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paid. This verification may occur subsequent to the time Bank accepts the <br /> stop payment order. <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 inforn�ation 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 /> 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 l�ave Bank's STOP AU'TO-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 /> ALJ'TO-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 /> 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 /> 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 ofpost-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 /> 27 <br />