Additional Provisions Relating to Checks and Deposits. The Bank, at its sole discretion, can choose the method of obtaining payment on your deposits and may use other banks in the process. The Bank is not responsible for actions taken by other banks, or for the loss or destruction of any checks, drafts or other instruments in the possession of the other bank or in transit. The Bank shall not be liable for any errors, negligence, default, misconduct or insolvency on the part of any agent selected by the Bank, or any sub-agent selected by such agent, any such agent or sub-agent being deemed an agent of the Client. In collecting any check or similar items, the Bank and any collecting agent may accept the drafts or credits of any bank, drawee, acceptor, or pay or in lieu of cash. If payment of any check or similar item would exceed the credit balance on any account of yours or exceed any authorized overdraft limit, the Bank may, in its sole discretion, make such payment only up to the amount of such credit balance or overdraft limit. The Bank is under no obligation to honor any restrictive legend on any check signed, accepted, or endorsed by you. You shall at all times exercise due care to prevent checkbooks or blank checks of yours from coming into the possession of unauthorized persons and to prevent any instruction, check or similar item from being altered, lost, or forged. You shall immediately report to the Bank in writing, by telefax or rapid mail, the theft, loss, or alteration of any check or checkbook.
Additional Provisions Relating to Checks and Deposits. The Bank, at its sole discretion, can choose the method of obtaining payment on your deposits and may use other banks in the process. The Bank is not responsible for actions taken by other banks, or for the loss or destruction of any checks, drafts or other instruments in the possession of the other bank or in transit. The Bank shall not be liable for any errors, negligence, default, misconduct or insolvency on the part of any agent selected by the Bank, or any sub-agent selected by such agent, any such agent or sub-agent being deemed an agent of the Client. In collecting any check or similar items, the Bank and any collecting agent may accept the drafts or credits of any bank, drawee, acceptor, or pay or in lieu of cash. If payment of any check or similar item would exceed the credit balance on any account of yours or exceed any authorized overdraft limit, the Bank may, in its sole discretion, make such payment only up to the amount of such credit balance or overdraft limit. The Bank is under no obligation to honor any restrictive legend on any check signed, accepted, or endorsed by you.
Additional Provisions Relating to Checks and Deposits. The Branch shall not be liable for any errors, negligence, default, misconduct or insolvency on the part of any agent selected by the Branch, or any sub-agent selected by such agent, any such agent or sub-agent being deemed an agent of the Depositor. In collecting any check or similar items, the Branch and any collecting agent may accept the drafts or credits of any Branch, drawee, acceptor or payor in lieu of cash. If payment of any check or similar item would exceed the credit balance on any account of yours or exceed any authorized overdraft limit, the Branch may, in its sole discretion, make such payment only up to the amount of such credit balance or overdraft limit The Branch is under no obligation to honor any restrictive legend on any check signed, accepted or endorsed by you. You shall at all times exercise due care to prevent checkbooks or blank checks of yours from coming into the possession of unauthorized persons and to prevent any instruction, check or similar item from being altered, lost or forged. You shall immediately report to the Branch in writing, UNIVERSAL ACCOUNT AGREEMENT by facsimile or electronic mail, the theft, loss or alteration of any check or checkbook.
