Counterfeit Money Clause Samples

The Counterfeit Money clause establishes the rules and responsibilities regarding the handling of fake or forged currency within a transaction or agreement. Typically, this clause outlines the procedures to follow if counterfeit money is discovered, such as requiring the party who provided the counterfeit funds to replace them with genuine currency or bear the associated losses. Its core practical function is to protect parties from financial harm and disputes arising from the inadvertent or intentional use of counterfeit money, thereby ensuring trust and integrity in monetary exchanges.
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Counterfeit Money. ▇▇▇▇▇ County Credit Union will only be responsible for currency given out at the time of the transaction. Members and non-members are responsible for verifying all cash before the completion of their transaction. Any bill that is presented for deposit at ▇▇▇▇▇ County Credit Union, and deemed as a potential counterfeit, will be sent to the United States Secret Service for Verification.
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Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may defend at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to defend or settle.
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Counterfeit Money. Any loss to you through the acceptance in good faith of money subsequently found to be counterfeit.
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Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United Stat es of America money subsequ ently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may def end at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to def end or settle. This insurance is hereby extended to include loss or damage caused directly by the backing-up of sew ers, sumps, septic tanks or drains. This extension does not insure damage caused by continuous or rep eated seep age or leakage; the escape, overflow , or backing-up of w ater from sew ers due to rising or overflow ing of streams or ot her bodies of w ater; or occurring w ▇▇▇▇ the building is un der cons truction or is vacant, even though permission may have been given for construction or vacancy. The Insurer is liable for the amount by w hich the loss or damage caused by any of the perils insured against under this extension exceeds in any one occurrence the deductible amount, if any, specified on the Declarations Page applicable to this extension. The Insurer is not liable for loss or damage caused by any of the perils insured against in any one occurrence in excess of the sub-limit, if any, specified on the Declarations Page applicable to this extension. If Restricted to locations is indicated on the Declarations Page applicable to this extension, sew er back-up coverage is restricted to the locations so indicated. All other terms and conditions of the policy to w hich this endorsement applies remain unchanged.
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Counterfeit Money. Any loss to y ou through the acceptance in good f aith of money subsequently f ound to be counterf eit. We may make any inv estigation and settle any claim or suit brought against y ou f or liability under this section. We may def end at our discretion and at our expense, ov er and abov e the amount of insurance prov ided, either y ou or y our bank. Pay ment of our limit of insurance ends our duty to def end or settle. Statutory Conditions 1,3,4,5 and 15 only apply to Forms specif ically cov ering Liability for Bodily Injury , Property Damage, Med ical Pay ments and Residence Voluntary Compensation. Otherwise, all of the Conditions set f ▇▇▇▇ under the titles Statutory Conditions and Additional Conditions apply with respect to all of the perils insured by this policy except that these Conditions may be modif ied or supplemented by the Forms or Endorsements attached.
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Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may defend at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to defend or settle. Statutory Conditions 1, 3, 4, 5 and 15 only apply to Forms specifically covering Liability for Bodily Injury, Property Damage, Medical Payments and Residence Voluntary Compensation. Otherwise, all of the Conditions set forth under the titles Statutory Conditions and Additional Conditions apply with respect to all of the perils insured by this policy except that these Conditions may be modified or supplemented by the Forms or Endorsements attached.
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Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit.
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Counterfeit Money. Any loss to you through the acceptance in good faith of Canadian or United States of America money subsequently found to be counterfeit. We may make any investigation and settle any claim or suit brought against you for liability under this section. We may defend at our discretion and at our expense, over and above the amount of insurance provided, either you or your bank. Payment of our limit of insurance ends our duty to defend or settle. This insurance is hereby extended to include loss or damage caused directly by the backing-up of sewers, sumps, septic tanks or drains. This extension does not insure damage caused by continuous or repeated seepage or leakage; the escape, overflow, or backing-up of water from sewers due to rising or overflowing of streams or other bodies of water; or occurring while the building is under construction or is vacant, even though permission may have been given for construction or vacancy. The Insurer is liable for the amount by which the loss or damage caused by any of the perils insured against under this extension exceeds in any one occurrence the deductible amount, if any, specified on the Declarations Page applicable to this extension. The Insurer is not liable for loss or damage caused by any of the perils insured against in any one occurrence in excess of the sub-limit, if any, specified on the Declarations Page applicable to this extension. If Restricted to locations is indicated on the Declarations Page applicable to this extension, sewer back-up coverage is restricted to the locations so indicated. All other terms and conditions of the policy to which this endorsement applies remain unchanged. (For use on property policies) 1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease. 2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. for a Communicable Disease, or 2.2. any property insured he...
