Receipt of Checks. We reserve the right to reject any check transmitted using the Service, at our discretion. We are not responsible for checks we do not receive or for images that are dropped during transmission. An image of a check shall be deemed received when the funds are deposited in your account. Receipt of such confirmation does not mean that the transmission was error free or complete. Receipt of such confirmation or funds does not mean that your Account will not be charged back for the amount of the deposit and any applicable fees under the Terms and Conditions, provided at the time of New Account opening, if the check image presented is dishonored or returned unpaid for any reason by the financial institution on which it is drawn.
Receipt of Checks. The Clearing Bank will handle Checks received in accordance with this Agreement subject to all banking regulations. The Clearing Bank will pick-up mail at the Lockbox Address according to its pick-up schedule. The Clearing Bank will open envelopes picked up from the Lockbox Address and remove the contents. Checks and other documents contained in the envelopes will be inspected and handled in the manner specified in the Borrower’s set-up documents. The Clearing Bank will capture and report information relating to lockbox processing, where available, if Borrower has specified this option in the set-up documents. The Clearing Bank will endorse all processed Checks on Borrower’s behalf. If the Clearing Bank processes an unsigned check as instructed in the set-up documents, and the check is paid, but the account owner does not authorize payment, Borrower agrees to indemnify the Clearing Bank, the drawee Clearing Bank (which may include the Clearing Bank) and any intervening collecting Clearing Bank for any liability or expense incurred due to the payment and collection of the check. If Borrower instructs the Clearing Bank not to process a check bearing a handwritten or typed notation “Payment in Full” or words of similar import on the face of the check, the Borrower understands that although the Clearing Bank has adopted procedures designed to detect Checks bearing such notations; the Clearing Bank will not be liable to the Borrower or any other party for losses suffered if the Clearing Bank fails to detect Checks bearing such notations.
Receipt of Checks. Any checks or other forms of payment in respect of accounts receivable or other assets which are Acquired Assets or proceeds thereof that are received by the Seller after the date hereof shall be endorsed, if necessary, to the Purchaser and forwarded to the Purchaser at the address of the Purchaser stated in Section 9.1(a) by the Seller on the date of receipt or as soon as practicable. Until such time as and such payments are forwarded to Purchaser in accordance herewith, they shall be held in trust by Seller on behalf of the Purchaser and shall not be considered property of the Seller.
Receipt of Checks. We reserve the right to reject any check or item transmitted through the Service, at our discretion, without liability to you. We are not responsible for checks or items we do not receive or for images that are dropped during transmission. An image of an item shall be deemed received when you receive a confirmation from Heritage Federal that we have received the image. Receipt of such confirmation does not mean that the transmission was error free, complete or will be considered a deposit and credited to your Account. We reserve the right to charge back to your Account, at any time, any item that we subsequently determine was not an eligible item. You agree that Heritage Federal is not liable for any loss, costs, or fees you may incur as a result of our chargeback of an ineligible check or item.
Receipt of Checks. You understand and agree that receipt of an image by the Bank does not occur until you are notified of receipt of the image via email notification. We are not responsible for any image that we do not receive. We reserve the right to reject any check transmitted through the Service, at our discretion, without liability to you. In such case, you will need to deposit the check using other means, such as visiting one of our branches. We are not responsible for checks we do not receive in accordance with this agreement or for images that are dropped or damaged during transmission. An image of a check shall be deemed received when you receive confirmation from the Bank that we have received the image.
