Processing Items Sample Clauses

Processing Items. Bank One shall be deemed to have received the Items contained in mail bearing the relevant Address when they are collected from the Post Office. Bank One will process Items in accordance with the procedures mutually agreeable to Bank One, the Servicer (unless the Servicer has received a notice pursuant to Section 1) and the Indenture Trustee (“Procedures”). Items processed in accordance with the Procedures shall evidence the Indenture Trustee’s and Bank One’s mutual agreement to the Procedures. The terms of this Schedule A shall control any conflict between it and the Procedures. Bank One is authorized to indorse the Items in accordance with the Procedures.

Processing Items. As an agent for Customer, Lockbox Servicer shall remove the contents of the Post Office Box each banking day at intervals determined by Lockbox Servicer in its sole discretion. Customer acknowledges and agrees that removal of the items from the Post Office Box shall constitute delivery of the items by Customer to Lockbox Servicer for collection. After collection of the contents of the Post Office Box, Lockbox Servicer will open the envelopes and remove the checks, money orders, cash, and other forms of payment (“Remittances”), and the statements, invoices, correspondence, papers, documents, or other items (“Remittance Materials”). Customer agrees to instruct those sending items to Customer to never send cash and assumes all liability if Lockbox Servicer receives cash in the Remittances. Remittance Materials and envelopes containing Remittance Materials must be of a size and paper quality so as to be properly processed through Lockbox Servicer’s equipment without damage. If cash is contained in the Remittance, the cash will be removed and a credit advice or equivalent for the amount of the cash will replace the cash. Lockbox Servicer shall add the checks received for deposit, prepare a deposit slip, and make the deposit to the Lockbox Account. If coupons or any other document accompanies the payments, those documents must meet the formats and specifications agreed upon by Customer and Lockbox Servicer. Bank, if Customer requests, may send information regarding the deposits via secure e‐mail to the Customer. Subcontractor, if Customer requests, may give access to Customer through Subcontractor’s Internet to information regarding the deposits. Except as otherwise specifically provided in this Agreement, Lockbox Servicer will not reconcile the checks, cash, or other items in the envelopes to the invoice, statements or other documents contained in the envelope. Lockbox Servicer shall use reasonable efforts to process all items removed from the Post Office Box on the banking day the items are removed therefrom; however, Customer agrees that in addition to the "Force Majeure" clause of this Agreement, Lockbox Servicer shall have no liability to Customer for failure to process all items on any given day if the volume received by Lockbox Servicer for all of Lockbox Servicer's lockbox customers exceeds Lockbox Servicer's ability to process all of the items on the day of receipt. In addition to the other liability provisions in this Agreement, Lockbox Servicer shall ...

Processing Items. The Bank agrees to process Items received by it in accordance with this Agreement stated herein and the AMA Operating Guidelines. All references to times of a day in this Agreement shall refer to Eastern Time as to when each is in effect in Boston, Massachusetts. The Bank is under no obligation to cash an item at any of its offices as it is only payable through, not payable at, the Bank.