Affiliate Deposits Clause Samples
The Affiliate Deposits clause establishes the terms under which affiliates are required to deposit funds, typically as a form of security or prepayment, in connection with their participation in a program or agreement. This clause outlines the amount, timing, and acceptable methods for making such deposits, and may specify conditions for refund or forfeiture based on performance or compliance. Its core practical function is to ensure that affiliates have a financial stake in the arrangement, thereby reducing the risk of non-performance or default and providing the principal party with a measure of financial protection.
Affiliate Deposits. If you have not given us an acceptable payee list, you represent and warrant to us that you have the authority 8. .
Affiliate Deposits. If you have not given us an acceptable instructions that are in effect at the relevant time direct otherwise. You payee list, you represent and warrant to us that you have the authority agree that we do not fail to exercise good faith efforts to inspect an item to have each item received in a lockbox endorsed and deposited into solely because we process it in a manner inconsistent with this your account(s),even if the payee name on an item is not your name as paragraph. shown in our records. In addition, if you have given us an acceptable payee list, you represent and warrant to us that if any name on that list (d) .Signature, Date or Disputed Items.. We will not inspect that is a separate legal entity(rather than merely a"d/b/a"or trade name (i)any item for the drawer's signature or date or (ii)unless otherwise that you use), you have authority from that entity to have items payable agreed in writing and in exchange for the payment of a separate per to it endorsed and deposited into your account(s). You agree to provide item fee, any item and/or accompanying correspondence for "payment us with satisfactory evidence of that authority upon request. in full"or other similar payment dispute language. We will not be liable for any loss resulting from processing any such items, including any 7. .Return Items.. Unless otherwise stated in the instructions, we items we may inspect for "payment in full" or similar payment dispute will handle dishonored or returned items in accordance with our rules language under a separate written agreement. and regulations for deposit accounts in effect at the relevant time. (e) .
Affiliate Deposits. If consistent with applicable law, a national bank may deposit funds of a fiduciary account that are awaiting investment or distribution with an affiliate insured depository institution. If consistent with applicable law, a national bank may secure a deposit by or with an affiliate of fiduciary funds awaiting investment or distribution.
Affiliate Deposits. If you have not given us an acceptable enter data regarding certain aspects of an item (such as the drawer’s U U name and the account invoice number shown on the item) into the data file you will receive. You agree that we will not be liable for good faith errors in any of that data.