Unpaid Instruments. You agree that a waiting period or “hold” as disclosed in BOCC's Disclosure Documentation from time to time will be placed on the amount of Instruments deposited or transferred to your Account before you are able to withdraw the funds. Instruments may be returned unpaid for any reason, either during or after the expiry of the applicable hold period, or after release by BOCC of the hold. You will be solely responsible for returned Instruments and BOCC has the right to charge the amount of any returned Instrument to the Account. In that case, BOCC may attempt on your behalf to obtain payment for the Instrument from the drawer of the Instrument or the drawer's financial institution, but BOCC will not be liable for doing so late or improperly or not doing so at all.
Unpaid Instruments the amount of any Instrument that:
(i) is not paid on presentation;
(ii) Vancity has been requested by you, to refund;
(iii) may be dishonoured by non-acceptance or non-payment;
(iv) involves a party that is bankrupt or insolvent;
(v) the proceeds of which, for any reason, Vancity is unable to collect or withdraw or has been charged back through the clearings; or
(vi) has been cashed, negotiated or credited to any of the Accounts but which has been shown to the satisfaction of Vancity, in its discretion, to be the proceeds of a fraudulent Transaction, including a counterfeit Instrument, an Instrument that has been altered, fraudulently prepared, signed or endorsed, an Instrument that has been returned or charged back to Vancity, or an amount for which demand has been made on Vancity through the clearings or otherwise for any reason whatsoever, and which appears in our discretion to be valid. You agree that Vancity retains all rights and remedies against all parties liable on any unpaid Instrument whether debited to the Accounts, or not, and if your Account is debited, such debit is not deemed payment of the Instrument.
Unpaid Instruments the amount of any Instrument cashed or negotiated by us for you or credited to your Account(s) (whether by means of deposits made by you or by payments received for you through electronic or other means) for which payment is not received by us on a final irrevocable basis, or is reversed, in whole or in part, and whether or not such non- payment or reversal complies with the rules of the Canadian Payments Association or other clearing organization for any reason (whether or not such Instruments were drawn on other accounts with us), and with the amount of any other of your indebtedness or liability to us and with any expenses incurred by us in connection with paying of a dishonoured or unpaid Instrument. Notwithstanding such charging, all rights and remedies of us against all parties are preserved. No charging of unpaid Instruments shall be deemed to be payment of such Instruments;
Unpaid Instruments the amount of any Instrument:
(i) that is not paid on presentation;
(ii) which Customer has requested HSBC to refund, in writing;
(iii) that may be dishonored by non-acceptance or non-payment;
(iv) for which any party thereto is bankrupt or insolvent;
(v) the proceeds of which, for any reason, HSBC is unable to collect or withdraw;
(vi) for which HSBC reasonably believes it will not receive payment or may be reversed; or
(vii) that has been cashed, negotiated or credited to an Account but is then returned or charged back for any reason whatsoever including because the Instrument or its proceeds are shown to be fraudulent or otherwise illegal; and HSBC retains all rights and remedies against all parties liable on any unpaid Instrument whether debited to an Account or not and if debited, this is not deemed payment of the Instrument;
