Common use of Report Delivery Clause in Contracts

Report Delivery. Inclearing Reports may, but are not required to be, delivered to you multiple times a day via the delivery channel designated by you. Interim reports are provided for timely information purposes only, and you cannot rely on interim reports as final. The final report for the day will be designated as final and available after we receive, review, make any needed corrections or adjustments, and process all checks for the day. Check information is provided to you as received directly from the Federal Reserve Bank or any other Financial Institution (the “Servicer”). The accuracy of the information is not guaranteed by the Federal Reserve Bank, the Servicer, or us. We do not review checks presented prior to the early presentment or payment, and by including all checks on the reports, we do not assume responsibility to pay all checks, such as checks bearing forged or missing signatures or endorsements, alterations, encoding errors, notations, or other defects on the checks.