Common use of Guarantee Specific to Deposits Received for Credit to a Business Account Clause in Contracts

Guarantee Specific to Deposits Received for Credit to a Business Account. My use of RDCS for the purpose of depositing to a Business Account constitutes my understanding and agreement that I may be personally liable for any expenses Merrimack Valley CU incurs in attempting to obtain final payment for the item in question, outside of the routine costs associated with item processing, in the event of a default by the Business. This includes but is not limited to recovery of the amount credited in the event of non-payment, collection costs and attorney's fees as applicable, as well as any and all costs associated with Merrimack Valley CU enforcing this Guarantee. This Guarantee shall benefit the Merrimack Valley CU and its successors and assigns. Compliance with Law I agree to use the products and RDCS for lawful purposes and in compliance with all applicable laws, rules and regulations. I warrant that I will only transmit acceptable items for deposit and have handled the original items in accordance with applicable laws, rules and regulations, as well as all laws pertaining to the conduct of my business if applicable. I promise to indemnify and hold you harmless from any damages, liabilities, costs, expenses (including attorneys' fees) or other harm arising out of any violation thereof. This indemnity will survive termination of my Account and this Agreement. Check Requirements Any image of a check that I transmit to you must accurately and legibly provide all the information on the front and back of the check at the time presented to me by the drawer. Prior to scanning the original check, I will indorse the back of the original check. My endorsement will include my signature and the following information: Account Number, Date and the words "for Remote Deposit to MVCU". The scanned image of the check transmitted to you must accurately and legibly provide, among other things, the following information: (1) the information identifying the drawer and the paying bank that is preprinted on the check, including complete and accurate MICR information and the signature(s); and (2) other information placed on the check prior to the time an image of the check is captured, such as any required identification written on the front of the check and any endorsements applied to the back of the check. The image quality for the check will meet the standards for image quality established by the American National Standards Institute ("ANSI"), the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house or association. Rejection of Deposit You are not liable for any service or late charges levied against me due to your rejection of any item. In all cases, I am responsible for any loss or overdraft plus any applicable fees to your Account due to an item being returned. Items Returned Unpaid. A written notice will be sent to me of transactions you are unable to process because of returned items. With respect to any item that I transmit to you for remote deposit that you credit to my Account, in the event such item is dishonored, I authorize you to debit the amount of such item from the Account. Email Address. I agree to notify you immediately if I change my email address, as this is the email address where you will send me notification of receipt of remote deposit items. Unavailability of RDCS I understand and agree that RDCS may at times be temporarily unavailable due to Credit Union system maintenance or technical difficulties including those of the Internet service provider and Internet software. In the event that RDCS is unavailable, I acknowledge that I can deposit an original check at your branches or through your ATMs or by mailing the original check to you at PO Box 000 Xxxxx Xxxxxxx, XX 00000. It is my sole responsibility to verify that items deposited using RDCS have been received and accepted for deposit by you. However, you will email notification of items that are rejected by the next business day following rejection. Business Day and Availability Disclosure Your business days are Monday through Friday, except holidays. Your business hours are 8:30 a.m. to 5:00 p.m., Eastern Standard Time, each business day. Funds Availability I understand and agree that, for purposes of deposits made using RDCS, the place of deposit is Lawrence, Massachusetts. Deposits received after 4:30 PM will be posted the following business day. With regard to the availability of deposits made using the RDCS, mobile deposits are subject to holds as detailed in the funds availability policy, which is specified in the depositor agreement. Accountholder's Warranties I make the following warranties and representations with respect to each image of an original check I transmit to you utilizing RDCS:

