55A - RESO - DEPOSITORY SRVS - Laserfiche WebLink

Home Browse Search

D. U.S. � � Transfer �� "�. w,^w,^o��o��~oo«��»�mo��m J.P. allows the Customer ,o instruct the Bank fee agent) m draw U S, dollar checks ('Disbursement Checks'") payable to the order of payees and in amounts designated by the Customer for distribution Requests for Disbursement Checks. Ali requests for Disbursement Checks must be Vaosartedw the Bank via authenticated SWIFT transmission, o' one n( the Bank's proprietary access nuirchanisms. The Customer ohao transmit the requests in such format o« the Bank specifies from lime to time The Bank may b.o shall have ov obligation o}process requests that do not conform tvthese Service Terrins and may impose additioned fees for such processing. % Issuance Unless the Customer specifies a future issuance date in the Customer's request, each Disbursement Check will be issued within one banking day of the day oil which the Bank receives the issuance request Tlhe Bank will not honor requests to draw Disbursement Checks to any person or entity with whom or with which the Bank is prohibited to do, business by law or regulation, or in any case where compliance would, in the Bank's judgment, conflict with applicable law or good banking practice. Disbursement Checks will be signed by the Bank on fine Customer's behalf substantially as follow& 8» JPMorgan Chase Bank, NrA as Agent for the Above-Named Drawer Asvrthe day a Disbursement Check b issued, the Bank will debit the Uunnmwro designated dmma^d deposit v*co,m|o the xw°*mof the issuance instruction. x, Stop Payments Orders. The Customer may issue u stop payment order in respect of any Disbursement Ch**konly byamessage sent via auffienticated SWIFT to a Bank location to be designated by the Bank and in the format designated by the Bank from time to lime. Any stop payment order must include the reference number assigned by the Bank to the Customer's request for the issuance of such Disbursement Check. The Customer shall pay a service fee for each stop payment order io the amount then io effect mt such time the Customer issues the stop payment request E. K �� �" ��m�ox Lockbox is a remittance processing Service offered to customers to support their accounts receivables business needs. The Costomer's remittance deposits are sent to a Post Office Box and picked up by the Bank and delivered to or via courier for further processing and posting to the Customer's deposit amount. Service, The Bank will maintain the Post Office Box for the Customer's 'umidancis and will have unrestricted and exclusive access w the Post Office Bair while providing the LnckbuxService, Customers featuring Caller Service v/ Business Reply Mail Service for remittance cohection must obtain prior approval from the Bank. Upon approval, the Customer will secure such services directly with the United States Postal Service (the l%SpS1 and ensure. the Bank is authorized *` collect the mail The Bank shall not »o responsible for delays iv processing due t" the Customer's failure t* pay the, V8P8 for such services *, any other action taken v/ not taken hvfile USPS The Customer is responsible for ensuring their customers' remittances are properly addressed in order to prevent delays in processing 2. Deposit; Endorsement. The Bank will collect all mail delivered to the designated Post Office Box, arid will open Vie mail, process the checks eligible for this service (the 7ems') and credit the funds u. the Customer account *r process for collection the Items received except: o Items first the Customer has instructed the Bank in writing, and the Bank has received not tn process; it) Items that the Bank believes should receive the Customer's special aftentbn� fin Items for which the, Customer is nor the payee, unless the Cusholner has provided proper authorization to process for credit or collection of such Items, and ii any other Tracer of merchandise received. The Bank will not process such excepted Items v, other matters v, merchandise but will forward them ,o the Cu,tv"ne/unprocessed The Bank assumes no responsibility for the inadvertent processing of Items excepted from processing The Bank will process credit card payments w* point ,f sale transactions, obtaining authorization p,required by applicable card n|m^�provided, however, the Bank will nor place phone calls for authorization of referrals ^/ process credit transactions T»o Bank shall not h:doammdmmerchant pmomouw and ohu| not ho liable for any data entry errors v/ any h -hacusmw8aokanovp0000|iwh./ityfn,aoymwtto,o'merchaodiww received through the Post Office that ix not ado»oo4ubmItem, including cash Any failure by the Bank tupmm»noan Item other than ao provided herein does not constitute a failure hy the Bank mexercise ordinary care. The Customer shall m: ||omo to the 8mmmoo general endorser on all Items processed by the Bank u Differing Amounts. If the omunt ofan Item written i words and figures differ, and tire Item is accompanied by an invoice or statement and the amount ,n the statement matches Vie amount written | processed for the amount written w ngu,na (n the event the Bank processes the Item for the amount w/uuenin figures, the Customer inuem/onwy the Bank for any claim that may m,*e from that action 4, Foreign before �� �� U ��8 PN.- 350914D(IC'11): 4 ]al lvof 51