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Related to Counterfeit Money

  • COUNTERFEIT GOODS Seller agrees that it will not furnish to Jeppesen Goods or separately-identifiable items or components of Goods that: (i) are an unauthorized copy or substitute of an “Original Equipment Manufacturer” or “Original Component Manufacturer” (collectively, “OEM”) item; (ii) are not traceable to an OEM sufficient to ensure authenticity in OEM design and manufacture; (iii) do not contain proper external or internal materials or components required by the OEM or are not constructed in accordance with OEM design; (iv) have been re- worked, re-marked, re-labeled, repaired, refurbished, or otherwise modified from OEM design but not disclosed as such or are represented as OEM authentic or new; or (v) have not passed successfully all OEM required testing, verification, screening, and quality control processes, (collectively “Counterfeit Goods”). Notwithstanding the foregoing, Goods or items that contain modifications, repairs, re-work, or re-marking as a result of Seller’s or its subcontractor’s design authority, material review procedures, quality control processes or parts management plans, and that have not been misrepresented or mismarked without legal right to do so, will not be deemed Counterfeit Goods. Counterfeit Goods will be deemed nonconforming for this PO under which they were delivered. Seller will implement and/or maintain an appropriate strategy to ensure that Goods furnished to Jeppesen under this PO are not Counterfeit Goods. Seller’s strategy will include, but is not limited to, the direct procurement of items from OEMs or authorized suppliers, conducting approved testing or inspection to ensure the authenticity of items, and, when items are to be procured from non-authorized suppliers, obtaining from such non-authorized suppliers appropriate certificates of conformance that provide one or more of the following: (i) the OEM’s original certificate of conformance for the item; (ii) sufficient records providing unbroken supply chain traceability to the OEM; or (iii) test and inspection records demonstrating the item’s authenticity. If Seller becomes aware or suspects that it has furnished Counterfeit Goods to Jeppesen under this PO, Seller promptly, but in no case later than thirty (30) days from discovery, will notify Jeppesen in writing and replace, at Seller’s expense, such Counterfeit Goods with OEM or Jeppesen- approved Goods that conform to the requirements of this PO. Seller will be liable for all costs related to the replacement of Counterfeit Goods, installation of authentic Goods, and any testing or validation necessitated by the installation of authentic Goods after the Counterfeit Goods have been replaced. Seller bears responsibility for procuring authentic Goods or items from its subcontractors and will ensure that all such subcontractors comply with the requirements of this Section.

  • COUNTERFEIT WORK (a) The following definitions apply to this clause:

  • Client Money We are not authorised to handle client money; any payments received from you or which need to be refunded to you, will be held by Coversure Insurance Services Limited. Client money is money that is received and held on behalf of our clients during the course of our dealings such as premium payments, premium refunds and claim payments. This money will be held either as agent of the insurer or agent of the client, determined by the agreement in place with each insurer. Where money is held as agent of the insurer, this means that when your cleared premium funds are recieved, the premium is deemed to have been paid to the insurer. The FCA require that all client monies, including yours, are held in a trust account, the purpose of which is to protect you in the event of our financial failure since, in such circumstances, our general creditors would not be able to make claims on client money as it will not form part of our assets. Coversure Insurance Services Limited hold all client monies with one or more approved banks, as defined by the FCA, in a Non-Statutory Trust bank account in accordance with the FCA client money rules. Under these arrangements, Coversure Insurance Services Limited assume responsibility for such monies and are permitted to, and may: • Use such monies received on behalf of one customer to pay another customer’s premium, before the premium is received from that other customer. However, we are not entitled to pay ourselves commissions before we receive the relevant premium from the customer; • For the purpose of effecting a transaction on your behalf, pass your money to another intermediary, including those resident outside the UK who would therefore be subject to different legal and regulatory regimes. In the event of a failure of the intermediary, this money may be treated in a different manner from that which would apply if the money were held by an intermediary in the UK. Please inform us if you do not agree to this. • Retain for our own use, any interest earned on client money. Unless we receive your written instruction to the contrary, we shall treat receipt of payment from you and of any claim payment and/or refund of premium which falls due to you, as being with your informed consent to the payment of those moneys into our Non-Statutory Trust bank account.

