Notation of Items Sample Clauses
Notation of Items. Any instrument noticed by Lender to contain a notation that it is tendered as full payment of all obligations due to the Borrower from the maker shall be deposited (and Lender is hereby directed by Borrower to deposit such instrument) into the Operating Account. Borrower agrees that receipt of a copy of any instrument containing any such notation is sufficient notification thereof.
Notation of Items. If SNB notices any notation on checks or other instruments which indicated the checks or other instruments are tendered as full payment of all obligations due by the maker to the Account Holder and such checks or other instruments are in an amount different from the invoice, if any, submitted with the payments, SNB is directed to deposit the check or other instrument in the account of Account Holder. Account Holder warrants that receipt of a copy of the check or other instrument is sufficient notification of the notation and fulfills all duties of SNB to Account Holder under this Agreement or otherwise.