Postdated and Stale Dated Items. You agree not to issue any check or draft that is postdated. If you do issue a check or draft that is payable on a future date and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account that is presented more than six (6) months past its date.
Appears in 11 contracts
Sources: Master Account Agreement, Membership and Account Agreement, Master Account Agreement
Postdated and Stale Dated Items. You agree not to issue any check or draft that is postdated. If you do issue a check or draft that is payable on a future date and we pay it before that date, you agree that we shall have no liability to you for such payment. You agree not to deposit checks, drafts or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account that is presented more than six (6) months past its date.
Appears in 4 contracts
Sources: Membership and Account Agreement, Membership Account Agreement, Membership Account Agreement
Postdated and Stale Dated Items. You agree not to issue any check or draft that is postdated. If you do issue a check or draft that is payable on a future date (postdated). If you do draw or issue a check or draft that is postdated and we pay it before that date, you agree that we shall will have no liability to you for such payment. You agree not to deposit checks, drafts drafts, or other oth- er items before they are properly payable. We are not obligated to pay any check or draft drawn on your account that is presented more than six (6) months past its datedate (stale-dated); however, if the check or draft is paid against your account, we will have no liability for such payment.
Appears in 1 contract
Sources: Membership and Account Agreement