Common use of Account Disputes Clause in Contracts

Account Disputes. We may place a hold on the funds in your Account (and prohibit payments or withdrawal of the funds) if there are competing claims for the funds or other disputes involving your Account. We may keep the hold in place until we are satisfied that the dispute has been resolved. We are not liable for any Items that are dishonored due to a hold on your Account in connection with a dispute. Alternatively, we may pay the funds in the Account to an appropriate court for resolution of the dispute. We may charge your Account for all fees and expenses we incur in connection with disputes involving your Account (including reasonable attorneys’ fees and our internal expenses).

Appears in 6 contracts

Samples: us.cibc.com, us.cibc.com, us.cibc.com

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