Common use of Stop Payment Orders Clause in Contracts

Stop Payment Orders. You may order us to stop payment on a check, but we must have a reasonable opportunity to verify that the item is unpaid and to act on the order after receiving it. Because we rely upon computer systems to implement stop payment orders, you understand that your order must provide the exact amount, check number and account number on the item you want stopped. We are not responsible for paying items that do not exactly match your stop payment order. Your stop payment order should also identify the payee of the item so that we may verify we are stopping payment on the correct item. A stop payment order is only effective for six (6) months, unless renewed in writing. When the stop payment order expires, we may pay the item and have no duty to notify you. If we give you a confirmation of your stop payment order, you agree to notify us immediately if it is inaccurate and in the absence of such notification, you agree that we will not be responsible for relying on the information in the confirmation. You understand that we may not be able to stop payment on items that you have enabled third parties to create and send to us. If you have authorized a third party to initiate recurring deductions from your account, you should order the third party to stop them, and agree that we are not responsible therefor except to the extent required by law. You may not stop payment on certified checks, teller’s checks or cashier's checks or money orders and understand that we may refuse to issue a replacement or to refund the check amount before the expiration of a period of time specified by applicable law. You understand that a stop payment order on any check will not preclude a holder-in-due course from making a claim against you. You assign to us all rights against the payee or any other holder of the item. You agree to fully cooperate with us in any legal actions that we may take against such persons. A fee may apply.

Stop Payment Orders. You Subject to certain limitations, any Account Holder or Account Xxxxxx’s agent may order us to stop payment on any check or other item payable for your Account, whether drawn by you or any other Account Holder. The stop payment request will be effective if we receive the order at such time and in such manner as to afford us a check, but reasonable opportunity to act upon the order. For purposes of determining whether we must have a reasonable opportunity to verify act upon a stop payment order, a check or other item drawn on your Account is deemed received by us when it is presented to us for payment, by electronic or other means, or at an earlier time based on notification received by us that the check or other item is unpaid and has been deposited for collection in another financial institution. We will require you to act on provide the order after receiving it. Because we rely upon computer systems to implement stop payment ordersdate, you understand that your order must provide the exact amount, check and the number and account number of the item, together with the name of the payee. If you give us incorrect information, we will not be liable for failing to stop payment on the item you want stoppeditem. We Stop payment orders are not responsible in effect for paying items that do not exactly match your stop payment order. Your six months and will automatically expire at the end of six months from the date of the stop payment order should also identify the payee of the item so that we may verify we are stopping payment on the correct item. A stop payment order is only effective for six (6) months, unless renewed in writing. When the Our acceptance of a stop payment order expires, we may pay will not constitute a representation that the item and have no duty to notify you. If we give you a confirmation of your stop payment order, you agree to notify us immediately if it is inaccurate and in the absence of such notification, you agree has not already been paid or that we will not be responsible for relying on have a reasonable opportunity to act upon the information in the confirmation. You understand that we may not be able to stop payment on items that you have enabled third parties to create and send to us. If you have authorized a third party to initiate recurring deductions from your account, you should order the third party to stop them, and agree that we are not responsible therefor except to the extent required by laworder. You may not stop payment on certified checksan official, certified, cashier’s, or teller’s checks check issued by us, or cashier's checks or money orders and understand that we may refuse request us to issue a replacement or to refund the check amount before the expiration of a period of time specified by applicable law. You understand that a stop payment order if we have otherwise become accountable for the items, except as set forth in Section X(B)(13) (Preauthorized Payments) of this Agreement. In addition, you may not stop payment on any checks governed by separate agreement, such as a check will guaranty agreement. Further, you may generally not preclude a holder-in-due course from making a claim against you. You assign to us all rights against the payee or any other holder stop payment on an item after acceptance of the itemitem by us, except as set forth in Section X(B)(13) (Preauthorized Payments) of this Agreement and except as specifically allowed under NACHA Rules (defined herein) with regard to ACH transactions. You agree to fully cooperate with us in any legal actions that we We may take against such persons. A charge you a fee may applyfor each stop payment order.

