Common use of Capture of Checks and Check Information Clause in Contracts

Capture of Checks and Check Information. i. Company shall be responsible for accurately capturing an image of each paper check and the correct dollar amount of the check into the System. In the event the condition of a paper check precludes a complete automated read, Company shall be responsible for visually inspecting the check. Company shall be responsible for the inspection of all Check Images to ensure the legibility of the Check Image (including without limitation the dollar amount and signature of the Drawer). ii. Company agrees to ensure that any and all information on a paper check is accurately captured and legible in the resulting Check Image and otherwise complies with any Check Image quality standards and guidelines that may be established by ANSI, ECCHO Rules, the Federal Reserve, other applicable regulatory agency or clearinghouse, or that Bank may provide to Company from time to time. iii. Company acknowledges that current image technology may not capture all security features (e.g. watermarks) contained in the original paper checks, and agrees to assume any and all losses resulting from claims based on security features that do not survive the image process. iv. Company further acknowledges that Bank does not verify the accuracy, legibility or quality of the Check Image or MICR Data prior to processing an Electronic Deposit. Bank may, in its sole discretion, reject, repair, alter, amend, reformat or convert the Check Image Metadata or MICR Data submitted in an Electronic Deposit in accordance with general check collection practices and industry presentment standards, but Bank shall have no obligation to reject, repair, alter, amend, re-format or convert the Check Image Metadata or MICR Data. If Bank requires that Company comply with certain formatting standards or other guidelines when submitting Electronic Deposits and Company declines to implement, or comply with, such standards or guidelines, Company acknowledges that Bank shall not be liable for any error or loss that results from Bank processing such Electronic Deposit or from Bank’s re-formatting or conversion of the Electronic Deposit prior to processing. v. Bank shall not be liable to Company for failure to process an Electronic Deposit, or any error that results in processing or collecting an Electronic Deposit, including, without limitation: 1. For which Company has not provided Bank with full and correct MICR Data and dollar amount from the original paper check; 2. For which Company has not provided an accurate and legible image of the original paper check; 3. For which Company has failed to comply with formatting standards or other guidelines required by Bank; or, 4. For which would violate the Agreement.

Capture of Checks and Check Information. i. Company You shall be responsible for accurately capturing an image of each paper check and the correct dollar amount of the check into the Your System. In the event the condition of a paper check precludes a complete automated read, Company you shall be responsible for visually inspecting the check. Company You shall be responsible for the inspection of all Check Images to ensure the legibility of the Check Image (including without limitation the dollar amount and signature of the Drawerperson who signed the check (the “drawer”). ii. Company agrees to ensure , and for ensuring that any and all information on a paper check is accurately captured and legible in the resulting Check Image and otherwise complies with any Check Image quality standards and guidelines that may be established by ANSI, ECCHO Rules, the Federal Reserve, other applicable regulatory agency or clearinghouse, or that Bank may provide to Company from time to time. iiiImage. Company acknowledges You acknowledge that current image technology may might not capture all security features (e.g. watermarks) contained in the original paper checks, and agrees agree to assume any and all losses resulting from claims based on security features that do not survive the image process. iv. Company You further acknowledges acknowledge that Bank does we do not verify the accuracy, legibility or quality of the Check Image or MICR Data prior to processing an Electronic Deposit. Bank may, in its At our sole discretion, we may reject, repair, alter, amend, reformat or convert the Check Image Metadata or MICR Data submitted in an Electronic Deposit in accordance with general check collection practices and industry presentment standards, but Bank we shall have no obligation to reject, repair, alter, amend, re-format or convert the Check Image Metadata or MICR Data. If Bank requires we require that Company you comply with certain formatting standards or other guidelines when submitting Electronic Deposits and Company declines you decline to implement, or comply with, such standards or guidelines, Company acknowledges you acknowledge that Umpqua Bank shall not be liable for any error or loss that results from Bank our processing such Electronic Deposit or from Bank’s our re-formatting or conversion of the Electronic Deposit prior to processing. v. Bank . We shall not be liable to Company you for failure to process an Electronic Deposit, or any error that results in processing or collecting an Electronic Deposit, including, without limitation: 1. For : (i) for which Company has you have not provided Bank us with full and correct MICR Data and dollar amount from the original paper check; 2. For ; (ii) for which Company has you have not provided an accurate and legible image of the original paper check; 3. For which Company has failed to , (iii) that does not comply with formatting standards or other guidelines required by Bankwe require; or, 4. For which or (iv) that would violate the this Agreement, any applicable user manuals or reference guides, or any other agreement between you and Umpqua Bank.

