Common use of Eligible Items and Security Interest Clause in Contracts

Eligible Items and Security Interest. You agree to scan and deposit only checks as the term "check" is defined in Federal Reserve Regulation CC ("Reg. CC"). You agree that the Image of the check that is transmitted to the Bank shall be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code in the state where your account is located. You agree that you will not use this Service to scan and deposit any of the following checks ("Prohibited Check") which shall be considered prohibited notwithstanding such checks may constitute "checks" under Reg. CC: •Checks payable to any person or entity other than the owner(s) of the account into which the check is being deposited. •Checks containing an alteration to any of the fields on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn •Checks payable to two or more persons jointly, not alternatively, unless deposited into an account jointly owned by all payees. •Checks previously converted to a substitute check, as defined in the Account Agreements, are "image replacement documents" that purport to be substitute checks. •Checks drawn on a financial institution located outside the United States. •Checks that are remotely created checks, as defined in the Account Agreement. •Checks not payable in United States currency. •Checks dated more than six (6) months prior to the date of deposit. •Checks prohibited by the Bank's current procedures related to this Service or which are otherwise not acceptable under the Account Agreement governing your Bank account. •Checks payable on sight or payable through drafts. •Checks with any endorsement on the back other than that specified in this Agreement. •Checks that have previously been negotiated, submitted through this Service, or through a remote deposit capture service offered at any other financial institution. •Checks that are drawn or otherwise issued by the U. S. Treasury Department. •Cashier's Checks, Money Orders or Postal Money Orders. •Travelers Checks. You agree that we may, in our sole discretion, amend the list of Prohibited Checks from time to time. If you deposit a Prohibited Check, you agree to indemnify and reimburse the Bank for, and hold the Bank harmless from and against, any and all losses, costs and expenses (including reasonable attorneys' fees) the Bank may incur associated with any warranty, indemnity or other claim related thereto. You grant us a security interest in all of your accounts or other deposits (whether general or special) at the Bank, and in all funds in such accounts or other deposits, to secure your obligations to the Bank under this Agreement to the maximum extent permitted by applicable law. This security interest will survive termination of this Agreement.

Appears in 3 contracts

Samples: cms-assets.cit.com, Agreement, Agreement

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Eligible Items and Security Interest. You agree to scan and deposit only checks as the term "check" is defined def ined in Federal Reserve Regulation CC ("Reg. CC"). You agree that the Image of the check that is transmitted to the Bank shall be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code in the state sta te where your account is located. You agree that you will not use this Service to scan and deposit any of the following checks ("Prohibited Check") which shall be considered prohibited notwithstanding such checks may constitute "checks" under Reg. CC: •Checks payable to any person or entity other than the owner(s) of the account into which the check is being deposited. •Checks containing an alteration to any of the fields on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn •Checks payable to two or more persons jointly, not alternatively, unless deposited into an account jointly owned by all payees. •Checks previously converted to a substitute check, as defined in the Account Agreements, are "image replacement documents" that purport to be substitute checks. •Checks drawn on a financial institution located outside the United States. •Checks that are remotely created checks, as defined in the Account Agreement. •Checks not payable in United States currency. •Checks dated more than six (6) months prior to the date of deposit. •Checks prohibited by the Bank's current procedures related to this Service or which are otherwise not acceptable a cceptable under the Account Agreement governing your Bank account. •Checks payable on sight or payable through drafts. •Checks with any endorsement on the back other than that specified in this Agreement. •Checks that have previously been negotiated, submitted through this Service, or through a remote deposit capture ca pture service offered at any other financial institution. •Checks that are drawn or otherwise issued by the U. S. Treasury Department. •Cashier's Checks, Money Orders or Postal Money Orders. •Travelers Checks. You agree that we may, in our sole discretion, amend the list of Prohibited Checks from time to time. If you deposit a Prohibited Check, you agree to indemnify and reimburse the Bank for, and hold the Bank harmless from f rom and against, any and all losses, costs and expenses (including reasonable rea sonable attorneys' fees) the Bank may incur associated with any warranty, indemnity or other claim related thereto. You grant us a security interest in all of your accounts or other deposits (whether general or special) at the Bank, and in all funds in such accounts or other deposits, to secure your obligations to the Bank under this Agreement Agreem ent to the maximum extent permitted by applicable law. This security interest will survive termination of this Agreement.

