Common use of Disposal of Transmitted Items Clause in Contracts

Disposal of Transmitted Items. After you receive confirmation that we have received an image, you must securely store the original Check for 14 days after transmission to us and make the original Check accessible to us at our request. Upon our request from time to time, you will deliver to us within two Business Days, at your expense, the requested original Check in your possession. If not provided in a timely manner, such amount will be reversed from your account. Promptly after the 14-day retention period expires, you must destroy the original Check by first marking it "VOID" and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of the original Check, the image will be the sole evidence of the original Check. You agree that you will never re-present the original Check. You understand that you are responsible if anyone is asked to make a payment based on an original check that has already been paid. For purposes of this Agreement, a "Business Day" means any weekday, excluding any federal banking holiday observed by the Federal Reserve.

Disposal of Transmitted Items. After you receive confirmation that we have received an image, you must securely store the original Check check for 14 days after transmission to us and make the original Check check accessible to us at our request. Upon our request from time to timerequest, you will deliver to us within two Business Daysbusiness days, at your expense, the requested original Check check in your possession. If not provided in a timely manner, such amount will be reversed from your account. Promptly after the 14-day retention period expires, you must destroy the original Check check by first marking it "“VOID" ” and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of the original Checkcheck, the image will be the sole evidence of the original Checkcheck. You agree that you will never re-present represent the original Checkcheck. You understand that you are responsible if anyone is asked to make a payment based on an original check that has already been paid. For purposes of this Agreement, a "Business Day" “business day” means any weekday, excluding the following days: any federal banking holiday observed by the Federal Reserve.