  • ▇▇▇▇▇▇▇ Money After acceptance by all Parties, the Buyer agrees to make a payment in the amount of $ as consideration by , 20 at : ☐ AM ☐ PM (“▇▇▇▇▇▇▇ Money”). The ▇▇▇▇▇▇▇ Money shall be applied to the Purchase Price at Closing and subject to the Buyer’s ability to perform under the terms of this Agreement. Any ▇▇▇▇▇▇▇ Money accepted ☐ is ☐ is not required to be placed in a separate trust or escrow account in accordance with State law.

  • E▇▇▇▇▇▇ Money (a) Purchaser shall deliver to the Escrow Holder no later than 5:00 pm (Florida time) on the second (2nd) Business Days after a counterpart of this Agreement signed by Purchaser and Seller has been delivered to Purchaser, the sum of $1,277,000 by federal funds wire transfer (together with all interest earned thereon, the “E▇▇▇▇▇▇ Money”). This Agreement shall terminate and be deemed void ab initio if the E▇▇▇▇▇▇ Money is not timely deposited with Escrow Holder. The E▇▇▇▇▇▇ Money shall be held in escrow by the Escrow Holder in a segregated interest-bearing account, with interest accruing for the benefit of the party entitled to the payment or return of the E▇▇▇▇▇▇ Money. The E▇▇▇▇▇▇ Money shall be paid to Seller and applied toward the Purchase Price at Closing, and shall otherwise be paid or applied in accordance with this Agreement. $339,374 of the E▇▇▇▇▇▇ Money (the “Deerwood E▇▇▇▇▇▇ Money”) shall be allocated to Deerwood Village. $412,144 of the E▇▇▇▇▇▇ Money shall be allocated to Villa Tuscany (the “Villa Tuscany E▇▇▇▇▇▇ Money”). $61,821 of the E▇▇▇▇▇▇ Money shall be allocated to Midway M▇▇▇▇, and $463,661 of the E▇▇▇▇▇▇ Money shall be allocated to Vista Grande (the “Vista G▇▇▇▇▇ ▇▇▇▇▇▇▇ Money”). The Villa Tuscany E▇▇▇▇▇▇ Money shall remain in escrow following the Closing of Vista Grande and Midway M▇▇▇▇, and shall be paid to Seller and applied to the Villa Tuscany Purchase Price and, if applicable, the portion of the Purchase Price allocated to the Deerwood Village Apartment Complex at the Closing of each such Apartment Complex, and shall otherwise be paid or applied in accordance with this Agreement. (b) The Escrow Holder shall hold the E▇▇▇▇▇▇ Money pursuant to the following provisions: (i) The Escrow Holder is not a party to, and is not bound by, or charged with notice of any agreement out of which this escrow may arise, other than the terms and provisions of this Section 3.2. (ii) The Escrow Holder shall deliver the E▇▇▇▇▇▇ Money to the party so designated on written notice from both the Purchaser and Seller specifying the time and the place where the E▇▇▇▇▇▇ Money is to be delivered, provided, however that the Escrow Holder shall have received such written instructions at least one (1) Business Day prior to the date designated for delivery; provided, further, however, the Closing Statement shall be sufficient to constitute such notice regardless of the date so executed. (iii) The Escrow Holder is acting solely as a stakeholder and depository as an accommodation to Purchaser and Seller, and is not responsible or liable for any matter or loss arising out of the Escrow Holder’s conduct hereunder, except for its gross negligence or willful misfeasance. The Escrow Holder shall not be responsible or liable for the sufficiency, correctness, genuineness, or validity of the subject matter of this Agreement, or for the identity or authority of any person executing any documents or instruments in connection herewith. (iv) Purchaser and Seller agree to jointly and severally, indemnify, defend and hold harmless the Escrow Holder from and against any loss, cost, claims, damage or expense, including, without limitation, any and all court costs and attorney’s fees and expenses, collectively called “Expenses”, incurred by the Escrow Holder in connection with or in any way