Common use of Collection of Deposits Clause in Contracts

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Card or using any accounts or services, you specifically waive your rights to notice of nonpayment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” s) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 6 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

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Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 4 contracts

Samples: Membership Account Agreement, Membership Account Agreement, Membership Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Membership Application Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 4 contracts

Samples: Membership Account Agreement, Membership Account Agreement, Membership Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by given to us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 3 contracts

Samples: Membership Agreement, Membership and Account Agreement, Membership, Account and Account Services Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Agreement/Signature Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-re- present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 3 contracts

Samples: Membership Account Agreement, Membership Account Agreement, Membership Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor dishonor, or protest regarding all items presented for collection. We have the right to refuse any order, transfer transfer, or deposit, ; to limit the amount that may be offered for deposit deposit; and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid paid, you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, overdrafts but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Business Membership Application Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 2 contracts

Samples: Membership Agreement, Business & Organization Membership Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Account Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid paid, you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items If you do not drawn by you upon us are not overdraftshave enough available funds in your account to cover an item (or each additional presentment of an item), but are Insufficient Funds Items (“NSF” s) that you must pay to us if we incur any loss may decline or return the item unpaid and a fee will be imposed as set forth in seeking to collect such items for youthe Schedule.

Appears in 1 contract

Samples: Membership Agreement

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Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Card Membership Application or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon- payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-re- presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 1 contract

Samples: Consumer Membership Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Account Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid paid, you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items If you do not drawn by you upon us are not overdraftshave enough available funds in your account to cover an item, but are Insufficient Funds Items (“NSF” s) that you must pay to us if we incur any loss may decline or return the item unpaid and a fee will be imposed as set forth in seeking to collect such items for youthe Schedule.

Appears in 1 contract

Samples: Membership Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Membership Application and Signature Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Funds Items (“NSF” sNSFs”) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 1 contract

Samples: Membership Account Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Account Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor or protest regarding all items presented for collection. We have the right to refuse any order, transfer or deposit, limit the amount that may be offered for deposit and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadline. Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items If you do not drawn by you upon us are not overdraftshave enough available funds in your account to cover an item, but are Insufficient Funds Items (“NSF” s) that you must pay to us if we incur any loss may decline or return the item unpaid and a fee will be imposed as set forth in seeking to collect such items for youthe Business Fee Schedule.

Appears in 1 contract

Samples: Business Membership Account and Services Agreement

Collection of Deposits. In handling deposits to your account, we act only as your agent for collection and assume no responsibility beyond the exercise of ordinary care. By signing the Signature Account Card or using any accounts or services, you specifically waive your rights to notice of nonpaymentnon-payment, dishonor dishonor, or protest regarding all items presented for collection. We have the right to refuse any order, transfer transfer, or deposit, limit the amount that may be offered for deposit deposit, and to return all or any part of a deposit. Special instructions for handling an item are effective only if made in writing and accepted by us separately along with the item in question. We will not be liable for any default or negligence of correspondents or for loss in transit, and each correspondent will only be liable for its own negligence. We are authorized to pursue collection of previously dishonored items (including re-presentment), and in so doing we may permit the payor bank to hold an item beyond the midnight deadlineapplicable deadline(s). Items that we present or re-present may be truncated or converted to an electronic or other format. If an item is not paid paid, you are fully responsible for any loss, loss we may incur in seeking to collect the item for you. Items not drawn by you upon us are not overdrafts, but are Insufficient Non-Sufficient Funds Items (“NSF” s) that you must pay to us if we incur any loss in seeking to collect such items for you.

Appears in 1 contract

Samples: Membership Account Agreement

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