Guarantee Specific to Deposits Received for Credit to a Business Account. My use of RDCS the "RDCS" for the purpose of depositing to a Business Account constitutes my understanding and agreement that I may be personally liable for any expenses Merrimack Valley CU Addition Financial incurs in attempting to obtain final payment for the item in question, outside of the routine costs associated with item processing, in the event of a default by the Businessan unpaid item. This includes but is not limited to recovery of the amount credited in the event of non-payment, collection costs and attorney's ’s fees as applicable, as well as any and all costs associated with Merrimack Valley CU Addition Financial enforcing this Guarantee. This Guarantee shall benefit Addition Financial and its successors and assigns. Guarantee Specific to Deposits Received for Personal Account. My use of the Merrimack Valley CU "RDCS" for the purpose of depositing to my personal account constitutes my understanding and agreement that I am personally liable for any expenses Addition Financial incurs in attempting to obtain final payment for the item in question, outside of the routine costs associated with item processing, in the event of an unpaid item. This includes but is not limited to recovery of the amount credited in the event of non-payment, collection costs and attorney’s fees as applicable, as well as any and all costs associated with Addition Financial enforcing this Guarantee. This Guarantee shall benefit Addition Financial and its successors and assigns. Compliance with Law Law. I agree to use the products and RDCS "RDCS" for lawful purposes and in compliance with all applicable laws, rules and regulations, as well as all laws pertaining to the conduct of my business if deposits are being made to my business or personal accounts. I warrant that I will only transmit acceptable items for deposit and have handled the original items in accordance with applicable laws, rules and regulations, as well as all laws pertaining to the conduct of my business if applicable. I promise to indemnify and hold you Addition Financial harmless from any damages, liabilities, costs, expenses (including attorneys' ’ fees) or other harm arising out of any violation thereof. This indemnity will survive termination of my Account and this Agreement. Check Requirements Any image of a check that I transmit to you must accurately and legibly provide all the information on the front and back of the check at the time presented to me by the drawer. Prior to scanning the original check, I will indorse the back of the original check. My endorsement will include my signature and the following information: Account Number, Date and the words "for Remote Deposit to MVCU". The scanned image of the check transmitted to you must accurately and legibly provide, among other things, the following information: (1) the information identifying the drawer and the paying bank that is preprinted on the check, including complete and accurate MICR information and the signature(s); and (2) other information placed on the check prior to the time an image of the check is captured, such as any required identification written on the front of the check and any endorsements applied to the back of the check. The image quality for the check will meet the standards for image quality established by the American National Standards Institute ("ANSI"), the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house or association. Rejection of Deposit You are not liable for any service or late charges levied against me due to your rejection of any item. In all cases, I am responsible for any loss or overdraft plus any applicable fees to your Account due to an item being returned. Items Returned Unpaid. A written notice will be sent to me of transactions you are unable to process because of returned items. With respect to any item that I transmit to you for remote deposit that you credit to my Account, in the event such item is dishonored, I authorize you to debit the amount of such item from the Account. Email Address. I agree to notify you immediately if I change my email address, as this is the email address where you will send me notification of receipt of remote deposit items. Unavailability of RDCS I understand and agree that RDCS may at times be temporarily unavailable due to Credit Union system maintenance or technical difficulties including those of the Internet service provider and Internet software. In the event that RDCS is unavailable, I acknowledge that I can deposit an original check at your branches or through your ATMs or by mailing the original check to you at PO Box 000 Xxxxx Xxxxxxx, XX 00000. It is my sole responsibility to verify that items deposited using RDCS have been received and accepted for deposit by you. However, you will email notification of items that are rejected by the next business day following rejection. Business Day and Availability Disclosure Your business days are Monday through Friday, except holidays. Your business hours are 8:30 a.m. to 5:00 p.m., Eastern Standard Time, each business day. Funds Availability I understand and agree that, for purposes of deposits made using RDCS, the place of deposit is Lawrence, Massachusetts. Deposits received after 4:30 PM will be posted the following business day. With regard to the availability of deposits made using the RDCS, mobile deposits are subject to holds as detailed in the funds availability policy, which is specified in the depositor agreement. Accountholder's Warranties I make the following warranties and representations with respect to each image of an original check I transmit to you utilizing RDCS:.

Guarantee Specific to Deposits Received for Credit to a Business Account. My use of RDCS for the purpose of depositing to a Business Account constitutes my understanding and agreement that I may be personally liable for any expenses Merrimack Valley CU incurs in attempting to obtain final payment for the item in question, outside of the routine costs associated with item processing, in the event of a default by the Business. This includes but is not limited to recovery of the amount credited in the event of non-payment, collection costs and attorney's fees as applicable, as well as any and all costs associated with Merrimack Valley CU enforcing this Guarantee. This Guarantee shall benefit the Merrimack Valley CU and its successors and assigns. Compliance with Law I agree to use the products and RDCS for lawful purposes and in compliance with all applicable laws, rules and regulations. I warrant that I will only transmit acceptable items for deposit and have handled the original items in accordance with applicable laws, rules and regulations, as well as all laws pertaining to the conduct of my business if applicable. I promise to indemnify and hold you harmless from any damages, liabilities, costs, expenses (including attorneys' fees) or other harm arising out of any violation thereof. This indemnity will survive termination of my Account and this Agreement. Check Requirements Any image of a check that I transmit to you must accurately and legibly provide all the information on the front and back of the check at the time presented to me by the drawer. Prior to scanning the original check, I will indorse the back of the original check. My endorsement will include my signature and the following information: Account Number, Date Number and the words "for Remote Deposit to MVCU". The scanned image of the check transmitted to you must accurately and legibly provide, among other things, the following information: (1) the information identifying the drawer and the paying bank that is preprinted on the check, including complete and accurate MICR information and the signature(s); and (2) other information placed on the check prior to the time an image of the check is captured, such as any required identification written on the front of the check and any endorsements applied to the back of the check. The image quality for the check will meet the standards for image quality established by the American National Standards Institute ("ANSI"), the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house or association. Rejection of Deposit You are not liable for any service or late charges levied against me due to your rejection of any item. In all cases, I am responsible for any loss or overdraft plus any applicable fees to your Account due to an item being returned. Items Returned Unpaid. A written notice will be sent to me of transactions you are unable to process because of returned items. With respect to any item that I transmit to you for remote deposit that you credit to my Account, in the event such item is dishonored, I authorize you to debit the amount of such item from the Account. Email Address. I agree to notify you immediately if I change my email address, as this is the email address where you will send me notification of receipt of remote deposit items. Unavailability of RDCS I understand and agree that RDCS may at times be temporarily unavailable due to Credit Union system maintenance or technical difficulties including those of the Internet service provider and Internet software. In the event that RDCS is unavailable, I acknowledge that I can deposit an original check at your branches or through your ATMs or by mailing the original check to you at PO Box 000 Xxxxx Xxxxxxx, XX 00000. It is my sole responsibility to verify that items deposited using RDCS have been received and accepted for deposit by you. However, you will email notification of items that are rejected by the next business day following rejection. Business Day and Availability Disclosure Your business days are Monday through Friday, except federal holidays. Your business hours are 8:30 a.m. to 5:00 4:30 p.m., Eastern Standard Time, each business day. Funds Availability I understand and agree that, for purposes of deposits made using RDCS, the place of deposit is Lawrence, Massachusetts. Deposits received after 4:30 PM will be posted the following business day. With regard to the availability of deposits made using the RDCS, mobile deposits are subject to holds as detailed in the funds availability policy, which is specified in the depositor agreement. Accountholder's Warranties I make the following warranties and representations with respect to each image of an original check I transmit to you utilizing RDCS: