RDC Clause Samples

RDC. RDC represents and warrants to Buyer that: (i) it shall not enter into any contracts or undertakings that would limit, conflict with, or constitute a breach of this Agreement; (ii) RDC is the governing body of the City of Fishers Redevelopment Department, which is organized and existing under the laws of the State of Indiana; (iii) it has the power: (A) to enter into this Agreement; and (B) to perform its obligations hereunder; (vii) it has been duly authorized by proper action: (A) to execute and deliver this Agreement; and (B) to perform its obligations hereunder, (viii) this Agreement is the legal, valid, and binding obligation of it; and

RDC. If RDC is selected by Company on the Setup Form, Bank will provide to Company RDC to enable Company to transmit images of Checks to Bank for deposit. RDC enables Company to use Equipment, consistent with the Bank’s requirements set forth in the Supporting Documents, to create Electronic Images and to transmit an Electronic File to Bank for deposit to the specified Account. After Bank receives Company’s Electronic File, Bank, at its sole option, may use the Electronic File to either: (a) create Substitute Check(s), that Bank presents to the Paying Bank; or (b) generate one or more electronic files (from the original Electronic File) for presentment directly or indirectly to Paying Bank.

RDC. For all work performed in excess of the ordinary rostered hours the following penalty rates will apply: Monday to Friday - time and a half for time worked in excess of ordinary hours; or Saturday – time and a half for the first two hours and double time thereafter; or Sunday – double time for all hours worked.

RDC. The remote deposit capture services are designed to allow you to make deposits to your checking accounts from home or other remote locations by taking a picture of your checks and delivering the images and associated deposit information to the Bank or the Bank’s designated processor. Any fee for RDC will be disclosed on the most recent Fee Schedule.