Common use of Loss or Destruction of Items Clause in Contracts

Loss or Destruction of Items. We are not responsible for the actions of other banks, for the loss or destruction of items in transit or items held in your possession. If items are lost or destroyed, you agree to cooperate with us by (i) researching and providing information to us about those items, (ii) asking the issuers of those items to stop payment on them, (iii) using reasonable efforts to obtain replacements and providing copies of those items to us, and (iv) completing any other action that we request.