Common use of Receipt of File Clause in Contracts

Receipt of File. Member agrees that Member shall be solely liable for, and Ent shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by Ent or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that Ent has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. Ent shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, Ent may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If Ent determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, Ent, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, Ent may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. Ent may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, Ent may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, Ent determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then Ent shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, Ent shall electronically notify Member of receipt and acceptance of the Accepted File for deposit. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that Ent shall have no liability for the content of payment-related information. Notwithstanding the fact that Ent has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to Ent for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, Ent.

Appears in 1 contract

Samples: Credit Union Electronic Deposit Agreement

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Receipt of File. Member agrees that Member shall be solely liable for, and Ent AMHFCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by Ent AMHFCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that Ent AMHFCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. Ent AMHFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. AMHFCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, Ent AMHFCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If Ent AMHFCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, EntAMHFCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, Ent AMHFCU may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. Ent AMHFCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, Ent AMHFCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, Ent AMHFCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then Ent AMHFCU shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, Ent AMHFCU shall electronically notify Member of receipt and acceptance of the Accepted File for depositdeposit via the provisional posting to their Account. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that Ent AMHFCU shall have no liability for the content of payment-related information. Notwithstanding the fact that Ent AMHFCU has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to Ent AMHFCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, EntAMHFCU.

Appears in 1 contract

Samples: American Heritage Federal Credit Union

Receipt of File. Member agrees that Member shall be solely liable for, and Ent HFCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by Ent HFCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that Ent HFCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. Ent HFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. HFCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, Ent HFCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If Ent HFCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, EntHFCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, Ent HFCU may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. Ent HFCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, Ent HFCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, Ent HFCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then Ent HFCU shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, Ent HFCU shall electronically notify Member of receipt and acceptance of the Accepted File for deposit. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that Ent HFCU shall have no liability for the content of payment-related information. Notwithstanding the fact that Ent HFCU has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to Ent HFCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, EntHFCU.

Appears in 1 contract

Samples: Deposit Capture Agreement

Receipt of File. Member agrees that Member shall be solely liable for, and Ent AMHFCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by Ent AMHFCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that Ent AMHFCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. Ent AMHFCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. AMHFCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, Ent AMHFCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If Ent AMHFCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, EntAMHFCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a "Corrected File"). As a form of correction, Ent AMHFCU may credit Member’s 's Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. Ent AMHFCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, Ent AMHFCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, Ent AMHFCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then Ent AMHFCU shall accept the File (an "Accepted File") for deposit to Member’s 's Account. Upon acceptance of the File, Ent AMHFCU shall electronically notify Member of receipt and acceptance of the Accepted File for depositdeposit via the provisional posting to their Account. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that Ent AMHFCU shall have no liability for the content of payment-related information. Notwithstanding the fact that Ent AMHFCU has accepted a File for deposit, any credit made to Member’s 's Account shall be provisional, and Member shall remain liable to Ent AMHFCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, EntAMHFCU.

Appears in 1 contract

Samples: American Heritage Federal Credit Union

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Receipt of File. Member agrees that Member shall be solely liable for, and Ent evolve FCU shall not have any liability whatsoever to Member for, any File or the Images or other information contained therein that are not received by Ent evolve FCU or for any File or the Images or other information contained therein that are intercepted or altered by an unauthorized third party. Member agrees that Ent evolve FCU has no obligation to accept a File and, therefore, may reject any File or the Images or other information contained therein submitted by Member. Ent evolve FCU has no obligation to notify Member of the rejection of a File or the Images or other information contained therein. evolve FCU shall have no liability to Member for the rejection of a File or the Images or other information contained therein or for the failure to notify Member of such rejection. Upon receipt of a File submitted by Member, Ent evolve FCU may examine such File and the Images and other information contained therein to ensure that Member has complied with this Agreement and followed the Procedures. If Ent evolve FCU determines that Member has not complied with this Agreement or followed the Procedures or if errors exist in the Images or other information contained in the File, Entevolve FCU, in its sole discretion, may either reject the File or elect to correct the error and accept and process the corrected File (a “Corrected File”). As a form of correction, Ent evolve FCU may credit Member’s Account for the full amount of the deposit and make any necessary adjustments to the Account to correct the error. Ent evolve FCU may, at its option, also perform a risk management analysis of one or more Files submitted by Member to detect potentially fraudulent Checks, and, in its sole discretion, Ent evolve FCU may reject any such File or the Images or other information contained therein. If after examination of a File and the Images and other information contained therein, Ent evolve FCU determines that Member has complied with this Agreement and processed and transmitted the File in accordance herewith and with the Procedures, the File is balanced and the Images meet the requirements of Section 6 of this Agreement, then Ent evolve FCU shall accept the File (an “Accepted File”) for deposit to Member’s Account. Upon acceptance of the File, Ent evolve FCU shall electronically notify Member of receipt and acceptance of the Accepted File for deposit. Information and data reported hereunder: (a) may be received prior to final posting and confirmation and is subject to correction and (b) is for informational purposes only and may not be relied upon. Member agrees that Ent evolve FCU shall have no liability for the content of payment-related information. Notwithstanding the fact that Ent evolve FCU has accepted a File for deposit, any credit made to Member’s Account shall be provisional, and Member shall remain liable to Ent evolve FCU for any errors, inaccuracies, breach of warranties and any other loss sustained by, or claim made against, Entevolve FCU.

Appears in 1 contract

Samples: Union Home Deposit Agreement

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