Stop Payment Orders. You may order us to stop payment on a check, but we must have a reasonable opportunity to verify that the item is unpaid and to act on the order after receiving it. Because we rely upon computer systems to implement stop payment orders, you understand that your order must provide the exact amount, check number and account number on the item you want stopped. We are not responsible for paying items that do not exactly match your stop payment order. Your stop payment order should also identify the payee of the item so that we may verify we are stopping payment on the correct item. A stop payment order is only effective for six (6) months, unless renewed in writing. When the stop payment order expires, we may pay the item and have no duty to notify you. If we give you a confirmation of your stop payment order, you agree to notify us immediately if it is inaccurate and in the absence of such notification, you agree that we will not be responsible for relying on the information in the confirmation. You understand that we may not be able to stop payment on items that you have enabled third parties to create and send to us. If you have authorized a third party to initiate recurring deductions from your account, you should order the third party to stop them, and agree that we are not responsible therefor except to the extent required by law. You may not stop payment on certified checkscBeacrktitfoieTdopchecks, teller’s checks or cashier's checks or money orders and understand that we may refuse to issue a replacement or to refund the check amount before the expiration of a period of time specified by applicable law. You understand that a stop payment order on any check will not preclude a holder-in-due course from making a claim against you. You assign to us all rights against the payee or any other holder of the item. You agree to fully cooperate with us in any legal actions that we may take against such persons. A fee may apply.

Stop Payment Orders. Stop Payment Order Request You may request a stop payment order on any draft drawn on your account. You may make a verbal notice which lapses in fourteen (14) calendar days unless confirmed in writing. A written notice is effective for twelve (12) months & may be renewed in writing from time to time. We do not have to notify you when a stop payment order expires. To be binding an order must be dated, signed & describe the account, draft number, and the exact amount. The stop payment will be effective if we receive the order in time for us to act upon the order & you state the number on the account, number of the draft & its exact amount. You understand that the exact information is necessary for our computer to identify the draft. If you give us incorrect or incomplete information, we will not be responsible for failing to stop payment on a check, but we must have a reasonable opportunity to verify that the item is unpaid and to act on draft. If the order after receiving it. Because we rely upon computer systems to implement stop payment orders, you understand that your order must provide the exact amount, check number and account number on the item you want stopped. We are not responsible for paying items that do not exactly match your stop payment order. Your stop payment order should also identify the payee of the item so that we may verify we are stopping payment on the correct item. A stop payment order is only effective not received in time for six (6) months, unless renewed in writing. When us to act upon the stop payment order expiresorder, we may pay will not be liable to you or to any other party for payment of the item and have no duty to notify youdraft. If we give you re-credit your account after paying a confirmation of your draft over a valid and timely stop payment order, you agree to notify sign a statement describing the dispute with the payee, to transfer to us immediately if it is inaccurate all of your rights against the payee or other holders of the draft and to assist in any legal action. Liability Fees for stop payment orders are set forth in the absence of such notification, you agree that we will not be responsible for relying on the information in the confirmation. You understand that we may not be able to stop payment on items that you have enabled third parties to create and send to us. If you have authorized a third party to initiate recurring deductions from your account, you should order the third party to stop them, and agree that we are not responsible therefor except to the extent required by lawRate & Fee Schedule. You may not stop payment on any certified checkscheck, tellercashier’s checks or cashier's checks or money orders and understand that we may refuse to issue a replacement or to refund the check amount before the expiration of a period of time specified by applicable law. You understand that a stop payment order on any check will not preclude a holder-in-due course from making a claim against you. You assign to us all rights against the payee or any other holder check, draft or payment guaranteed by us. Although payment of the iteman item may be stopped, you may remain liable to any item holder, including us. You agree to fully cooperate with indemnify and hold us harmless from all costs, including attorney’s fees, damages, or claims related to our refusing payment of an item, including claims of any multiple party account, owner, payee, or endorser in any legal actions that we may take against such persons. A fee may applyfailing to stop payment of an item as a result of incorrect information provided by you.

