Common use of Effective Period of Stop Payment Order Clause in Contracts

Effective Period of Stop Payment Order. Renewal. A stop payment order on a check will stay in effect for six (6) months from the date we accept the stop payment order, unless you instruct us to cancel it or to renew it, provided that we have not already returned the check. The order may be renewed for additional six (6) month periods. Your instructions to remove or renew a stop payment order must be received in a time and manner that gives us a reasonable opportunity to act upon it.

Appears in 4 contracts

Samples: Customer Account Agreement, Customer Account Agreement, Customer Account Agreement

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Effective Period of Stop Payment Order. Renewal. A stop payment order on a check will stay in effect for six (6) months from the date we accept the stop payment order, unless you instruct us to cancel it or to renew it, provided that we have not already returned the check. The order may be renewed for additional six (6) month periods. Your instructions to remove or renew a stop payment order must be received 14 days in a time and manner that gives us a reasonable opportunity to act upon itadvance of the original stop payment request expiry date.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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