Common use of Redeposited Item/Third Party Check Clause in Contracts

Redeposited Item/Third Party Check. If you request that we accept a check for deposit that has already been deposited at a financial institution but returned or is endorsed over to you, we are under no obligation to accept that check for deposit. If we do, however, you agree to hold us harmless for any loss or liability, including consequential damages, attorney’s fees and expenses which may arise because of improper encoding or a delay in forwarding or returning the check because the endorsement is not readable or because of some other condition on the back of the check which adversely affects the ability of a financial institution to endorse the check legibly in accordance with Regulation CC, whether or not the condition was caused by you. You are responsible for fees associated with the non-payment of such item(s).

Appears in 2 contracts

Samples: Member Service Agreement, Member Service Agreement

AutoNDA by SimpleDocs

Redeposited Item/Third Party Check. If you request that we accept a check for deposit that has already been deposited at a financial institution but returned or is endorsed over to you, we are under no obligation to accept that check for deposit. If we do, however, you agree to hold us harmless for any loss or liability, including consequential damages, attorney’s fees and expenses which may arise because of improper encoding or a delay in forwarding or returning the check because the endorsement is not readable or because of some other condition on the back of the check which adversely affects the ability of a financial institution to endorse the check legibly in accordance with Regulation CC, whether or not the condition was caused by you. You are responsible for fees associated with the non-payment of such item(s).the

Appears in 2 contracts

Samples: Member Service Agreement, Member Service Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!