Common use of Additional Warranties Clause in Contracts

Additional Warranties. In addition to all other warranties given by you under the Agreement and the Rules, you warrant the following to us with respect to each check and the XCK Entry: 1. you have good title or are entitled to enforce the check, or are authorized to obtain payment or acceptance on behalf of one who has good title or is entitled to enforce the check; 2. all signatures on the check are authentic and authorized; 3. the check is not counterfeit and has not been altered; 4. the check is not subject to a defense or claim in recoupment of any party that can be asserted against you or us; 5. you have no knowledge of any insolvency proceeding commenced with respect to the maker or acceptor, or, in the case of an unaccepted draft, the drawer of the item;

Additional Warranties. In addition to all other warranties given by you under the Agreement and the Rules, you warrant the following to us with respect to each check Check and the XCK RCK Entry: 1. you have good title or are entitled to enforce the checkCheck, or are authorized to obtain payment or acceptance on behalf of one who has good title or is entitled to enforce the checkCheck; 2. all signatures on the check Check are authentic and authorized; 3. the check Check is not counterfeit and has not been altered; 4. the check Check is not subject to a defense or claim in recoupment of any party that can be asserted against you or us; 5. you have no knowledge of any insolvency proceeding commenced with respect to the maker or acceptor, or, in the case of an unaccepted draft, the drawer of the item;