Common use of Responsibility for Multiple Deposits of the Same Item Clause in Contracts

Responsibility for Multiple Deposits of the Same Item. You agree to implement commercially reasonable procedures to ensure that no Item is deposited more than once via electronic, physical or other means, either with us or with any other financial institution, whether intentionally or unintentionally, whether as a result of fraud for any other reason whatsoever. You agree that the aggregate amount of any Items which are deposited more than once will be debited from your Account, and to the extent funds in your Account are insufficient to cover such amount, any balance will be debited by us from any of your other deposit accounts as determined by us in our sole discretion or payable by you to us. You further acknowledge that you, and not us, are responsible for the processing and handling of any original Items which are imaged and deposited utilizing the Services and you assume all liability to the drawer of any Item imaged using the Services or liability arising from our printing of any substitute check from those images.

Appears in 1 contract

Samples: Global Transaction Services Master Agreement

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Responsibility for Multiple Deposits of the Same Item. You agree to implement commercially reasonable procedures to ensure that no Item is deposited more than once via electronic, physical electronic or other means, either with us or with any other financial institution, whether intentionally or unintentionally, whether as a result of fraud for any other reason whatsoever. You agree that the aggregate amount of any Items which are deposited more than once will be debited from your ICS Account, and to the extent funds in your ICS Account are insufficient to cover such amount, any balance will shall be debited by us from any of your other deposit accounts as determined by us in our sole discretion or payable by you to usdiscretion. You further acknowledge that you, and not uswe, are responsible for the processing and handling of any original Items items which are imaged and deposited utilizing the ICS Services and you assume all liability to the drawer of any Item item imaged using the ICS Services or liability arising from our printing of any substitute check from those images.

Appears in 1 contract

Samples: Authorization and Agreement for Cash Management Services

Responsibility for Multiple Deposits of the Same Item. You agree to implement commercially reasonable procedures to ensure that no Item check is deposited more than once via electronic, physical or other means, either with us or with any other financial institution, whether intentionally or unintentionally, whether as a result of fraud for any other reason whatsoever. You agree that the aggregate amount of any Items checks which are deposited more than once will be debited from your Account, and to the extent funds in your Account are insufficient to cover such amount, any balance will shall be debited by us from any of your other deposit accounts as determined by us in our sole discretion or payable and/or paid by you to us. You agree to notify us immediately if duplicate checks are transmitted to us using the Service or if a duplicate deposit is made either to Bank or to any other financial institution. Company agrees to fully cooperate with us in identifying all duplicate checks. You further acknowledge that you, and not us, are responsible for the processing and handling of any original Items checks which are imaged and deposited utilizing the Services and you assume all liability to the drawer of any Item imaged using the Services or liability arising from our printing of any substitute check from those images.

Appears in 1 contract

Samples: Global Transaction Services Master Agreement

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Responsibility for Multiple Deposits of the Same Item. You agree to implement commercially reasonable procedures to ensure that no Item is deposited more than once via electronic, physical electronic or other means, either with us or with any other financial institution, whether intentionally or unintentionally, whether as a result of fraud for any other reason whatsoever. You agree that the aggregate amount of any Items which are deposited more than once will be debited from your EDS Account, and to the extent funds in your EDS Account are insufficient to cover such amount, ; any balance will shall be debited by us from any of your other deposit accounts as determined by us in our sole discretion or payable by you to usdiscretion. You further acknowledge that you, and not uswe, are responsible for the processing and handling of any original Items items which are imaged and deposited utilizing the Services EDS and you assume all liability to the drawer of any Item item imaged using the Services EDS or liability arising from our printing of any substitute check from those images.

Appears in 1 contract

Samples: Authorization and Agreement for Cash Management Services

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