Common use of ASSIGNMENT OF CHECKS Clause in Contracts

ASSIGNMENT OF CHECKS. As of the date of this Agreement and by subscribing to Remote Check Deposit (Check 21 Plus) with Guarantee, MERCHANT shall be deemed to have assigned to SPS-EFT, without recourse, all of MERCHANT’s right, title and interest in any and all checks, including any rights to treble or punitive damages permitted under applicable law. MERCHANT shall execute and deliver endorsements, instruments, and papers and shall do whatever is necessary under the laws of any applicable jurisdictions to secure and defend SPS-EFT’s rights and shall do nothing to prejudice those rights. MERCHANT shall cooperate with SPS-EFT in pursuing SPS-EFT’s rights, including suing or prosecution of the customer under all applicable laws.

ASSIGNMENT OF CHECKS. As of the date of this Agreement and by subscribing to Remote Check Deposit (Check 21 Plus) with GuaranteeSPS-EFT POS GUARANTEE CONVERSION , MERCHANT shall be deemed to have assigned to SPS-EFT, without recourse, all of MERCHANT’s right, title and interest in any and all checks, including any rights to treble or punitive damages permitted under applicable law. MERCHANT shall execute and deliver endorsements, instruments, and papers and shall do whatever is necessary under the laws of any applicable jurisdictions to secure and defend SPS-EFT’s rights and shall do nothing to prejudice those rights. MERCHANT shall cooperate with SPS-EFT in pursuing SPS-EFT’s rights, including suing or prosecution of the customer under all applicable laws.