Common use of Payment and Return of Exception Checks; Overriding Default Instruction Clause in Contracts

Payment and Return of Exception Checks; Overriding Default Instruction. Company shall review any Exception Checks before the Positive Pay Settlement Deadline applicable and respond via Online Banking. Such response shall either authorize payment or provide return instructions for each Exception Check. Any Exception Check for which no such response has been provided by Company in accordance with this Section 4 shall be paid by F&M Bank. Company agrees that F&M BANK exercises ordinary care whenever it acts in accordance with this Section

Payment and Return of Exception Checks; Overriding Default Instruction. Company shall review any Exception Checks before the Positive Pay Settlement Deadline applicable and respond via Online Banking. Such response shall either authorize payment or provide return instructions for each Exception Check. Any Exception Check for which no such response has been provided by Company in accordance with this Section 4 shall be paid by F&M Bank. Company agrees that F&M BANK exercises ordinary care whenever it acts in accordance with this SectionSection 4.