Capture of Checks and Check Information. i. Company a. Correspondent shall be responsible responsible, with respect to each Image Cash Letter Item, for accurately capturing an both a front and rear image of each paper check check, all preexisting, preprinted MICR Data, and the correct dollar amount of the check into the System. In the event the condition of a paper check precludes a complete automated read, Company shall be responsible for visually inspecting the check. Company Correspondent shall be responsible for the inspection of all Check Images to ensure the presence and legibility of both the front and rear Check Image Images (including without limitation the dollar amount and signature of the Drawerdrawer). ii. Company agrees , for the repair of any MICR Data, and to ensure that any and all information on a paper check is accurately captured and legible in the resulting Check Image and MICR Data and otherwise complies to comply with any Check Image quality standards and guidelines that may be established by ANSI, ECCHO Rules, the Federal Reserve, other applicable regulatory agency or clearinghouse, or that Bank may provide to Company from time to time. iii. Company acknowledges that current image technology may not capture all security features (e.g. watermarks) contained in the original paper checks, and agrees to assume any and all losses resulting from claims based on security features that do not survive the image process. iv. Company further acknowledges that Bank does not verify the accuracy, legibility or quality of the Check Image or MICR Data prior quality standards set forth in the BND Image Cash Letter User Guide and as BND may otherwise provide to processing an Electronic DepositCorrespondent from time to time. Bank mayIn the event the condition of a paper check precludes a complete automated read, in its sole discretion, reject, repair, alter, amend, reformat or convert Correspondent shall be responsible for visually inspecting the Check Image Metadata or check and repairing all preexisting preprinted MICR Data submitted in an Electronic Deposit in accordance with general check collection practices fields and industry presentment standards, but Bank shall have no obligation to reject, repair, alter, amend, re-format or convert the Check Image Metadata or MICR Datadollar amount field. If Bank requires that Company comply with certain formatting standards or other guidelines when submitting Electronic Deposits and Company declines Correspondent chooses not to implementrepair the MICR Data on any check, or comply with, such standards or guidelines, Company acknowledges that Bank shall then Correspondent may not be liable for any error or loss that results from Bank processing such Electronic Deposit or from Bank’s re-formatting or conversion of submit the Electronic Deposit prior check to processingBND as an Image Cash Letter Item. v. Bank b. BND shall not be liable to Company Correspondent for the failure to process an Electronic DepositImage Cash Letter or individual Check Images, or any error that results in processing or collecting an Electronic DepositImage Cash Letter or individual Check Images, including, without limitation: 1. For for which Company Correspondent has not provided Bank BND with full and correct MICR Data and dollar amount from the original paper check; 2. For which Company has not provided an accurate and legible image Check Image representation of the original paper check; 3. For which Company has failed BND may in its sole discretion report on or provide notification of inaccurate and/or illegible Check Images submitted in an Image Cash Letter in accordance with general banking and check collection practices, but BND shall have no obligation to comply with formatting standards effect a repair or other guidelines required by Bank; or, 4alteration to Check Images, or to verify the accuracy, legibility, or quality of any Transaction Data prior to processing an Image Cash Letter. For which would violate the AgreementIn addition, BND shall not be liable to Correspondent for processing, or failing to process, any Image Cash Letter Item that is delivered to BND as an original check.

