Differing Amounts Sample Clauses
The 'Differing Amounts' clause establishes how variations in specified amounts, such as payments, fees, or quantities, are to be handled under the agreement. Typically, this clause outlines procedures for reconciling discrepancies between amounts stated in different parts of the contract or between the contract and related documents, such as invoices or schedules. By providing a clear method for resolving inconsistencies, the clause ensures that both parties have a mutual understanding of their financial obligations and helps prevent disputes arising from conflicting figures.
Differing Amounts. If the guarantee (written) and courtesy (numeric) amounts of a check differ, the check will be processed according to the written amount. If the written amount is unreadable, we will process the check for the numeric amount. For Checks in the amount of ten thousand dollars ($10,000) or more, we will make a reasonable effort to call you for instructions. • Foreign Checks: Foreign Checks or Checks drawn on a currency other than U.S. dollars will be sent for collection and deposited unless you have requested in writing that foreign Checks be returned to you unprocessed. We will not inspect any Check or Charge for any writing (except as specifically set forth above), and we will not be responsible for taking (or failing to take) any action based upon such writing. * This is because your claim against the remitter of the check generally will not be discharged if you have given a conspicuous notice to your remitters (account debtors) that communications concerning disputed debts, including Checks tendered in full satisfaction, are to be sent to a designated person or officer other than the Lockbox. This note is for information only and not a legal opinion. You should consult with your attorney concerning your compliance with this provision which is specified in Uniform Commercial Code Section 3-311.
Differing Amounts. The BANK reserves the right but is under no obligation to verify for items in which the words and figure amounts differ. If the BANK does isolate these items the word amount will be credited to the CUSTOMER’s account.
Differing Amounts. If the amount of an Item written in words and figures differ, and the Item is accompanied by an invoice or statement and the amount on the statement matches the amount written in figures, the Item will be processed for the amount written in figures. In the event Bank One processes the Item for the amount written in figures, the Servicer shall indemnify Bank One for any claim which may arise from that action.
Differing Amounts. In the event an Item contains inconsistent written and numeric amounts; (1) if the Item is accompanied by an invoice and one of the amounts is consistent with the invoice amount, the Item will be deposited for the invoice amount or (2) if (a) if the Item is accompanied by an invoice and neither of the amounts are consistent with the invoice amount or (b) the Item is not accompanied by an invoice, the Item will be deposited for the written amount.