Common use of REMITTANCE MATERIALS Clause in Contracts

REMITTANCE MATERIALS. Papers accompanying each remittance, including copies of additional correspondence, together with all unprocessed or rejected items (collectively, “Remittance Materials”) will be available for viewing to you through the eLockbox portal. If cash is sent to the Lockbox with any Remittance Materials, the cash will be removed from the envelope containing the Remittance Materials and a credit advice for the cash will be placed in such envelope with the remainder of the envelope’s contents. Except as otherwise specifically provided in this Agreement, the Bank will not reconcile the checks, cash or other items in the envelopes to invoices, to Remittance Materials, or to any other documents or papers in the envelopes or elsewhere in the lockbox.

Appears in 4 contracts

Samples: Business Banking Master Agreement, Banking Master Agreement, Banking Master Agreement

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