Joint Acknowledgments and Representations Clause Samples

Joint Acknowledgments and Representations. This agreement is governed by and will be interpreted under the laws of the State of California. This agreement incorporates by reference all information on Customer Account Application, which Customer represents as true and complete in all respects. Customer has read and understand this Agreement and have has had the opportunity to review this Agreement with an advisor of their choice if so desired. Upon occurrence of any overdraft incurred in the Accounts, the Bank shall have the right, in the Bank’s sole discretion to: (i) refuse payment of any outstanding and unpaid check drawn on any account listed on the Internet Banking Application, and (ii) withhold from processing any transaction generated on the account (including Online Banking Internet Banking Services generated) until sufficient collected funds to cover such transactions have been credited to the accounts. Each party represents and warrants to the other that it is authorized to enter into this Agreement. If at any time any section of this Agreement is found to be invalid, that does not make the remaining sections or terms invalid.

Joint Acknowledgments and Representations. This E-Business Services Agreement is governed by and will be interpreted under the laws of the State of Texas. This E-Business Services Agreement incorporates by reference all information, responsibilities and liabilities as stated in the Deposit Agreement between Business Entity and Bank. Business Entity has read and understands this E-Business Services Agreement and has had opportunity to review this E- Business Services Agreement with an advisor of its choice if so desired. Bank may waive any term or provision of this Agreement at any time or from time to time, but any such waiver shall not be deemed a waiver of the term or provision in the future. Each party represents and warrants to the other that it is authorized to enter into this Agreement. If at any time any section of this Agreement is found to be invalid, that does not make the remaining sections or terms invalid. Bank agrees to receive Business Entity's request to initiate a stop payment order. Business Entity understands that electronically transmitted stop payment orders are pending final verification that check has not been processed and that stop payment is valid. The Bank must receive the stop-payment order in time to allow processing and determination that stop payment is valid. The Bank must receive the stop payment by the cut-off time, which is one hour after the opening of the next banking day after the banking day on which the Bank receives the item. Business Entity agrees to hold the Bank harmless for all expenses, cost and attorney fees incurred as a result of refusing payment of said check. Business Entity further agrees not to hold the Bank liable for payment contrary to this request if payment occurs through accident, inadvertence or oversight other than through lack of good faith or failure to exercise reasonable care on the Bank’s part. Stop payment orders placed will be effective for six months only from the first business date placed. Business Entity understands there will be a fee assessed by Bank in connection with each stop payment, (as stated in the Bank’s Schedule of Service Charges & Fees) and further understands that if payment on the item is stopped, the payee or other holder of the item might still be able to recover from Business Entity the amount of the item, plus other damages. This Stop Payment Agreement shall continue until Bank receives written notification of Business Entity’s revocation or until Bank advises Business Entity in writing that Bank will not con...