Common use of Right to Refuse Deposit Clause in Contracts

Right to Refuse Deposit. If you request that we accept a check for a deposit that has already been deposited at a financial institution but returned, we are under no obligation to accept that check for deposit. If we do, however, you agree to hold us harmless from any loss or liability, including consequential damages, attorney’s fees, and expenses that may arise because of our acceptance of the item. The Credit Union, at any time, and in its discretion, may refuse any deposit, limit the amount which may be deposited, accept all or any part of any deposit for collection only, or return all or any part of any deposit.

Appears in 3 contracts

Samples: Account Agreement, Membership and Account Agreement, Account Agreement

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Right to Refuse Deposit. We reserve the right to refuse any item for deposit into your Account. If you request that we accept a check for a deposit that has already been deposited at a financial institution but returned, we are under no obligation to accept that make the funds from the check for immediately available after deposit. If we do, however, you agree to hold us harmless from any loss or liability, including consequential damages, attorney’s fees, and expenses that expenses, which may arise because of our acceptance of the item. The Credit UnionIn any event, at any time, and in its our discretion, we may refuse any deposit, limit the amount which that may be deposited, accept all or any part of any a deposit for collection only, or return all or any part of any deposit, or close the Account subject to applicable regulations.

Appears in 1 contract

Samples: Account Agreement

Right to Refuse Deposit. If you request that we accept a check for a deposit that has already been deposited at a financial institution but returned, we are under no obligation to accept that check for deposit. If we do, however, you agree to hold us harmless from any loss or liability, including consequential damages, attorney’s attorneys’ fees, and expenses that which may arise because of our acceptance of the item. The Credit UnionIn any event, at any time, and in its our discretion, we may refuse any deposit, limit the amount which may be deposited, accept all or any part of any deposit for collection only, or return all or any part of any deposit, or close the Account subject to applicable regulations.

Appears in 1 contract

Samples: Union Account Agreement

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Right to Refuse Deposit. If you request that we accept a check for a deposit that has already been deposited at returned by a financial institution but returnedinstitution, we are under no obligation to accept that check for deposit. If we do, however, you agree to hold us harmless from any loss or liability, including consequential damages, attorney’s fees, and expenses that which may arise because of our acceptance of the such item. The Credit UnionIn any event, at any time, and in its our discretion, we may refuse any deposit, limit the amount which may be deposited, accept all or any part of any a deposit for collection only, or and return all or any part of any deposit.

Appears in 1 contract

Samples: Account Agreement

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