Common use of Original Checks Clause in Contracts

Original Checks. After you receive confirmation that we have received an image, you must securely store the original check for 45 calendar days after transmission to us and make the original check accessible to us at our request. Upon our request from time to time, you will promptly deliver to us, at your expense, the requested original check in your possession. If not provided in a timely manner, any amounts previously credited will be withdrawn from your account. Promptly after the 45-day period expires, you must destroy the original check by first marking it “VOID” and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, the image will be the sole evidence of the original check. You agree that you will never re-present the original check. You understand that you are legally responsible if you present a check that has previously been presented for payment or that already has been paid.

Appears in 3 contracts

Samples: Deposit Services Agreement, Deposit Services Agreement, Deposit Services Agreement

AutoNDA by SimpleDocs

Original Checks. After you receive confirmation that we have received an image, you must securely store the original check for 45 10 calendar days after transmission the deposit post to us and the account. You must make the original check accessible to us at our request. Upon our request from time to time, you will promptly deliver to usus within 10 calendar days, at your expense, the requested original check in your possession. If not provided in a timely manner, any amounts previously credited such amount will be withdrawn reversed from your account. Promptly after the 45-day such period expires, you must destroy the original check by first marking it “VOID” and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, the image will be the sole evidence of the original check. You agree that you will never re-present the original check. You understand that you are legally responsible if you present anyone is asked to make a payment based on an original check that has previously been presented for payment or that already has been paid.

Appears in 2 contracts

Samples: Internet Banking Agreement, Internet Banking Agreement

Original Checks. After you receive confirmation that we have received an image, you must securely store the original check for 45 60 calendar days after transmission to us and make the original check accessible to us at our request. Upon our request from time to time, you will promptly deliver to usus within 10 calendar days, at your expense, the requested original check in your possession. If not provided in a timely manner, any amounts previously credited will such amount may be withdrawn reversed from your account. Promptly after the 45-day such period expires, you must destroy the original check by first marking it "VOID" and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, the image will be the sole evidence of the original check. You agree that you will never re-present the original check. You understand that you are legally responsible if you present the check is presented to another party and that party asks that we make a payment based on that original check that has previously been presented for payment or that already has been paid.

Appears in 1 contract

Samples: priorityonebank.com

AutoNDA by SimpleDocs

Original Checks. After you receive confirmation that we have received an image, you must securely store the original check for 45 14 calendar days after transmission to us and make the original check accessible to us at our request. Upon our request from time to time, you will promptly deliver to usus within 2 calendar days, at your expense, the requested original check in your possession. If not provided in a timely manner, any amounts previously credited will such amount may be withdrawn reversed from your account. Promptly after the 45-day such period expires, you must destroy the original check by first marking it "VOID" and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, the image will be the sole evidence of the original check. You agree that you will never re-present the original check. You understand that you are legally responsible if you present the check is presented to another party and that party asks that we make a payment based on that original check that has previously been presented for payment or that already has been paid.

Appears in 1 contract

Samples: Deposit Services Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.