Common use of Other Adverse Claims Clause in Contracts

Other Adverse Claims. If we receive notice of an actual or potential adverse claim to your account or the funds in your account, we may, if we determine in our reasonable discretion that such claim is not frivolous, refuse to pay out any money from your account for a reasonable period of time after receipt of notice of the actual or potential claim. However, we are not required to recognize any adverse claim unless (a) the claimant provides us with an acceptable bond indemnifying us against any and all liabilities, losses, damages, costs and expenses that we might incur in connection with payment of the adverse claim and any resulting dishonored checks or other items or (b) the claimant has obtained an order requiring us to recognize the adverse claim from a court of proper jurisdiction.

Other Adverse Claims. If we receive notice of an actual or potential adverse claim to your account or the funds in your accountit, we may, if we determine may in our reasonable discretion that such claim is not frivolous, refuse to pay out any money from your account for a reasonable period of time after receipt of notice of the actual or potential claim. HoweverAlthough we reserve the right to refuse to pay out any money from your account if we receive notice of an actual or potential claim, we are not required to recognize any adverse claim unless (a1) the claimant provides us with an acceptable bond indemnifying us against any and all liabilities, losses, damages, costs costs, and expenses that we might incur in connection with payment of the adverse claim and any resulting dishonored checks or other items or (b) the claimant has obtained an order requiring us to recognize the adverse claim from a court of proper jurisdiction.items,