Common use of Retention of Original Checks Clause in Contracts

Retention of Original Checks. You further agree that you will retain each Original Check that is transmitted through Mobile Deposit Service activity for a reasonable period of time, but in not fewer than twenty-one (21) Business Days from the date of deposit or such longer time as we may request from time to time with respect to any specific Original Check. You understand that in all cases you are solely responsible for safeguarding all items you retain. After the reasonable time period has elapsed, you agree to xxxx the check void and use commercially reasonable methods to destroy the Original Checks thus rendering them unusable and otherwise unreadable.

Appears in 4 contracts

Samples: Savings Community Bank, Savings Community Bank, Savings Community Bank

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Retention of Original Checks. You further agree that you will retain each Original Check that is transmitted through Mobile Deposit Service activity for a reasonable period of time, but in not fewer than twenty-one (21) Business Days from the date of deposit or such longer time as we may request from time to time with respect to any specific Original Check. You understand that in all cases you are solely responsible for safeguarding all items you retain. After the reasonable time period has elapsed, you agree to xxxx mark the check void and use commercially reasonable methods to destroy the Original Checks thus rendering them unusable and otherwise unreadable.

Appears in 2 contracts

Samples: Savings Community Bank, Savings Community Bank

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