Common use of Receipt of File Clause in Contracts

Receipt of File. Member agrees that Member shall be solely liable for, and HFCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by HFCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that HFCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. HFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. HFCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, HFCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If HFCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, HFCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, HFCU may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. HFCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, HFCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, HFCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then HFCU shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, HFCU shall electronically notify Member of receipt and acceptance of the Accepted File for deposit. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that HFCU shall have no liability for the content of payment-related information. Notwithstanding the fact that HFCU has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to HFCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, HFCU.

Appears in 1 contract

Samples: Deposit Capture Agreement

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Receipt of File. Member agrees that Member shall be solely liable for, and HFCU Ent shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by HFCU Ent or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that HFCU Ent has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. HFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. HFCU Ent shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, HFCU Ent may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If HFCU Ent determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, HFCUEnt, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, HFCU Ent may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. HFCU Ent may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, HFCU Ent may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, HFCU Ent determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then HFCU Ent shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, HFCU Ent shall electronically notify Member of receipt and acceptance of the Accepted File for deposit. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that HFCU Ent shall have no liability for the content of payment-related information. Notwithstanding the fact that HFCU Ent has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to HFCU Ent for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, HFCUEnt.

Appears in 1 contract

Samples: Credit Union Electronic Deposit Agreement

Receipt of File. Member agrees that Member shall be solely liable for, and HFCU evolve FCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by HFCU evolve FCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that HFCU evolve FCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. HFCU evolve FCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. HFCU evolve FCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, HFCU evolve FCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If HFCU evolve FCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, HFCUevolve FCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, HFCU evolve FCU may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. HFCU evolve FCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, HFCU evolve FCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, HFCU evolve FCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then HFCU evolve FCU shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, HFCU evolve FCU shall electronically notify Member of receipt and acceptance of the Accepted File for deposit. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that HFCU evolve FCU shall have no liability for the content of payment-related information. Notwithstanding the fact that HFCU evolve FCU has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to HFCU evolve FCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, HFCUevolve FCU.

Appears in 1 contract

Samples: Union Home Deposit Agreement

Receipt of File. Member agrees that Member shall be solely liable for, and HFCU AMHFCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by HFCU AMHFCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that HFCU AMHFCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. HFCU AMHFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. HFCU AMHFCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, HFCU AMHFCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If HFCU AMHFCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, HFCUAMHFCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a "Corrected File"). As a form of correction, HFCU AMHFCU may credit Member’s 's Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. HFCU AMHFCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, HFCU AMHFCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, HFCU AMHFCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then HFCU AMHFCU shall accept the File (an "Accepted File") for deposit to Member’s 's Account. Upon acceptance of the File, HFCU AMHFCU shall electronically notify Member of receipt and acceptance of the Accepted File for depositdeposit via the provisional posting to their Account. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that HFCU AMHFCU shall have no liability for the content of payment-related information. Notwithstanding the fact that HFCU AMHFCU has accepted a File for deposit, any credit made to Member’s 's Account shall be provisional, and Member shall remain liable to HFCU AMHFCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, HFCUAMHFCU.

Appears in 1 contract

Samples: American Heritage Federal Credit Union

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Receipt of File. Member agrees that Member shall be solely liable for, and HFCU AMHFCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by HFCU AMHFCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that HFCU AMHFCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. HFCU AMHFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. HFCU AMHFCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, HFCU AMHFCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If HFCU AMHFCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, HFCUAMHFCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, HFCU AMHFCU may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. HFCU AMHFCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, HFCU AMHFCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, HFCU AMHFCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then HFCU AMHFCU shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, HFCU AMHFCU shall electronically notify Member of receipt and acceptance of the Accepted File for depositdeposit via the provisional posting to their Account. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that HFCU AMHFCU shall have no liability for the content of payment-related information. Notwithstanding the fact that HFCU AMHFCU has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to HFCU AMHFCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, HFCUAMHFCU.

Appears in 1 contract

Samples: American Heritage Federal Credit Union

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