Common use of Record of Contents of Bags Clause in Contracts

Record of Contents of Bags. Client shall maintain a complete record of all contents placed in the Bag(s) and in the case of loss, to promptly, diligently, and completely cooperate with Bank in the identification or replacement of the items so lost. Such cooperation shall include, without limitation, requests by Client to makers of missing checks to issue duplicates, and in the event the makers thereof refuse to do so, then to assert all its legal and equitable rights against said makers or, if applicable, to subrogate such rights to Bank or its assigns. The provisions of this paragraph are not intended to alter or modify the responsibility for any loss, shortage or discrepancy set forth in this Service Description.

Appears in 4 contracts

Samples: Management Services Agreement, www.mechanicsbank.com, Management Services Agreement

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