Common use of Exception Checks Clause in Contracts

Exception Checks. On the Business Day the comparison is performed as set forth above, we will generate a report of Checks presented: (i) where the Presentment Data on such Checks does not exactly match the Check Issue Data, or (ii) for which we do not have Check Issue Data (such presented Checks are hereinafter referred to as “Exception Checks”). We will provide you with a list of Exception Checks via the Online Banking for Business Recon Management Service on the next Business Day following the Business Day of presentment. We are not obligated to examine Exception Checks manually for signature verification or to determine the authenticity of any Exception Check.