HOLD ON ACCOUNTS OR TRANSACTIONS. The Financial Institution may place a hold on:
a) the proceeds of an Instrument presented by the Depositor until the Financial Institution accepts payment of, or remittance for, such Instrument; and.
b) the Account generally if
i) the Financial Institution becomes aware of suspicious or possible fraudulent or unauthorized Account activity that may cause a loss to the Depositor, the Financial Institution, Central 1, or an identifiable Third Party;
ii) an issue arises as to who the proper signing authorities are on the Account; or
iii) a claim is made by a Third Party to the funds in the Account which, in the Financial Institution’s sole discretion, is potentially legitimate. The Depositor authorizes the Financial Institution to make such inquiries and do such things, at the Depositor’s expense, as the Financial Institution deems necessary to resolve any of the issues noted above, including applying, at the Depositor’s expense, to a court of competent jurisdiction (a “Court”) to pay funds into Court and/or seek directions from a Court.
HOLD ON ACCOUNTS OR TRANSACTIONS. The Financial Institution may place a hold on the Account if:
a) the Financial Institution becomes aware of suspicious or possible fraudulent or unauthorized Account activity that may cause a loss to the Depositor, the Financial Institution, Central 1, or an identifiable Third Party;
b) an issue arises as to who the proper signing authorities are on the Account; or
c) a claim is made by a Third Party to the funds in the Account which, in the Financial Institution’s sole discretion, is potentially legitimate. The Depositor authorizes the Financial Institution to make such inquiries and do such things, at the Depositor’s expense, as the Financial Institution deems necessary to resolve any of the issues noted above, including applying, at the Depositor’s expense, to a court of competent jurisdiction (a “Court”) to pay funds into Court and/or seek directions from a Court. The Depositor agrees to indemnify the Financial Institution for any expense or cost incurred by the Financial Institution arising from the need to place a hold on the Account or Transactions, including but not limited to expenses incurred relating to an application to a Court. If the Depositor is requested and fails to do so, the Financial Institution may, in its sole discretion, close or place a hold on the Account, free of any responsibility or liability for unprocessed Transactions during such time. Any credit to the Account for any non-cash Instrument is provisional and subject to a hold or reversal unless the Financial Institution has received actual irrevocable payment, free of any Third Party claims.
HOLD ON ACCOUNTS OR TRANSACTIONS. DUCA may place a hold on:
a) the proceeds of an Instrument presented by the Member until DUCA accepts payment of, or remittance for, such Instrument; and.
b) the Account generally if
i) DUCA becomes aware of suspicious or possible fraudulent or unauthorized Account activity that may cause a loss to the Member, DUCA, Central 1, or an identifiable Third Party;
ii) an issue arises as to who the proper signing authorities are on the Account; or
iii) a claim is made by a Third Party to the funds in the Account which, in XXXX’x sole discretion, is potentially legitimate. The Member authorizes DUCA to make such inquiries and do such things, at the Member’s expense, as DUCA deems necessary to resolve any of the issues noted above, including applying, at the Member’s expense, to a court of competent jurisdiction (a “Court”) to pay funds into Court and/or seek directions from a Court.
HOLD ON ACCOUNTS OR TRANSACTIONS. BlueShore Financial may place a Hold on the Accounts or Transaction if any of the following occurs:
(a) BlueShore Financial becomes aware of any Suspicious Circumstances;
(b) an issue arises as to who are the proper signing authorities on the Accounts;
(c) a claim is made by a Third Party to the funds in the Accounts which, in our discretion, is potentially legitimate;
(d) BlueShore Financial, in its discretion, determines that it has received conflicting Instructions from you on the Accounts; or
(e) BlueShore Financial is given written notice of the death or incapacity of any joint Account holder, or is notified that an Account ceases to be jointly held. You authorize us to make such inquiries and do such things, at your expense, as we deem necessary to resolve any of these issues, including applying at your expense to a Court to pay funds into Court or seek directions from a Court. You agree to indemnify BlueShore Financial for any expense or cost incurred by BlueShore Financial arising from the need to place a Hold on the Accounts or Transactions, including legal and other expenses incurred relating to an application to a Court. Any Hold imposed by us pursuant to any of the terms of this Agreement, or investigation undertaken by us, is imposed or undertaken by us in our discretion and for our sole benefit. Release of a Hold by us is not a confirmation that a Transaction, Instruction or Instrument is in fact good and may not be relied upon as such by you. We are not liable for any Loss or damage of any kind, for any unprocessed Transactions otherwise related to a Hold imposed while exercising our rights under this Agreement or as otherwise required or permitted by law.