arising out of this Agreement, other than Expenses resulting from the Escrow Holder’s gross negligence or willful misconduct, provided that as between Purchaser and Seller any costs or expenses incurred as a result of any dispute between Seller and Purchaser shall be the responsibility of the non-prevailing party in such dispute. The Escrow Holder may, at its own expense, consult with legal counsel in the event of any dispute or questions as to the construction of any provisions hereof or its duties hereunder, and it shall be fully protected in acting in accordance with the written opinion or instructions of such counsel. (v) The Escrow Holder shall be entitled to act or rely upon, and the Escrow Holder shall be protected in acting or relying upon, the genuineness and validity of any written notice, request, waiver, consent, certificate, receipt, authorization, power of attorney or other document the Escrow Holder shall receive from any party hereto. (vi) Except as otherwise provided in Section 3.2 (b) (ii) above, in the event that (a) the Escrow Holder receives contradictory instructions from the parties hereto, or (b) there shall be any dispute between Seller and Purchaser as to any matter arising under this Agreement, or (c) there shall be any uncertainty as to the meaning or applicability of the provisions hereof or any written instructions received by the Escrow Holder pursuant hereto, the Escrow Holder shall continue to hold the E▇▇▇▇▇▇ Money pending resolution of the matter if so instructed by written notification from both Seller and Purchaser or if not so instructed shall deposit the E▇▇▇▇▇▇ Money with any appropriate court in the State of New York at the cost and expense of Purchaser and Seller jointly and severally, and, upon making such deposit, the Escrow Holder shall thereupon be discharged and released from any and all liability with respect to the E▇▇▇▇▇▇ Money. The Escrow Holder may dispose of the escrowed funds in accordance with a court order, and shall be fully protected if it acts in accordance with any such court order. (vii) Deposits made pursuant to these instructions may be invested on behalf of any party or parties hereto, provided that any direction to the Escrow Holder for such investment shall be in writing and contain the consent of all other parties to this Agreement together with a completed, signed W-9 Form. The Escrow Holder is not to be held responsible for the loss of principal or interest on any investment made pursuant to the aforesaid instruction or in the redemption thereof. (viii) The E▇▇▇▇▇▇ Money must be held in a segregated escrow account and may not be commingled with any other escrowed funds held by the Escrow Holder; and (ix) Upon delivery of the E▇▇▇▇▇▇ Money in accordance with the terms hereof, the Escrow Holder shall be discharged and released from any and all liability with respect to the E▇▇▇▇▇▇ Money. (x) Escrow Holder may resign as Escrow Holder hereunder at any time upon written notice to Purchaser and Seller, provided that such resignation shall not be effective unless and until a replacement escrow agent acceptable to Purchaser and Seller shall have been identified and such replacement escrow agent shall have agreed in writing to serve as Escrow Holder hereunder pursuant to the terms and conditions of this Agreement. (xi) Purchaser and Seller may jointly terminate the services of Escrow Holder hereunder at any time upon written notice to Escrow Holder, provided that such termination shall not be effective unless and until a replacement escrow agent acceptable to Purchaser and Seller shall have been identified and such replacement escrow agent shall have agreed in writing to serve as Escrow Holder hereunder pursuant to the terms and conditions of this Agreement.