, at the risk of THE CUSTOMERCLIENT. The stamp of the cashier on the slip flywheel shall represent the confirmation that acknowledgment of THE BANK has of having received in conformity according only the cash detailed in the deposit slip and, in consequenceconsequently, THE CUSTOMER authorizes the BANK to debit from his account the amount of pg. 18 Rev. 03-27-2017 any check or effect which, although that Notwithstanding having been credited to the account and paid by THE BANK drawn againstdrafted, is subsequently returned by said BANK for having been unduly paid.  In any case, THE CUSTOMER CLIENT releases the BANK of every from all liability and undertakes to indemnify it for any damage damages suffered by the CUSTOMER CLIENT because of the fact that the checks, drafts, drafts or other effects that THE CUSTOMER CLIENT deposits in his account have been altered or whose Whose signatures have been forged.  THE BANK reserves the right to require demand the name of the depositor on all deposit slipsflyers of deposit.  In the event that a Customer Client requires an authentic copy or reproduction of a check drawn against a product or a local or foreign deposit and / or returned, THE BANK shall will deliver a digitalized digitized copy with the certification that it is a true copy of the original. THE CUSTOMER releases the BANK from every responsibility all liability and undertakes to indemnify it for every any damage or prejudice that it suffers due to checks, drafts, money orders drafts or other effects that THE CUSTOMER CLIENT deposits in its account, that have been altered or whose signatures have been forgedBeen falsified.