Common use of Client’s Agent Clause in Contracts

Client’s Agent. Smart Safe Courier shall for all purposes be considered the agent of Client in connection with the Smart Safe Service and Client acknowledges and agrees that the Smart Safe Courier is not an agent, employee or other representative of Bank. Neither Bank nor its employees or agents shall supervise, direct or control Xxxxxxx’s performance under the Courier Service or under Courier’s agreement with Client. (a) Bank’s Insurance Limitations. Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to the standard maximum deposit insurance amount (SMDIA). Bank also maintains insurance coverage for certain losses and damages. No insurance coverage or guarantee against loss is made or assumed by Bank for any property, including Cash, in Client’s possession or Client’s Courier’s possession, including a Smart Safe Courier’s possession, during transport of the shipments. Xxxx placed in the shipments delivered to Client’s Courier, including Client’s Smart Safe Courier, but not yet receipted for by Bank are not covered against loss by Bank’s insurance coverage and Bank does not assume liability until the same are receipted for by Bank.