Limits on our liability. You acknowledge that we will rely fraudulent with respect to the attributes for which you failed to provide completely on information and instructions you give us in providing the us information, so long as we otherwise satisfied our duty of care with CPR service to you and that we are not required to inspect any attribute respect to the other aspects of the CPR service in processing that of a check (other than those included in the relevant issue file) that is check. processed through the CPR service. As a result, you agree that, in addition to any other limitations on our liability under the agreement, we (b) As part of the CPR service,we can also make your issue will not have any liability for (a)following instructions we receive from files available to our branches to assist our tellers in cashing checks. any person we believe in good faith is one of your authorized This is referred to as "teller access." If a check presented for payment representatives or telephone representatives or (b)paying or returning over the counter in one of our branches against an account that uses any check in accordance with the terms of this these CPR terms and teller access(i)is presented before we have received and processed an conditions, including any check that (i)bears a forged or unauthorized issue file for such check or(ii)is a mismatched check, we will attempt to signature or is counterfeit or otherwise not validly issued or(ii)is altered obtain approval for payment of the mismatched check by calling one of or otherwise fraudulent with respect to an attribute that the CPR service the people you have designated as a "telephone representative"for the is designed to match. Moreover, you acknowledge that the CPR service relevant account as reflected in your CPR service profiles as they are in is not a substitute for our stop payment service and you agree not to effect at the relevant time. We will make one attempt to call each report an item as "void" if you have released the item. Finally, you telephone representative for the relevant account until we have reached understand and agree that the purpose of the CPR service is to improve one of them. Each telephone representative is authorized to instruct us reconciliation of checks and eliminate traditional stop payment to pay or return any mismatched check. If the telephone representative procedures,and not to delay the collection of funds. we contact instructs us to pay the check, then you authorize us to post, finally pay and charge the check against the relevant account. If we are 5.
Appears in 2 contracts
Samples: Treasury Management Master Agreement, Treasury Management Master Agreement
Limits on our liability. You acknowledge that we will rely unauthorized signature or is counterfeit, altered or otherwise fraudulent with respect to the attributes for which you failed to provide completely on information and instructions you give us in providing the us informationor not validly issued, so long as we otherwise satisfied our duty of care with CPR service process that check in PPY and RPPY services to you and that we are not required to inspect accordance with our standard check cashing procedures. Similarly, if any attribute respect to the other aspects of the CPR service in processing that of a check (other than those included in the relevant issue you select the RPPY service option,we may not provide you information file) that is check. processed through the CPR PPY or RPPY service. As a result, for all check attributes(such as the payee name)that the PPY service is you agree that in addition to any limitations on our liability under the capable of matching. Of course, not matching all available check agreement, we will not have any liability for(a)following instructions we attributes increases the risk that a fraudulent check will not be detected receive from any person we believe in good faith is one of your as a mismatched check. As a result, you agree that, in addition to any other limitations on our liability under the agreement, we (b) As part of the CPR service,we can also make your issue will not have any liability for (a)following instructions we receive from files available to our branches to assist our tellers in cashing checks. any person we believe in good faith is one of your authorized This is referred to as "teller access." If a check presented for payment representatives or telephone representatives or(b)paying or (b)paying or other limits on our liability provided in the master agreement,the general returning over the counter in one of our branches against an account that uses any check in accordance with the terms of this these CPR PPY and RPPY terms and teller access(i)is presented before we have received terms and processed an conditions or these RPPY terms and conditions, if you select conditions, including any check that (i)bears a forged or unauthorized issue file the RPPY service for such check or(ii)is a mismatched checkan account, then we will attempt to not be liable for paying signature or is counterfeit or otherwise not validly issued or(ii)is altered obtain approval any check that is fraudulent with respect to the attributes for payment of the mismatched check by calling one of which we or otherwise fraudulent with respect to an attribute that the CPR PPY or do not provide you information, so long as we otherwise satisfied our RPPY service the people you have designated as a "telephone representative"for the is designed to match. Moreover, you acknowledge that duty of care with respect to the CPR other aspects of the RPPY service relevant account as reflected in your CPR the PPY service profiles as they are in is not a substitute for our stop payment service and you processing that check. agree not to effect at the relevant time. We will make one attempt to call each report an item as "void" if as"void"if you have released the item. Finally, you telephone representative for the relevant account until we have reached understand and agree that the purpose of the CPR service is to improve one of them. Each telephone representative is authorized to instruct us reconciliation of checks and eliminate traditional stop payment to pay or return any mismatched check. If the telephone representative procedures,and not to delay the collection of funds. we contact instructs us to pay the check, then you authorize us to post, finally pay and charge the check against the relevant account. If we are 5.
Appears in 2 contracts
Samples: Treasury Management Master Agreement, Treasury Management Master Agreement