Common use of Returned Items Clause in Contracts

Returned Items. The Credit Union is authorized to debit the Account with the amount of any cheque or other Instrument that: a) is not paid on presentation, b) having paid, the Credit Union may be called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) that is drawn on the account of a party that is bankrupt or insolvent, e) the proceeds of which, through no fault of the Credit Union, have been lost, stolen or destroyed, f) the proceeds of which, for any reason, the Credit Union is unable to collect or withdraw, g) has been cashed, negotiated or credited to the Account but that has not been found good, or h) is found to be forged, fraudulent, counterfeit or unauthorized, regardless of whether or not the Instrument has cleared. The Depositor hereby agrees to indemnify and save the Credit Union harmless for all liability, costs, damages, and expenses incurred by the Credit Union in connection with the foregoing and the Credit Union may debit the Account with such costs, charges and expenses. This indemnity will enure to the benefit of the Credit Union and will be binding upon the Depositor and the Depositor's successors and assigns.

Returned Items. The Credit Union is authorized to debit the Account with the amount of any cheque or other Instrument that: a) is not paid on presentation, b) having paid, the Credit Union may be called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) that is drawn on the account of a party that is bankrupt or insolvent, e) the proceeds of which, through no fault of the Credit Union, have been lost, stolen or destroyed, f) the proceeds of which, for any reason, the Credit Union is unable to collect or withdraw, g) has been cashed, negotiated or credited to the Account but that has not been found good, or h) is found to be forged, fraudulent, counterfeit or unauthorized, regardless of whether or not the Instrument has cleared. The Depositor Trustee hereby agrees to indemnify and save the Credit Union harmless for all liability, costs, damages, and expenses incurred by the Credit Union in connection with the foregoing and the Credit Union may debit the Account with such costs, charges and expenses. This indemnity will enure to the benefit of the Credit Union and will be binding upon the Depositor Trustee and the DepositorTrustee's successors and assigns.

Returned Items. The Credit Union Financial Institution is authorized to debit the Account with the amount of any cheque or other Instrument that: : a) is not paid on presentation, b) having paid, the Credit Union may be Financial Institution has paid and is then called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) that is drawn on the account of a party that is bankrupt or insolvent, , e) the proceeds of which, through no fault of the Credit UnionFinancial Institution, have been lost, stolen stolen, or destroyed, , f) the proceeds of which, for any reason, the Credit Union Financial Institution is unable to collect or withdraw, , g) has been cashed, negotiated negotiated, or credited to the Account but that has not been found good, or or h) is found to be forged, fraudulent, counterfeit counterfeit, or unauthorized, regardless of whether or not the Instrument has cleared. The Depositor hereby further acknowledges and agrees to indemnify and save the Credit Union Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Credit Union Financial Institution in connection with the foregoing foregoing, and authorizes the Credit Union may Financial Institution to debit the Account with in respect of any such liability, costs, charges and damages, and/or expenses. This indemnity will enure to the benefit of the Credit Union Financial Institution and will be binding upon the Depositor and the Depositor's successors their heirs, executors, successors, and assigns.

Returned Items. The Credit Union is authorized to debit the Account with the amount of any cheque or other Instrument that: a) is not paid on presentation, b) having been paid, the Credit Union may be called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) that is drawn on the account Account of a party that is bankrupt or insolvent, e) the proceeds of which, through no fault of the Credit Union, have been lost, stolen stolen, or destroyed, f) the proceeds of which, for any reason, the Credit Union is unable to collect or withdraw, g) has been cashed, negotiated negotiated, or credited to the Account but that has not been found good, or h) is found to be forged, fraudulent, counterfeit counterfeit, or unauthorized, regardless of whether or not the Instrument has cleared. The Depositor hereby agrees to indemnify and save the Credit Union harmless for all liability, costs, damages, and expenses incurred by the Credit Union in connection with the foregoing foregoing, and the Credit Union may debit the Account with such costs, charges charges, and expenses. This indemnity will enure to the benefit of the Credit Union and will be binding upon the Depositor and the Depositor's his or her heirs, executors, successors and assigns.

Returned Items. The Credit Union is authorized to debit the Account with the amount of any cheque or other Instrument that:the a) is not paid on presentation, b) having paid, the Credit Union may be called upon to refund, c) may be dishonoured by nonacceptance or nonpayment, d) that is drawn on the account of a party that is bankrupt or insolvent, e) the proceeds of which, through no fault of the Credit Union, have been lost, stolen or destroyed, f) the proceeds of which, for any reason, the Credit Union is unable to collect or withdraw, g) has been cashed, negotiated or credited to the Account but that has not been found good, or h) is found to be forged, fraudulent, counterfeit or unauthorized, regardless of whether or not the Instrument has cleared. The Depositor hereby agrees to indemnify and save the Credit Union harmless for all liability, costs, damages, and expenses incurred by the Credit Union in connection with the foregoing and the Credit Union may debit the Account with such costs, charges and expenses. This indemnity will enure to the benefit of the Credit Union and will be binding upon the Depositor and the Depositor's successors and assigns.

Returned Items. The Credit Union Financial Institution is authorized to debit the Account with the amount of any cheque or other Instrument that: a) is not paid on presentation, ; b) having paid, the Credit Union may be Financial Institution has paid and is then called upon to refund, ; c) may be dishonoured by nonacceptance or nonpayment, ; d) that is drawn on the account of a party that is bankrupt or insolvent,; e) the proceeds of which, through no fault of the Credit UnionFinancial Institution, have been lost, stolen stolen, or destroyed,; f) the proceeds of which, for any reason, the Credit Union Financial Institution is unable to collect or withdraw,; g) has been cashed, negotiated negotiated, or credited to the Account but that has not been found good, ; or h) is found to be forged, fraudulent, counterfeit counterfeit, or unauthorized, regardless of whether or not the Instrument has cleared. The Depositor hereby further acknowledges and agrees to indemnify and save the Credit Union Financial Institution harmless for all liability, costs, damages, and expenses incurred by the Credit Union Financial Institution in connection with the foregoing foregoing, and authorizes the Credit Union may Financial Institution to debit the Account with in respect of any such liability, costs, charges and damages, and/or expenses. This indemnity will enure to the benefit of the Credit Union Financial Institution and will be binding upon the Depositor and the Depositor's successors their heirs, executors, successors, and assigns.