Common use of Postdated Items Clause in Contracts

Postdated Items. We will have no liability by reason of our payment of an item prior to the date reflected on the item unless you have given us reasonable advance written notice before the item is presented to us for payment and you follow the procedures for and pay the service fees associated with a stop payment order. Your notice to us must specify the payee, date, amount and item number, and the fact that you have postdated it. Notices with respect to postdated items are not effective for time periods longer than are provided for stop payment orders, and you must notify us before the expiration of that period and pay the applicable service fees if you want the order to be effective beyond the scheduled expiration date. You agree that we may return a postdated item to the presenter before the date shown on the item without liability for wrongful dishonor.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Postdated Items. We will have no liability by reason of our payment of an item prior to the date reflected on the item unless you have given us reasonable advance written notice before the item is presented to us for payment and you follow the procedures for and pay the service fees associated with a stop payment orderStop Payment Order. Your notice to us must specify the payee, date, amount and item number, and the fact that you have postdated it. Notices with respect to postdated items are not effective for time periods longer than are provided for stop payment ordersStop Payment Orders, and you must notify us before the expiration of that period and pay the applicable service fees if you want the order to be effective beyond the scheduled expiration date. You agree that we may return a postdated item to the presenter before the date shown on the item without liability for wrongful dishonor.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Postdated Items. We will have no liability by reason of our payment of an item prior to the date reflected on the item unless you have given us reasonable advance written notice before the item is presented to us for payment and you follow the procedures for and pay the service fees associated with a stop payment orderStop Payment Order. Your notice to us must specify the payee, date, amount and item number, and the fact that you have postdated it. Notices with respect to postdated items are not effective for time periods longer than are provided for stop payment ordersStop Payment Orders, and you must notify us before the expiration of that period and pay the applicable service fees if you want the order to be effective beyond the scheduled expiration date. You agree that we may return a postdated item to the presenter before the date shown on the item without liability for wrongful dishonor.

Appears in 1 contract

Samples: cups.cs.cmu.edu

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Postdated Items. We will have no liability by reason of our payment of an item prior to the date reflected reflected on the item unless you have given us reasonable advance written notice before the item is presented to us for payment and you follow the procedures for and pay the service fees associated with a stop payment orderStop Payment Order. Your notice to us must specify the payee, date, amount and item number, and the fact that you have postdated it. Notices with respect to postdated items are not effective for time periods longer than are provided for stop payment ordersStop Payment Orders, and you must notify us before the expiration of that period and pay the applicable service fees if you want the order to be effective beyond the scheduled expiration date. You agree that we may return a postdated item to the presenter before the date shown on the item without liability for wrongful dishonor.

Appears in 1 contract

Samples: Account Agreement

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