Common use of Differing Amounts Clause in Contracts

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.