Reporting Presented Items Clause Samples

Reporting Presented Items. Customer shall keep a record of all issued checks on its Designated Accounts. Bank shall provide Customer, via EBIB, a list of any and all Presented Checks for payment on the Designated Accounts (other than checks not covered as discussed in Part II, subsection 8.5) in a form also entitled “Check Exceptions.” Bank shall make the Check Exceptions available to Customer by 9:30 a.m. Central Time each Business Day. Customer must log on to EBIB to review the Check Exceptions. Note that with Reverse Positive Pay all Presented Checks will be returned in accordance with Part II, subsections 8.3 and 8.4, unless Customer timely communicates its request to pay a certain check in the manner provided in Part II, subsection 8.3.