Appears in 1 contract

Samples: www.cit.com

Eligible Items and Security Interest. You agree to scan and deposit only checks as the term "check" check is defined in Federal Reserve Regulation CC ("Reg. CC"). You agree that the Image of the check that is transmitted to the Bank shall be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code in the state where your account is located(1990 Official Text). You agree that you will not use this Service to scan and deposit any of the following checks ("Prohibited Check") ), which shall be considered prohibited notwithstanding that such checks may constitute "checks" under Reg. CC: •Checks • Checks payable to any person or entity other than the owner(s) of the account into which the check is being deposited. •Checks • Checks containing an alteration to any of the fields on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn •Checks • Checks payable to two or more persons jointly, not alternatively, unless deposited into an account jointly owned by all payees. •Checks • Checks previously converted to a substitute check, as defined in the Account Agreements, are "image replacement documents" that purport to be substitute checks. •Checks • Checks drawn on a financial institution located outside the United States. •Checks • Checks that are remotely created checks, as defined in the Account Agreement. •Checks • Checks not payable in United States currency. •Checks • Checks dated more than six (6) months prior to the date of deposit. •Checks • Checks prohibited by the Bank's current procedures related to this Service or which are otherwise not acceptable under the Account Agreement governing your Bank account. •Checks • Checks payable on sight or payable through draftsDrafts. •Checks • Checks with any endorsement on the back other than that specified in this Agreement. •Checks • Checks that have previously been negotiated, submitted through this Service, or through a remote deposit capture service offered at any other financial institution. •Checks • Checks that are drawn or otherwise issued by the U. S. Treasury Department. •Cashier's Checks, Money Orders or Postal Money Orders. •Travelers • Travelers Checks. You agree that we may, in our sole discretion, amend the list of Prohibited Checks from time to time. If you deposit a Prohibited Check, you agree to indemnify and reimburse the Bank for, and hold the Bank harmless from and against, any and all losses, costs and expenses (including reasonable attorneys' fees) the Bank may incur associated with any warranty, indemnity or other claim related thereto. You grant us a security interest in all of your accounts or other deposits (whether general or special) at the Bank, and in all funds in such accounts or other deposits, to secure your obligations to the Bank under this Agreement to the maximum extent permitted by applicable law. This security interest will survive termination of this Agreement.

Appears in 1 contract

Samples: Deposit Service Agreement

Eligible Items and Security Interest. You agree to scan and deposit only checks as the term "check" check is defined in Federal Reserve Regulation CC ("Reg. CC"). You agree that the Image of the check that is transmitted to the Bank shall be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code in the state where your account is located(1990 Official Text). You agree that you will not use this Service to scan and deposit any of the following checks ("Prohibited Check") ), which shall be considered prohibited notwithstanding that such checks may constitute "checks" under Reg. CC: •Checks • Checks payable to any person or entity other than the owner(s) of the account into which the check is being deposited. •Checks • Checks containing an alteration to any of the fields on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn •Checks • Checks payable to two or more persons jointly, not alternatively, unless deposited into an account jointly owned by all payees. •Checks • Checks previously converted to a substitute check, as defined in the Account Agreements, are "image replacement documents" that purport to be substitute checks. •Checks Tejas Bank Mobile Deposit Service Agreement • Checks drawn on a financial institution located outside the United States. •Checks • Checks that are remotely created checks, as defined in the Account Agreement. •Checks • Checks not payable in United States currency. •Checks • Checks dated more than six (6) months prior to the date of deposit. •Checks • Checks prohibited by the Bank's current procedures related to this Service or which are otherwise not acceptable under the Account Agreement governing your Bank account. •Checks • Checks payable on sight or payable through draftsDrafts. •Checks • Checks with any endorsement on the back other than that specified in this Agreement. •Checks • Checks that have previously been negotiated, submitted through this Service, or through a remote deposit capture service offered at any other financial institution. •Checks that are drawn or otherwise issued by the U. S. Treasury Department. •Cashier's Checks, Money Orders or Postal Money Orders. •Travelers • Travelers Checks. You agree that we may, in our sole discretion, amend the list of Prohibited Checks from time to time. If you deposit a Prohibited Check, you agree to indemnify and reimburse the Bank for, and hold the Bank harmless from and against, any and all losses, costs and expenses (including reasonable attorneys' fees) the Bank may incur associated with any warranty, indemnity or other claim related thereto. You grant us a security interest in all of your accounts or other deposits (whether general or special) at the Bank, and in all funds in such accounts or other deposits, to secure your obligations to the Bank under this Agreement to the maximum extent permitted by applicable law. This security interest will survive termination of this Agreement.

