Common use of Deposited Items Returned Unpaid Clause in Contracts

Deposited Items Returned Unpaid. We have the right to charge back to your Collateral Account any Item deposited to your Collateral Account that is returned. We have the right to pursue collection of such Items, even to the extent of allowing the payor bank to hold an Item beyond the midnight deadline in an attempt to recover payment. These collection efforts may include sending such Items back for collection one or more times. We will have no liability for resubmitting or not resubmitting these Items (or for taking any other action we consider reasonable to recover payment) without notice to you.

Deposited Items Returned Unpaid. We have The Bank has the right to charge back to your Collateral Account any Item deposited to your Collateral Account that is returned. We have The Bank has the right to pursue collection of such Items, even to the extent of allowing the payor bank to hold an Item beyond the midnight deadline in an attempt to recover payment. These collection efforts may include sending such Items back for collection one or more times. We The Bank will have no liability for resubmitting or not resubmitting these Items (or for taking any other action we consider it considers reasonable to recover payment) without notice to you.

Deposited Items Returned Unpaid. We have the right to charge back to your Collateral Secured Account any Item deposited to your Collateral Secured Account that is returned. We have the right to pursue collection of such Items, even to the extent of allowing the payor bank to hold an Item beyond the midnight deadline in an attempt to recover payment. These collection efforts may include sending such Items back for collection one or more times. We will have no liability for resubmitting or not resubmitting these Items (or for taking any other action we consider reasonable to recover payment) without notice to you.