Common use of Handling of Transmitted Items Clause in Contracts

Handling of Transmitted Items. Upon receiving electronic confirmation of receipt of an item, Depositor agrees to store the original item in a safe and secure environment for at least Ten (10) days following the day of deposit; and agrees to never re-present the item. Depositor will promptly (within 5 business days) provide any retained original item to NCFCU when requested to aid in the clearing and collection process to resolve claims by third parties with respect to any item or as NCFCU otherwise deems necessary.

Handling of Transmitted Items. Upon receiving electronic confirmation of receipt of an item, Depositor Xxxxxxxxx agrees to store the original item in a safe and secure environment for at least Ten (10) days following the day of deposit; and agrees to never re-present the item. Depositor will promptly (within 5 business days) provide any retained original item to NCFCU when requested to aid in the clearing and collection process to resolve claims by third parties with respect to any item or as NCFCU otherwise deems necessary.