Common use of Check Safekeeping Clause in Contracts

Check Safekeeping. Checks and/or check replacement items may not be returned with your statement. Your statement will, however, indicate the number, amount and date of payment of each check or item. Even if you were previously provided with an election as to how checks would be returned to you, we will not be considered in default thereof, so long as images of such checks are made available to you on request. Copies of checks will be available on request for seven (7) years after we receive them (unless applicable law requires that they be kept longer). We may dispose of or destroy all checks that are not returned to you.

Appears in 4 contracts

Samples: Commercial Deposit Agreement, Commercial Deposit Agreement, Commercial Deposit Agreement

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