Common use of Transmittal of Stop Payment Requests By Company Clause in Contracts

Transmittal of Stop Payment Requests By Company. Company may transmit Stop Payment Requests to Bank for processing pursuant to this Agreement. Stop Payment Requests include, but are not limited to, ordering and/or the addition of any new Stop Payment Order, deleting and/or the cancellation of any existing Stop Payment Order and/or inquiring into any Stop Payment Order. The cutoff for Stop Payment Requests shall be in accordance with any Exhibit. Company acknowledges that Bank uses a computer system to check for stop pay items and that Bank does not always do a visual inspection. Therefore, Company agrees that in order for the Stop Payment Requests to be in effect, the information contained within the Stop Payment Requests must be exact or Bank’s computer system will not be able to identify the stop pay items. In order for Stop Payment Requests to be in effect, Company hereby agrees to furnish the Bank with the exact amount of item to be stopped, date, specific check number and name of payee. Failure to furnish such information shall relieve Bank of any liability for any payment made contrary to Stop Payment Requests. Company agrees to reimburse the Bank for all expenses and loss resulting from refusing payment pursuant to Stop Payment Requests, or if by reason of such payment other items drawn by Company are returned unpaid because of insufficient funds. Company agrees that Stop Payment Requests are also subject to the provisions contained in Company’s signature card. Company acknowledges Stop Payment Requests are effective for six (6) months, from date of Bank accepting Stop Payment Requests, and may be renewed for an additional six (6) month period by a writing given to the Bank within a period during which the original Stop Payment Request is in effect.

Transmittal of Stop Payment Requests By Company. Company may transmit Stop Payment Requests Requests, as that term is defined herein, to Bank for processing pursuant to this Agreement. "Stop Payment Requests Requests" include, but are not limited to, ordering and/or the addition of any new Stop Payment Orderstop payment order, deleting and/or the cancellation of any existing Stop Payment Order stop payment order and/or inquiring into any Stop Payment Orderstop payment order. The cutoff for Stop Payment Requests shall be in accordance with any Exhibitthe Bank’s stated time frame. Company acknowledges that Bank uses a computer system to check for stop pay items and that Bank does not always do a visual inspection. Therefore, Company agrees that in order for the Stop Payment Requests to be in effect, the information contained within the Stop Payment Requests must be exact or Bank’s computer system will not be able to identify the stop pay items. In order for Stop Payment Requests to be in effect, Company hereby agrees to furnish the Bank with the exact amount of item to be stopped, date, specific check number and name of payee. Failure to furnish such information shall relieve Bank of any liability for any payment made contrary to Stop Payment Requests. Company agrees to reimburse the Bank for all expenses and loss resulting from refusing payment pursuant to Stop Payment Requests, or if by reason of such payment other items drawn by Company are returned unpaid because of insufficient funds. Company agrees that Stop Payment Requests are also subject to the provisions contained in Company’s signature card. Company acknowledges Stop Payment Requests are effective for six (6) months, from date of Bank accepting Stop Payment Requests, and may be renewed for an additional six (6) month period by a writing given to the Bank within a period during which the original Stop Payment Request is in effect.

Transmittal of Stop Payment Requests By Company. Company may transmit Stop Payment Requests Requests, as that term is defined herein, to Bank for processing pursuant to this Agreement. "Stop Payment Requests Requests" include, but are not limited to, ordering and/or the addition of any new Stop Payment Orderstop payment order, deleting and/or the cancellation of any existing Stop Payment Order stop payment order and/or inquiring into any Stop Payment Orderstop payment order. The cutoff for Stop Payment Requests shall be in accordance with any Exhibitthe Bank’s stated time frame. Company acknowledges that Bank uses a computer system computersystem to check for stop pay items and that Bank does not always do a visual inspection. Therefore, Company agrees that in order for the Stop Payment StopPayment Requests to be in effect, the information contained within the Stop Payment Requests must be exact or Bank’s computer system will not be able to identify the stop pay items. In order for Stop Payment Requests to be in effect, Company hereby agrees to furnish the Bank with the exact amount of item to be stopped, date, specific check number and name of payee. Failure to furnish such information shall relieve Bank of any liability for any payment made contrary to Stop Payment Requests. Company agrees to reimburse the Bank for all expenses and loss resulting from refusing payment pursuant to Stop Payment Requests, or if by reason of such payment other items drawn by Company are returned unpaid because of insufficient funds. Company agrees that Stop Payment Requests are also subject to the provisions contained in Company’s signature card. Company acknowledges Stop Payment Requests are effective for six (6) months, from date of Bank accepting Stop Payment Requests, and may be renewed for an additional six (6) month period by a writing given to the Bank within a period during which the original Stop Payment Request is in effect.