Digital or Electronic Representations Sample Clauses

Digital or Electronic Representations. Vancity is entitled to act upon any Digital or Electronic Representation made on your behalf, or reasonably appearing to be made on your behalf, for all purposes as though it were an original paper document or Instrument or an Instruction delivered directly to us by you and signed by your Signing Officers. You acknowledge that we and other financial institutions may reject or refuse to act upon any Digital or Electronic Representations, documents or Instruments that do not comply in all respects with all applicable laws, as well as the by-laws, regulations, Rules and standards of Payments Canada or Vancity.

Digital or Electronic Representations. You acknowledge that currency as the Account. digital or electronic representations of cheques and other Instruments, or the relevant information from the cheque or 17. Assignment of claim. If CIBC notifies you, you will transfer and Instrument, may be made or captured and used by financial assign to CIBC, in connection with any and all Instruments institutions involved in the exchange and clearing of payments in discounted by or deposited to CIBC, or which you have cashed, Canada and elsewhere, in which case the original paper item may all claims you have against the drawees of such Instruments. If be destroyed and not returned to you. CIBC is entitled to act upon any such Instrument is returned to CIBC, CIBC may at its such a representation or information for all purposes as if it were discretion take in your name any proceedings for collection of the the original paper item. You acknowledge that CIBC and other amount of such Instrument. financial institutions may reject any cheque or other Instrument that does not comply in all respects with all applicable by-laws, 18. If thereisnoCIBC branch. If, in connection with your banking regulations, rules and standards of CIBC and the Canadian business, it is necessary to do something at a place where there Payments Association. is no CIBC branch, CIBC may use the services of any bank or other financial institution or agency (the "correspondent bank") to 23. Data processing. CIBC may use the services of any electronic do so. In such case, CIBC will not be liable for any act or omission data processing service bureau or organization in connection with of the correspondent bank in the performance of the services keeping your Account. In such a case, CIBC will not be liable to required of it or for the loss, damage, destruction or delayed you by reason of any act, delay or omission of such service delivery of any Instrument, security, certificate or other document bureau or organization in the performance of the services of any kind while in transit to or from, or while in the possession required of it. of, the correspondent bank.

Digital or Electronic Representations. You acknowledge that digital or electronic representations of cheques and other Instruments, or the relevant information from the cheque or Instrument, may be made or captured and used by financial institutions involved in the exchange and clearing of payments in Canada and elsewhere, in which case the original paper item may be destroyed and not returned to you. CIBC is entitled to act upon such a representation or information for all purposes as if it were the original paper item. You acknowledge that CIBC and other financial institutions may reject any cheque or other Instrument that does not comply in all respects with all applicable by-laws, regulations, rules and standards of CIBC and the Canadian Payments Association.