Common use of Account Documentation Clause in Contracts

Account Documentation. Central Pacific Bank shall not be responsible or liable for retaining or complying with any document it may require to be presented in connection with the establishment, changes to, or closing of an account. The individual(s) establishing the account, making changes to the account, making transactions respecting the account, and/or closing an account shall be solely responsible for retaining copies of and complying with any document that affects the account, including without limitation any business or entity document, trust document, plan document, contract or legal document, power of attorney or other document appointing an agent or party for the account, court document (such as custodianship, guardianship, court ordered accounts, etc.), or document evidencing personal changes (marriage, divorce, death, name change, etc.). Central Pacific Bank shall not be responsible for ensuring that an account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. It shall be the sole responsibility of the account owner to ensure the account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. In addition, Central Pacific Bank may rely on any information or document provided to it, without questioning the validity of such information or document. ACCOUNT STATEMENTS You are responsible for promptly examining your statements and reporting any irregularities to us. The periodic statement will be considered correct for all purposes and we will not be liable for any payment made and charged to your account unless you notify us within certain time limits after the statement is made available to you. We will not be liable for any check that is altered or any signature that is forged unless you notify us within 30 calendar days after the statement and the altered or forged item(s) are made available to you. Except for transactions covered by the Electronic Fund Transfer Act, you must also report any other account problem within 60 calendar days or lose your right to assert the problem against us. You understand that your original checks will not be returned to you with your statement. You agree that this does not alter or waive your responsibility to examine your statements nor change the time limits for notifying us of any errors.

Account Documentation. Central Pacific Bank shall not be responsible or liable for retaining or complying with any document it may require to be presented in connection with the establishment, changes to, or closing of an account. The individual(s) establishing the account, making changes to the account, making transactions respecting the account, and/or closing an account shall be solely responsible for retaining copies of and complying with any document that affects the account, including without limitation any business or entity document, trust document, plan document, contract or legal document, power of attorney or other document appointing an agent or party for the account, court document (such as custodianship, guardianship, court ordered accounts, etc.), or document evidencing personal changes (marriage, divorce, death, name change, etc.). Central Pacific Bank shall not be responsible for ensuring that an account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. It shall be the sole responsibility of the account owner to ensure the account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. In addition, Central Pacific Bank may rely on any information or document provided to it, without questioning the validity of such information or document. Savings passbooks, certificates of deposit, and account statements, all of the foregoing referred to as Documents, whether in paper or electronic form, are only reflective of accounts and funds therein as of the date issued and at that specific point in time. Such Documents do not evidence ongoing proof of the existence of an account or funds therein. In addition, Central Pacific Bank fully and completely retains and reserves all rights and defenses specified under this Deposit Account Agreement & Disclosure and available by all laws and regulations, to include without limitation, to retrieve, recover and contest any Documents and accounts and funds therein due to any action or inaction of the account holder or any third party or due to bank mistake or error. ACCOUNT STATEMENTS You are responsible for promptly examining your statements and reporting any irregularities to us. The periodic statement will be considered correct for all purposes and we will not be liable for any payment made and charged to your account unless you notify us within certain time limits after the statement is made available to you. We will not be liable for any check that is altered or any signature that is forged unless you notify us within 30 calendar days after the statement and the altered or forged item(s) are made available to you. Except for transactions covered by the Electronic Fund Transfer Act, you must also report any other account problem within 60 calendar days or lose your right to assert the problem against us. You understand that your original checks will not be returned to you with your statement. You agree that this does not alter or waive your responsibility to examine your statements nor change the time limits for notifying us of any errors. For Shaka Checking accounts, Online Statements are required. If you enroll in our online banking OR mobile banking service, you will automatically be enrolled in our online statement service. If you do not enroll your Account in our online banking OR mobile banking service, you may have paper statements but will be assessed a Paper Statement Fee per statement period as described in the Miscellaneous Fee Schedule. Note: For time deposit accounts, you will get a year-end statement unless you have a Smart Saver CD, in which case you will get a monthly statement. ACCOUNT TERMINATION Any authorized signer may close an account at any time, with cause or without cause. We are not obligated to provide notice of such closure to any other authorized signers on the account. If the account balance is zero, we may automatically close your account and you will receive a final statement showing that your account is closed. You agree that we may terminate your account relationship with us at any time without prior notice, with or without cause, by giving verbal, electronic, or written notice to you or by giving notice to other authorized signers. We may also terminate your account without prior notice if you or any authorized signers breach any agreement with us or we have reason to suspect fraudulent activity on your account. If account funds are not withdrawn at the time of termination, we may send a check for the account balance to any of you at the last address we have on file for the account. The funds will at that time stop earning interest, if applicable. We may dishonor any check, item or transaction presented for payment after an account is closed. At our sole discretion, we may honor checks, items and orders presented or occurring after an account is closed if the transaction is guaranteed by us to third parties (e.g., as part of an electronic fund transfer arrangement or under a check guarantee) or you fail to give us a timely stop payment order for any outstanding checks. You will remain responsible for such items and transactions, which may be treated as overdrafts.

