Common use of HOLD ON ACCOUNTS OR TRANSACTIONS Clause in Contracts

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: 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: a) the proceeds of an Instrument presented by the Depositor Trustee 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 DepositorTrustee, 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 Trustee authorizes the Financial Institution to make such inquiries and do such things, at the DepositorTrustee’s expense, as the Financial Institution deems necessary to resolve any of the issues noted above, including applying, at the DepositorTrustee’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: : a) the proceeds of an Instrument presented by the Depositor until the Financial Institution accepts payment of, or remittance for, such Instrument; and. and b) the Account generally if 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 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 Credit Union may place a hold on: a) the proceeds of an Instrument presented by the Depositor until the Financial Institution Credit Union accepts payment of, or remittance for, such Instrument; and. b) the Account generally if i) the Financial Institution Credit Union becomes aware of suspicious or possible fraudulent or unauthorized Account activity that may cause a loss to the Depositor, the Financial InstitutionCredit Union, 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 Credit Union's sole discretion, is potentially legitimate. The Depositor authorizes the Financial Institution Credit Union to make such inquiries and do such things, at the Depositor’s expense, as the Financial Institution Credit Union 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.