Common use of ITEMS PAYABLE JOINTLY Clause in Contracts

ITEMS PAYABLE JOINTLY. If an item is drawn so that it is unclear whether one payee’s endorsement or two is required, only one endorsement will be required and the Bank shall not be liable for any loss incurred by the maker as a result of there being only one endorsement.

Appears in 5 contracts

Samples: Bank Services Agreement, Bank Services Agreement, Bank Services Agreement

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