Appears in 1 contract

Samples: Tejas Bank Mobile Deposit Service Agreement

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Eligible Items and Security Interest. You agree to scan and deposit only checks as the term "check" check is defined in Federal Reserve Regulation CC ("Reg. CC"). You agree that the Image of the check that is transmitted to the Bank shall be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code in the state where your account is located(1990 Official Text). You agree that you will not use this Service to scan and deposit any of the following checks ("Prohibited Check") ), which shall be considered prohibited notwithstanding that such checks may constitute "checks" under Reg. CC: •Checks  Checks payable to any person or entity other than the owner(s) of the account into which the check is being deposited. •Checks  Checks containing an alteration to any of the fields on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn •Checks  Checks payable to two or more persons jointly, not alternatively, unless deposited into an account jointly owned by all payees. •Checks  Checks previously converted to a substitute check, as defined in the Account Agreements, are or "image replacement documents" that purport to be substitute checks. •Checks  Checks drawn on a financial institution located outside the United States. •Checks  Checks that are remotely created checks, as defined in the Account AgreementAgreements. •Checks  Checks not payable in United States currency. •Checks  Checks dated more than six (6) months prior to the date of deposit. •Checks  Checks prohibited by the Bank's current procedures related to this Service or which are otherwise not acceptable under the Account Agreement Agreements governing your Bank account. •Checks  Checks payable on sight or payable through draftsDrafts. •Checks  Checks with any endorsement on the back other than that specified in this Agreement. •Checks  Checks that have previously been negotiated, submitted through this Service, or through a remote deposit capture service offered at any other financial institution. •Checks  Checks that are drawn or otherwise issued by the U. S. Treasury Department. •Cashier's Checks, Money Orders or Postal Money Orders. •Travelers  Travelers Checks. You agree that we may, in our sole discretion, amend the list of Prohibited Checks from time to time. If you deposit a Prohibited Check, you agree to indemnify and reimburse the Bank for, and hold the Bank harmless from and against, any and all losses, costs and expenses (including reasonable attorneys' fees) the Bank may incur associated with any warranty, indemnity or other claim related thereto. You grant us a security interest in all of your accounts or other deposits (whether general or special) at the Bank, and in all funds in such accounts or other deposits, to secure your obligations to the Bank under this Agreement to the maximum extent permitted by applicable law. This security interest will survive termination of this Agreement.

Appears in 1 contract

Samples: Mobile Deposit Service Agreement

Eligible Items and Security Interest. You agree to scan and deposit only checks as the term "check" check is defined in Federal Reserve Regulation CC ("Reg. CC"). You agree that the Image of the check that is transmitted to the Bank shall be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code in the state where your account is located(1990 Official Text). You agree that you will not use this Service to scan and deposit any of the following checks ("Prohibited Check") ), which shall be considered prohibited notwithstanding that such checks may constitute "checks" under Reg. CC: •Checks • Checks payable to any person or entity other than the owner(s) of the account into which the check is being deposited. •Checks • Checks containing an alteration to any of the fields on the front of the check, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check is drawn •Checks • Checks payable to two or more persons jointly, not alternatively, unless deposited into an account jointly owned by all payees. •Checks • Checks previously converted to a substitute check, as defined in the Account Agreements, are "image replacement documents" that purport to be substitute checks. •Checks • Checks drawn on a financial institution located outside the United States. •Checks • Checks that are remotely created checks, as defined in the Account Agreement. •Checks Tejas Bank Mobile Deposit Service Agreement • Checks not payable in United States currency. •Checks • Checks dated more than six (6) months prior to the date of deposit. •Checks • Checks prohibited by the Bank's current procedures related to this Service or which are otherwise not acceptable under the Account Agreement governing your Bank account. •Checks • Checks payable on sight or payable through draftsDrafts. •Checks • Checks with any endorsement on the back other than that specified in this Agreement. •Checks • Checks that have previously been negotiated, submitted through this Service, or through a remote deposit capture service offered at any other financial institution. •Checks that are drawn or otherwise issued by the U. S. Treasury Department. •Cashier's Checks, Money Orders or Postal Money Orders. •Travelers • Travelers Checks. You agree that we may, in our sole discretion, amend the list of Prohibited Checks from time to time. If you deposit a Prohibited Check, you agree to indemnify and reimburse the Bank for, and hold the Bank harmless from and against, any and all losses, costs and expenses (including reasonable attorneys' fees) the Bank may incur associated with any warranty, indemnity or other claim related thereto. You grant us a security interest in all of your accounts or other deposits (whether general or special) at the Bank, and in all funds in such accounts or other deposits, to secure your obligations to the Bank under this Agreement to the maximum extent permitted by applicable law. This security interest will survive termination of this Agreement.

Appears in 1 contract

Samples: Tejas Bank Mobile Deposit Service Agreement

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