Common use of Charges to Accounts Clause in Contracts

Charges to Accounts. The member authorizes Servus Credit Union to charge any of their accounts with the amount of: a. Any instrument drawn by the member on an account b. Any instrument cashed or negotiated by Servus Credit Union on the member’s behalf or which is returned to Servus Credit Union later by reason of insufficient funds or a forged, unauthorized or missing endorsement; The member agrees that the charging of any unpaid instrument will not be considered to be payment of that instrument such that the rights of Servus Credit Union against all parties liable on the instrument are preserved. c. Any instrument received by Servus Credit Union for credit to any of the member’s accounts if that instrument is lost, stolen or otherwise disappears for any cause, other than the negligence of Servus Credit Union d. Subject to any other agreement the member has with Servus Credit Union, any indebtedness the member owes Servus Credit Union together with any costs and expenses to recover those amounts, including legal fees and disbursements incurred by Servus Credit Union on a solicitor-own-client, full indemnity basis e. Any fees, service, administrative or other charges for the operation of any account or that may arise in connection with the provision of other services used by the member, which are in effect from time to time; These amounts may be charged to the member’s account even if the charge creates or increases an overdraft of that account.

Charges to Accounts. The member Member authorizes Servus Credit Union to charge any of their accounts Member’s Accounts with the amount of: a. Any instrument Instrument drawn by the member Member on an accountAccount; b. Any instrument Instrument cashed or negotiated by Servus Credit Union on the memberMember’s behalf or which is returned to Servus Credit Union later by reason of insufficient funds or a forged, unauthorized or missing endorsement; . The member Member agrees that the charging of any unpaid instrument Instrument will not be considered to be payment of that instrument Instrument such that the rights of Servus Credit Union against all parties liable on the instrument Instrument are preserved.; c. Any instrument Instrument received by Servus Credit Union for credit to any of the memberMember’s accounts Accounts if that instrument Instrument is lost, stolen or otherwise disappears for any cause, other than the negligence of Servus Credit Union; d. Subject to any other agreement the member Member has with Servus Credit Union, any indebtedness Indebtedness the member Member owes Servus Credit Union together with any costs and expenses to recover those amounts, including legal fees and disbursements incurred by Servus Credit Union on a solicitor-solicitor- own-client, full indemnity basis; and e. Any fees, serviceService, administrative or other charges for the operation of any account Account or that may arise in connection with the provision of other services Services used by the memberMember, which are in effect from time to time; . These amounts may be charged to the memberMember’s account Account even if the charge creates or increases an overdraft of that accountAccount.