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27 <br />paid. This verification may occur subsequent to the time Bank accepts the <br />stop payment order. <br /> <br />Content of Stop Payment Order. <br />Bank requires the exact (i) name of the payee, (ii) number of Company’s <br />Account on which Paper Item is drawn, (iii) Paper Item amount and (iv) the <br />Paper Item number or a range of Paper Item numbers. Bank may, at its sole <br />discretion, use only a portion of the required information in order to identify <br />a Paper Item. Failure to provide correct and complete information may make <br />it impossible for Bank to stop payment of a Paper Item. Company agrees to <br />indemnify and hold Bank harmless from and against any loss incurred by <br />Bank as a result of Bank’s paying a Paper Item if any of the information <br />relied upon in the stop payment order is incorrect or incomplete (or as a <br />result of Bank’s not paying a Paper Item for which a valid stop payment <br />order is in effect). <br /> <br />Effective Period of Stop Payment Order; Renewal; Revocation. <br />Bank need not honor a written stop payment order for more than six (6) <br />months. For accounts that do not have Bank’s STOP AUTO-RENEWAL <br />Service, Company must renew a stop payment order if Company does not <br />want the stop payment order to expire after six (6) months. Each renewal is <br />treated as a new stop payment order. For accounts with Bank’s STOP <br />AUTO-RENEWAL Service, a stop payment order is subject to annual <br />renewals for up to six (6) twelve-month periods, unless Company has <br />otherwise notified Bank in writing. Bank may pay a Paper Item after a stop <br />payment order has expired, even though the Paper Item is more than six (6) <br />months old. An instruction to revoke a stop payment order must be received <br />in a time and manner that gives Bank a reasonable opportunity to act on it. <br /> <br />Liability to Holder in Due Course. <br />Notwithstanding Bank’s timely return of any Paper Item due to a valid stop <br />payment order, Company may still be liable under the laws governing this <br />Agreement for the amount of that Item. <br /> <br />Paper Items Paid Over Valid Stop Payment Orders. <br />If Bank pays a Paper Item over a valid stop payment order, Bank may require <br />Company to provide Bank with an affidavit describing in detail Company’s <br />dispute with the payee. If Bank credits Company’s Account after paying a <br />post-dated Paper Item over a valid and timely notice of post-dating, Bank <br />may charge Company’s Account for the amount of the Paper Item as of the <br />date of the Paper Item. <br />6.1.D. - Page 69