Common use of COUNTERMANDS Clause in Contracts

COUNTERMANDS. Any countermand of payment (commonly called a “stop payment”) of an Instrument drawn on the Account must be in writing and signed by the Depositor who signed the Instrument that is the subject of the countermand, or by some other person(s) duly authorized by the Depositor. On receiving a countermand of payment of an Instrument drawn on the Account, the Financial Institution will: a) use reasonable diligence to comply with the countermand, but b) not be liable to the Depositor or any other person by reason of complying with, or failing to comply with, the countermand, whether the Financial Institution is negligent, wilfully negligent, or otherwise. The Depositor hereby agrees to indemnify and save the Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Financial Institution by reason of it complying with, or failing to comply with, a countermand of payment. This indemnity will enure to the benefit of the Financial Institution and will be binding upon the Depositor and their heirs, executors, successors, and assigns.

COUNTERMANDS. Any countermand of payment (commonly called a “stop payment”) of an Instrument drawn on the Account must be in writing and signed by the Depositor Authorized User who signed the Instrument that is the subject of the countermand, or by some other person(s) duly authorized by the Depositor. On receiving a countermand of payment of an Instrument drawn on the Account, the Financial Institution will: a) use reasonable diligence to comply with the countermand, but b) not be liable to the Depositor or any other person by reason of complying with, or failing to comply with, the countermand, whether the Financial Institution is negligent, wilfully negligent, or otherwise. The Depositor hereby agrees to indemnify and save the Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Financial Institution by reason of it complying with, or failing to comply with, a countermand of payment. This indemnity will enure to the benefit of the Financial Institution and will be binding upon the Depositor and their heirs, executors, successors, the Depositor’s successors and assigns.

COUNTERMANDS. Any countermand of payment (commonly called a “"stop payment”") of an a negotiable Instrument drawn on the Account must be in writing and signed by the Depositor who signed the negotiable Instrument that is the subject of the countermand, or by some other person(s) duly authorized by the Depositor. On receiving a countermand of payment of an a negotiable Instrument drawn on the Account, the Financial Institution will: a) use reasonable diligence to comply with the countermand, but b) not be liable to the Depositor or any other person by reason of complying with, or failing to comply with, the countermand, whether the Financial Institution is negligent, wilfully willfully negligent, or otherwise. The Depositor hereby agrees to indemnify and save the Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Financial Institution by reason of it complying with, or failing to comply with, a countermand of payment. This indemnity will enure to the benefit of the Financial Institution and will be binding upon the Depositor and their heirs, executors, successors, and assigns.

COUNTERMANDS. Any countermand of payment (commonly called a “"stop payment”") of an a negotiable Instrument drawn on the Account must be in writing and signed by the Depositor Authorized User who signed the negotiable Instrument that is the subject of the countermand, or by some other person(s) duly authorized by the Depositor. On receiving a countermand of payment of an a negotiable Instrument drawn on the Account, the Financial Institution will: a) use reasonable diligence to comply with the countermand, but b) not be liable to the Depositor or any other person by reason of complying with, or failing to comply with, the countermand, whether the Financial Institution is negligent, wilfully negligent, or otherwise. The Depositor hereby agrees to indemnify and save the Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Financial Institution by reason of it complying with, or failing to comply with, a countermand of payment. This indemnity will enure to the benefit of the Financial Institution and will be binding upon the Depositor and their heirs, executors, successors, the Depositor's successors and assigns.

COUNTERMANDS. Any countermand of payment (commonly called a “stop payment”) of an Instrument drawn on the Account must be in writing and signed by the Depositor who signed the Instrument that is the subject of the countermand, or by some other person(s) duly authorized by the Depositor. On receiving a countermand of payment of an Instrument drawn on the Account, the Financial Institution will: a) use reasonable diligence to comply with the countermand, but b) not be liable to the Depositor or any other person by reason of complying with, or failing to comply with, the countermand, whether the Financial Institution is negligent, wilfully negligent, or otherwise. The Depositor hereby agrees to indemnify and save the Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Financial Institution by reason of it complying with, or failing to comply with, a countermand of payment. This indemnity will enure to the benefit of the Financial Institution and will be binding upon the Depositor and their heirs, executors, successors, and assigns.

COUNTERMANDS. Any countermand of payment (commonly called a “stop payment”) of an Instrument drawn on the Account must be in writing and signed by the Depositor who signed the Instrument that is the subject of the countermand, or by some other person(s) duly authorized by the Depositor. On receiving a countermand of payment of an Instrument drawn on the Account, the Financial Institution will: : a) use reasonable diligence to comply with the countermand, but but b) not be liable to the Depositor or any other person by reason of complying with, or failing to comply with, the countermand, whether the Financial Institution is negligent, wilfully negligent, or otherwise. The Depositor hereby agrees to indemnify and save the Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Financial Institution by reason of it complying with, or failing to comply with, a countermand of payment. This indemnity will enure to the benefit of the Financial Institution and will be binding upon the Depositor and their heirs, executors, successors, and assigns.