Stop Payment Orders. Stop Payment Order Request You may request a stop pay- ment order on any draft drawn on your account. You may make a verbal notice which lapses in fourteen (14) calendar days unless confirmed in writing. A written notice is effective for twelve (12) months & may be renewed in writing from time to time. We do not have to notify you when a stop payment order expires. To be binding an order must be dated, signed & describe the account, draft number, and the exact amount. The stop payment will be effective if we receive the order in time for us to act upon the order & you state the number on the account, number of the draft & its exact amount. You understand that the exact information is necessary for our computer to identify the draft. If you give us incorrect or incomplete information, we will not be responsi- ble for failing to stop payment on a check, but we must have a reasonable opportunity to verify that the item is unpaid and to act on draft. If the order after receiving it. Because we rely upon computer systems to implement stop payment orders, you understand that your order must provide the exact amount, check number and account number on the item you want stopped. We are not responsible for paying items that do not exactly match your stop payment order. Your stop payment order should also identify the payee of the item so that we may verify we are stopping payment on the correct item. A stop payment order is only effective not received in time for six (6) months, unless renewed in writing. When us to act upon the stop payment order expiresorder, we may pay will not be liable to you or to any other party for payment of the item and have no duty to notify youdraft. If we give you re-credit your account after paying a confirmation of your draft over a valid and timely stop payment order, you agree to notify sign a statement describing the dispute with the payee, to transfer to us immediately if it is inaccurate all of your rights against the payee or other holders of the draft and to assist in any legal action. Liability Fees for stop payment orders are set forth in the absence of such notification, you agree that we will not be responsible for relying on the information in the confirmation. You understand that we may not be able to stop payment on items that you have enabled third parties to create and send to us. If you have authorized a third party to initiate recurring deductions from your account, you should order the third party to stop them, and agree that we are not responsible therefor except to the extent required by lawRate & Fee Schedule. You may not stop payment on any certified checkscheck, tellercashier’s checks or cashier's checks or money orders and understand that we may refuse to issue a replacement or to refund the check amount before the expiration of a period of time specified by applicable law. You understand that a stop payment order on any check will not preclude a holder-in-due course from making a claim against you. You assign to us all rights against the payee or any other holder check, draft or payment guaranteed by us. Although pay- ment of the iteman item may be stopped, you may remain liable to any item holder, including us. You agree to fully cooperate with indemnify and hold us harmless from all costs, including attorney’s fees, damages, or claims related to our refusing payment of an item, including claims of any multiple party account, owner, payee, or endorser in any legal actions that we may take against such persons. A fee may applyfailing to stop payment of an item as a result of incorrect information provided by you.

Stop Payment Orders. a. Stop Payment Request. You may order us ask the Credit Union to stop payment on a check, but checks or ACHs drawn on your account that we have not paid. You must have a reasonable opportunity to verify that the item is unpaid and to act on the order after receiving it. Because we rely upon computer systems to implement stop payment orders, you understand that your order must provide tell us the exact amountamount of the check or ACH, check number number, date of check or ACH payee and the full account number on which it is drawn for us to be able to enter a stop payment. If the item information you want stoppedgive us is not correct or if you do not give us other reasonable information requested about the check or ACH, we will not be responsible if we are not able to effect the stop payment. We also cannot be responsible if we are not able to identify the proper check because you have issued more than one check with the same serial number. If you generate your checks by computer or in any other manner that does not produce a MICR-encoded check number on the check, we will be unable to guarantee that your stop payment will be honored. You therefore agree to hold us harmless should we be unable to honor a stop payment order that you have timely and correctly placed on your check with no MICR-encoded check number. We are not responsible for paying items that do not exactly match your entitled to a reasonable period of time within which to notify our employees after you give us a stop payment order. Your stop payment order should also identify A “reasonable time” means until the payee end of the item so that we may verify we are stopping payment business day following the day on the correct item. A stop payment order is only effective for six (6) months, unless renewed in writing. When which the stop payment order expireswas placed. Moreover, we may are not obligated to re- credit your account if we pay a check over a valid and timely stop order unless you are able to demonstrate that you would not have otherwise been obligated to pay the item and have no duty check. In that regard, you should be aware that a stop order does not relieve you of your obligation on a check that has been negotiated to notify youa holder in due course. If we give you re-credit your account after paying a confirmation of your check over a valid and timely stop payment order, you agree to notify us immediately if it is inaccurate and in the absence of such notification, you agree that we will not be responsible for relying on the information in the confirmation. You understand that we may not be able to stop payment on items that you have enabled third parties to create and send to us. If you have authorized a third party to initiate recurring deductions from your account, you should order the third party to stop them, and agree that we are not responsible therefor except to the extent required by law. You may not stop payment on certified checks, teller’s checks or cashier's checks or money orders and understand that we may refuse to issue a replacement or to refund the check amount before the expiration of a period of time specified by applicable law. You understand that a stop payment order on any check will not preclude a holder-in-due course from making a claim against you. You assign transfer to us all of your rights against the payee or any other holder of the item. You agree check, and to fully cooperate with assist us in any legal actions action taken against that we may take against such persons. A fee may applyperson.