Common use of Check Safekeeping Clause in Contracts

Check Safekeeping. If you utilize a check safekeeping or any other system offered by Depository for the retention of your checks, you understand that the canceled checks will be retained by Depository and destroyed after a reasonable time period or as required by law. At your request, Depository will provide without charge up to 25 canceled instruments or legible copies of the fronts and backs thereof per calendar year. Additional copies may be subject to a fee, as indicated in the Schedule of Fees or Disclosures. If for any reason Depository cannot provide you with a copy of a check, Depository’s liability will be limited to the lesser of the face amount of the check or the actual damages sustained by you.

Appears in 4 contracts

Samples: Avidia Bank Disclosures, Hsa Custodial Agreement, Hsa Custodial Agreement

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