Capture of Checks and Check Information. i. Company You shall be responsible for accurately capturing an image of each paper check and the correct dollar amount of the check into the Your System. In the event the condition of a paper check precludes a complete automated read, Company you shall be responsible for visually inspecting the check. Company You shall be responsible for the inspection of all Check Images to ensure the legibility of the Check Image (including without limitation the dollar amount and signature of the Drawerperson who signed the check (the “drawer”). ii. Company agrees to ensure , and for ensuring that any and all information on a paper check is accurately captured and legible in the resulting Check Image and otherwise complies with any Check Image quality standards and guidelines that may be established by ANSI, ECCHO Rules, the Federal Reserve, other applicable regulatory agency or clearinghouse, or that Bank may provide to Company from time to time. iiiImage. Company acknowledges You acknowledge that current image technology may might not capture all security features (e.g. watermarks) contained in the original paper checks, and agrees agree to assume any and all losses resulting from claims based on security features that do not survive the image process. iv. Company You further acknowledges acknowledge that Bank does we do not verify the accuracy, legibility or quality of the Check Image or MICR Data prior to processing an Electronic Deposit. Bank may, in its At our sole discretion, we may reject, repair, alter, amend, reformat or convert the Check Image Metadata or MICR Data submitted in an Electronic Deposit in accordance with general check collection practices and industry presentment standards, but Bank we shall have no obligation to reject, repair, alter, amend, re-format or convert the Check Image Metadata or MICR Data. If Bank requires we require that Company you comply with certain formatting standards or other guidelines when submitting Electronic Deposits and Company declines to implement, or comply with, such standards or guidelines, Company acknowledges you acknowledge that Xxxxx & Xxxxx Bank shall not be liable for any error or loss that results from Bank our processing such Electronic Deposit or from Bank’s our re-formatting or conversion of the Electronic Deposit prior to processing. v. Bank . We shall not be liable to Company you for failure to process an Electronic Deposit, or any error that results in processing or collecting an Electronic Deposit, including, without limitation: 1. For : (i) for which Company has you have not provided Bank us with full and correct MICR Data and dollar amount from the original paper check; 2. For ; (ii) for which Company has you have not provided an accurate and legible image of the original paper check; 3. For which Company has failed to , (iii) that does not comply with formatting standards or other guidelines required by Bankwe require; or, 4. For which or (iv) that would violate the this Agreement, any applicable user manuals or reference guides, or any other agreement between you and Xxxxx & Xxxxx Bank.

Capture of Checks and Check Information. i. Company a. You shall be responsible for accurately capturing an image of each paper check and the correct dollar amount of the check into the System. In the event the condition of a paper check precludes a complete automated read, Company you shall be responsible for visually inspecting the check. Company You shall be responsible for the inspection of all Check Images to ensure the legibility of the Check Image (including without limitation the dollar amount and signature of the Drawerperson who signed the check (the “drawer”). ii. Company agrees b. You agree to ensure that any and all information on a paper check is accurately captured and legible in the resulting Check Image and otherwise complies with any Check Image quality standards and guidelines that may be established by ANSI, ECCHO Rules, the Federal Reserve, other applicable regulatory agency or clearinghouse, or that Bank we may provide to Company you from time to time. iii. Company acknowledges c. You acknowledge that current image technology may not capture all security features (e.g. watermarks) contained in the original paper checks, and agrees agree to assume any and all losses resulting from claims based on security features that do not survive the image process. iv. Company d. You further acknowledges acknowledge that Bank does we do not verify the accuracy, legibility or quality of the Check Image or MICR Data prior to processing an Electronic Deposit. Bank We may, in its our sole discretion, reject, repair, alter, amend, reformat or convert the Check Image Metadata or MICR Data submitted in an Electronic Deposit in accordance with general check collection practices and industry presentment standardscheck, but Bank we shall have no obligation to reject, repair, alter, amend, re-format or convert the Check Image Metadata or MICR Data. If Bank requires we require that Company you comply with certain formatting standards or other guidelines when submitting Electronic Deposits and Company declines you decline to implement, or comply with, with such standards or guidelines, Company acknowledges you acknowledge that Bank we shall not be liable for any error or loss that results from Bank our processing such Electronic Deposit or from Bank’s re-our re- formatting or conversion of the Electronic Deposit prior to processing. v. Bank e. We shall not be liable to Company you for failure to process an Electronic Deposit, or any error that results in processing or collecting an Electronic Deposit, including, without limitation: 1. i. For which Company has you have not provided Bank us with full and correct MICR Data and dollar amount from the original paper check; 2ii. For which Company has you have not provided an accurate and legible image of the original paper check; 3iii. For which Company has you have failed to comply with formatting standards or other guidelines required by Bankus; or, 4iv. For which would violate the Agreement.