Common use of Processing of Items Clause in Contracts

Processing of Items. Images of Items transmitted by Depositor are not considered received by Bank until Depositor has received an electronic confirmation of the receipt of the deposit from Bank. However, receipt of the confirmation from Bank does not mean that the transmission was error free or complete. Items transmitted by the Depositor and received by Bank or its subcontractors by 1:00 p.m. Pacific Standard Time (“PST”) Monday through Friday, shall be credited to the Depositor’s applicable account on the same Banking Day. Items received by Bank after 1:00 p.m. PST on any Banking Day shall be credited to the Depositor’s applicable account on the next successive Banking Day. Customer understands and agrees funds from Items deposited under the terms of this Agreement are not subject to Bank’s Funds Availability Policy and will generally be available after processed and once funds are received.

Processing of Items. Images of Items transmitted by Depositor are not considered received by Bank until Depositor has received an electronic confirmation of the receipt of the deposit from Bank. However, receipt of the confirmation from Bank does not mean that the transmission was error free or complete. Items transmitted by the Depositor and received by Bank or its subcontractors subcontractor(s) by 1:00 5:00 p.m. Pacific Central Standard Time (“PSTCST”) Monday through Friday, shall be credited to the Depositor’s applicable account on the same Banking Day. Items received by Bank after 1:00 5:00 p.m. PST CST on any Banking Day shall be credited to the Depositor’s applicable account on the next successive Banking Day. Customer Depositor understands and agrees funds from Items deposited under the terms of this Agreement are not subject to Bank’s Funds Availability Policy and will generally be available after processed and once funds are received.

Processing of Items. Images of Items transmitted by Depositor are not considered received by Bank until Depositor has received an electronic confirmation of the receipt of the deposit from Bank. However, receipt of the confirmation from Bank does not mean that the transmission was error free or complete. Items transmitted by the Depositor and received by Bank or its subcontractors subcontractor(s) by 1:00 2:30 p.m. Pacific Central Standard Time (“PSTCST”) Monday through Friday, shall be credited to the Depositor’s applicable account on the same Banking Day. Items received by Bank after 1:00 2:30 p.m. PST CST on any Banking Day shall be credited to the Depositor’s applicable account on the next successive Banking Day. Customer Depositor understands and agrees funds from Items deposited under the terms of this Agreement are not subject to Bank’s Funds Availability Policy and will generally be available after processed and once funds are received.

Processing of Items. Images of Items transmitted by Depositor are not considered received by Bank until Depositor has received an electronic confirmation of the receipt of the deposit from Bank. However, receipt of the confirmation from Bank does not mean that the transmission was error free or complete. Items transmitted by the Depositor and received by Bank or its subcontractors by 1:00 4:00 p.m. Pacific Standard Time (“PST”) Monday through Friday, shall be credited to the Depositor’s applicable account on the same Banking Day. Items received by Bank after 1:00 4:00 p.m. PST on any Banking Day shall be credited to the Depositor’s applicable account on the next successive Banking Day. Customer understands and agrees funds from Items deposited under the terms of this Agreement are not subject to Bank’s Funds Availability Policy and will generally be available after processed and once funds are received.