Common use of Conflicting Claims Involving Your Account Clause in Contracts

Conflicting Claims Involving Your Account. If we receive notice of an actual or potential claim from a third party regarding your account, or if we believe that a conflict exists between account owners and/or authorized signers/convenience signers on the account, or if there appears to be a controversy over matters such as ownership of the account or who has the authority to withdraw funds, we may: (a) Continue to rely on the Account Agreement form(s) or other documents and to process your account in what we believe is good faith conformity with such Account Agreement forms and documents; (b) Honor the competing claim upon our receipt of evidence we deem satisfactory to justify the claim; (c) Freeze all or part of the funds in your account until the dispute is resolved to our reasonable satisfaction; or (d) Close the account and send a check for the balance remaining in the account, payable to you or to you and each claimant, or to pay the funds into a court of appropriate jurisdiction for resolution. Without prior notice to you, we may charge against or deduct from your account, or otherwise bill you directly, an amount representing our Losses incurred in handling the conflicting claims on your account as permitted by Applicable Law. We may also assess and debit from your account any applicable fees set forth in the Fee Schedule that may be assessed as a result of the Dispute in accordance with Applicable Law.

Conflicting Claims Involving Your Account. If we receive notice of an actual or potential claim from a third party regarding your account, or if we believe that a conflict exists between account owners and/or authorized signers/convenience signers on the account, or if there appears to be a controversy over matters such as ownership of the account or who has the authority to withdraw funds, funds we may: (a) Continue to rely on the Account Agreement signature form(s) or other documents and to process your account in what we believe is good faith conformity with such Account Agreement signature forms and documents; (b) Honor the competing claim upon our receipt of evidence we deem satisfactory to justify the claim; (c) Freeze all or part of the funds in your account until the dispute is resolved to our reasonable satisfaction; or (d) Close the account and send a check for the balance remaining in the account, payable to you or to you and each claimant, or to pay the funds into a court of appropriate jurisdiction for resolution. Without prior notice to you, you we may charge against or deduct from your account, or otherwise bill you directly, an amount representing our Losses expenses incurred in handling the conflicting claims on your account account, including, without limitation, attorneys’ fees and litigation costs, as permitted by Applicable Law. We may also assess and debit from your account any applicable fees set forth in the Fee Schedule of Fees (as may be amended from time to time) that may be assessed as a result of the Dispute in accordance with Applicable Law.

Conflicting Claims Involving Your Account. If we receive notice of an actual or potential claim from a third party regarding your account, or if we believe that a conflict exists between account owners and/or authorized signers/convenience signers Authorized Signers on the account, or if there appears to be a controversy over matters such as ownership of the account or who has the authority to withdraw funds, funds we may: (a) Continue to rely on the signature form(s), Account Agreement form(s) Opening Documents, or other documents and to process your account in what we believe is good faith conformity with such Account Agreement forms and documentsthese materials; (b) Honor the competing claim upon our receipt of evidence we deem satisfactory to justify the claim; (c) Freeze all or part of the funds in your account until the dispute is resolved to our reasonable satisfaction; or (d) Close the account and send a check for the balance remaining in the account, payable to you or to you and each claimant, or to pay the funds into a court of appropriate jurisdiction for resolution. Without prior notice to you, you we may charge against or deduct from your account, or otherwise bill you directly, an amount representing our Losses expenses incurred in handling the conflicting claims on your account account, including, without limitation, attorneys’ fees and litigation costs, as permitted by Applicable Law. We may also assess and debit from your account any applicable fees set forth in the Fee Schedule of Fees (as may be amended from time to time) that may be assessed as a result of the Dispute in accordance with Applicable Law.

Conflicting Claims Involving Your Account. If we receive notice of an actual or potential claim from a third party regarding your account, or if we believe that a conflict exists between account owners and/or authorized signers/convenience signers on the account, or if there appears to be a controversy over matters such as ownership of the account or who has the authority to withdraw funds, we may: (a) Continue to rely on the Account Agreement form(s) or other documents and to process your account in what we believe is good faith conformity with such Account Agreement forms and documents; (b) Honor the competing claim upon our receipt of evidence we deem satisfactory to justify the claim; (c) Freeze all or part of the funds in your account until the dispute is resolved to our reasonable satisfaction; or (d) Close the account and send a check for the balance remaining in the account, payable to you or to you and each claimant, or to pay the funds into a court of appropriate jurisdiction for resolution. Without prior notice to you, we may charge against or deduct from your account, or otherwise bill you directly, an amount representing our Losses incurred in handling the conflicting claims on your account as permitted by Applicable Law. We may also assess and debit from your account any applicable fees set forth in the Fee Schedule that may be assessed as a result of the Dispute in accordance with Applicable Law.