Account Documentation. Central Pacific Bank shall not be responsible or liable for retaining or complying with any document it may require to be presented in connection with the establishment, changes to, or closing of an account. The individual(s) establishing the account, making changes to the account, making transactions respecting the account, and/or closing an account shall be solely responsible for retaining copies of and complying with any document that affects the account, including without limitation any business or entity document, trust document, plan document, contract or legal document, power of attorney or other document appointing an agent or party for the account, court document (such as custodianship, guardianship, court ordered accounts, etc.), or document evidencing personal changes (marriage, divorce, death, name change, etc.). Central Pacific Bank shall not be responsible for ensuring that an account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. It shall be the sole responsibility of the account owner to ensure the account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. In addition, Central Pacific Bank may rely on any information or document provided to it, without questioning the validity of such information or document. Savings passbooks, certificates of deposit, and account statements, all of the foregoing referred to as Documents, whether in paper or electronic form, are only reflective of accounts and funds therein as of the date issued and at that specific point in time. Such Documents do not evidence ongoing proof of the existence of an account or funds therein. In addition, Central Pacific Bank fully and completely retains and reserves all rights and defenses specified under this Deposit Account Agreement & Disclosure and available by all laws and regulations, to include without limitation, to retrieve, recover and contest any Documents and accounts and funds therein due to any action or inaction of the account holder or any third party or due to bank mistake or error. ACCOUNT STATEMENTS You are responsible for promptly examining your statements and reporting any irregularities to us. The periodic statement will be considered correct for all purposes purposes, and we will not be liable for any payment made and charged to your account unless you notify us within certain time limits after the statement is made available to you. We will not be liable for any check that is altered or any signature that is forged unless you notify us within 30 calendar days after the statement and the altered or forged item(s) are made available to you. Except for transactions covered by the Electronic Fund Transfer Act, you must also report any other account problem within 60 calendar days or lose your right to assert the problem against us. You understand that your original checks will not be returned to you with your statement. You agree that this does not alter or waive your responsibility to examine your statements nor change the time limits for notifying us of any errors. For Shaka Checking accounts, Online Statements are required. If you do not enroll your Account in our online banking OR mobile banking service, you may have paper statements but will be assessed a Paper Statement Fee per statement period as described in the Miscellaneous Fee Schedule. Note: For time deposit accounts, you will get a year-end statement unless you have a Smart Saver CD, in which case you will get a monthly statement. ACCOUNT TERMINATION Any authorized signer may close an account at any time, with cause or without cause. We are not obligated to provide notice of such closure to any other authorized signers on the account. If the account balance is zero, we may automatically close your account and you will receive a final statement showing that your account is closed. You agree that we may terminate your account relationship with us at any time without prior notice, with or without cause, by giving verbal, electronic, or written notice to you or by giving notice to other authorized signers. We may also terminate your account without prior notice if you or any authorized signers breach any agreement with us or we have reason to suspect fraudulent activity on your account. If account funds are not withdrawn at the time of termination, we may send a check for the account balance to any of you at the last address we have on file for the account. The funds will at that time stop earning interest, if applicable. We may dishonor any check, item or transaction presented for payment after an account is closed. At our sole discretion, we may honor checks, items and orders presented or occurring after an account is closed if the transaction is guaranteed by us to third parties (e.g., as part of an electronic fund transfer arrangement or under a check guarantee) or you fail to give us a timely stop payment order for any outstanding checks. You will remain responsible for such items and transactions, which may be treated as overdrafts.

Account Documentation. Central Pacific Bank shall not be responsible or liable for retaining or complying with any document it may require to be presented in connection with the establishment, changes to, or closing of an account. The individual(s) establishing the account, making changes to the account, making transactions respecting the account, and/or closing an account shall be solely responsible for retaining copies of and complying with any document that affects the account, including without limitation any business or entity document, trust document, plan document, contract or legal document, power of attorney or other document appointing an agent or party for the account, court document (such as custodianship, guardianship, court ordered accounts, etc.), or document evidencing personal changes (marriage, divorce, death, name change, etc.). Central Pacific Bank shall not be responsible for ensuring that an account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. It shall be the sole responsibility of the account owner to ensure the account is established, maintained, administered, and/or closed in accordance and compliance with any such documents and any laws applicable thereto. In addition, Central Pacific Bank may rely on any information or document provided to it, without questioning the validity of such information or document. Savings passbooks, certificates of deposit, and account statements, all of the foregoing referred to as Documents, whether in paper or electronic form, are only reflective of accounts and funds therein as of the date issued and at that specific point in time. Such Documents do not evidence ongoing proof of the existence of an account or funds therein. In addition, Central Pacific Bank fully and completely retains and reserves all rights and defenses specified under this Deposit Account Agreement & Disclosure and available by all laws and regulations, to include without limitation, to retrieve, recover and contest any Documents and accounts and funds therein due to any action or inaction of the account holder or any third party or due to bank mistake or error. ACCOUNT STATEMENTS You are responsible for promptly examining your statements and reporting any irregularities to us. The periodic statement will be considered correct for all purposes and we will not be liable for any payment made and charged to your account unless you notify us within certain time limits after the statement is made available to you. We will not be liable for any check that is altered or any signature that is forged unless you notify us within 30 calendar days after the statement and the altered or forged item(s) are made available to you. Except for transactions covered by the Electronic Fund Transfer Act, you must also report any other account problem within 60 calendar days or lose your right to assert the problem against us. You understand that your original checks will not be returned to you with your statement. You agree that this does not alter or waive your responsibility to examine your statements nor change the time limits for notifying us of any errors.