Common use of STATEMENT VERIFICATION Clause in Contracts

STATEMENT VERIFICATION. Regardless of whether the Depositor has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor must notify the Financial Institution of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract , after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor has notified the Financial Institution in writing on or before the Notification Date), the Depositor: a) agrees that the Financial Institution’s records are conclusive evidence of the Depositor’s dealings with the Financial Institution regarding the Depositor’s Account and are correct, complete, authorized, and binding upon the Depositor, and the Financial Institution will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor and the Financial Institution in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor must notify the Financial Institution of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor has notified the Financial Institution in writing on or before the Notification Date), the Depositor: a) agrees that the Financial Institution’s records are conclusive evidence of the Depositor’s dealings with the Financial Institution regarding the Depositor’s Account and are correct, complete, authorized, and binding upon the Depositor, and the Financial Institution will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor and the Financial Institution in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor must notify the Financial Institution of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor has notified the Financial Institution in writing on or before the Notification Date), the Depositor: : a) agrees that the Financial Institution’s records are conclusive evidence of the Depositor’s dealings with the Financial Institution regarding the Depositor’s Account and are correct, complete, authorized, and binding upon the Depositor, and the Financial Institution will be released from all responsibility for Account activity preceding the statement of account for the Account; and and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor and the Financial Institution in respect of any Transaction. 6.4 PAD REIMBURSEMENT – Despite section 6.3, Statement Verification, if the Depositor has authorized PADs to be issued against the Account, the Depositor acknowledges that the Payments Canada Rules provide specific time periods during which claims for reimbursement of PADs may be made. Claims must be made in writing to the Financial Institution within the specified time periods and in compliance with the Payments Canada Rules, as they may be amended from time to time. The Financial Institution will not be responsible for any loss suffered by the Depositor due to the Depositor’s failure to comply with the Payments Canada Rules.

STATEMENT VERIFICATION. Regardless of whether the Depositor Trustee has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor Trustee is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor Trustee must notify the Financial Institution of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract , after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor has notified the Financial Institution in writing on or before the Notification Date), the Depositor:. a) agrees that the Financial Institution’s records are conclusive evidence of the DepositorTrustee’s dealings with the Financial Institution regarding the DepositorTrustee’s Account and are correct, complete, authorized, and binding upon the DepositorTrustee, and the Financial Institution will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor Trustee and the Financial Institution in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor Member has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor Member is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor Member must notify the Financial Institution DUCA of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor Member has notified the Financial Institution DUCA in writing on or before the Notification Date), the DepositorMember: a) agrees that the Financial InstitutionDUCA ’s records are conclusive evidence of the DepositorMember’s dealings with the Financial Institution DUCA regarding the DepositorMember’s Account and are correct, complete, authorized, and binding upon the DepositorMember, and the Financial Institution DUCA will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution DUCA for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution DUCA under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution DUCA are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor Member and the Financial Institution DUCA in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor must notify the Financial Institution of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract , after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor has notified the Financial Institution in writing on or before the Notification Date), the Depositor:Deposito a) agrees that the Financial Institution’s records are conclusive evidence of the Depositor’s dealings with the Financial Institution regarding the Depositor’s Account and are correct, complete, authorized, and binding upon the Depositor, and the Financial Institution will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor and the Financial Institution in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor must notify the Financial Institution Credit Union of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Noti ication Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor has notified the Financial Institution Credit Union in writing on or before the Notification Date), the Depositor: a) agrees that the Financial Institution’s Credit Union's records are conclusive evidence of the Depositor’s dealings with the Financial Institution Credit Union regarding the Depositor’s Account and are correct, complete, authorized, and binding upon the Depositor, and the Financial Institution Credit Union will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution Credit Union for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution Credit Union under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution Credit Union are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor and the Financial Institution Credit Union in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor Member has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor Member is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor Member must notify the Financial Institution DUCA of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor Member has notified the Financial Institution DUCA in writing on or before the Notification Date), the Depositor:Member: Business Member Agreement Terms and Conditions a) agrees that the Financial InstitutionDUCA ’s records are conclusive evidence of the DepositorMember’s dealings with the Financial Institution DUCA regarding the DepositorMember’s Account and are correct, complete, authorized, and binding upon the DepositorMember, and the Financial Institution DUCA will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution DUCA for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution DUCA under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution DUCA are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor Member and the Financial Institution DUCA in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor Trustee has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor Trustee is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor Trustee must notify the Financial Institution of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor Trustee has notified the Financial Institution in writing on or before the Notification Date), the DepositorTrustee: a) agrees that the Financial Institution’s records are conclusive evidence of the DepositorTrustee’s dealings with the Financial Institution regarding the DepositorTrustee’s Account and are correct, complete, authorized, and binding upon the DepositorTrustee, and the Financial Institution will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution under the Account Contract to debit the Account at any time in respect of a returned or dishonoured Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor Trustee and the Financial Institution in respect of any Transaction.

STATEMENT VERIFICATION. Regardless of whether the Depositor Member has chosen to receive paper or electronic statements, or to access statements through online banking, the Depositor Member is responsible for reviewing a statement of account for the Account at least once every calendar month. The Depositor Member must notify the Financial Institution DUCA of any errors, irregularities, omissions, or unauthorized Transactions of any type in a statement of account within 30 days of the statement date (the “Notification Date”). Notwithstanding any other provision of the Account Contract Contract, after the Notification Date (except as to any errors, irregularities, omissions, or unauthorized Transactions of any type of which the Depositor Member has notified the Financial Institution DUCA in writing on or before the Notification Date), the DepositorMember: a) agrees that the Financial InstitutionDUCA ’s records are conclusive evidence of the DepositorMember’s dealings with the Financial Institution DUCA regarding the DepositorMember’s Account and are correct, complete, authorized, and binding upon the DepositorMember, and the Financial Institution DUCA will be released from all responsibility for Account activity preceding the statement of account for the Account; and b) may not claim for any purpose that any entry on the statement of account for the Account is incorrect and will have no claim against the Financial Institution DUCA for reimbursement relating to any entry, even if the entry is unauthorized or fraudulent or is based upon an Instrument or instruction that is forged, unauthorized, or fraudulent. Nothing in this section limits in any way the rights of the Financial Institution DUCA under the Account Contract to debit the Account at any time in respect of a returned or dishonoured dishonored Instrument or other item, or to correct any error or omission. In the absence of evidence to the contrary, the records of the Financial Institution DUCA are conclusive for all purposes, including litigation, in respect of any other matter or thing relating to the state of the Accounts between the Depositor Member and the Financial Institution DUCA in respect of any TransactionanyTransaction.