Agmt16 Wells Fargo Bank - Laserfiche WebLink

Browse Search

__ �� . 11/09/A9 Tt�6 17:48 F� 6�a�2eo8� PENINSUI.A RCBO �008 l � E�TXBIT A �— RETAIL LOCKBO�pYtOCESSING PROCEDURES T14'LS�.�lRE THL�'PROCTsS'SINQ�'ROCEDURL�S FOX.�GON'Eb BY leEGULtIS WES?'�G.LCIN�PL�,RFORMINGITS�ETA1'L LOCSBOXSERVICE 1. DISP03IT'ION OF REM�"I'ANC�lVi�►'1'ERIAJrS• On ea�chh day tbat Itsgulus West LLC ("Regulus'�o�'ers thc lockbox service(a"Baak�iag Day").YtcB'ulus will collect from the locicbox(the ��Lackbox'�the envelopas and uther contents of the Locicbox. Regulus witl open the envelopw�nd lnspect au�y ramittances�remittance stateaients,i�avoices,co�resPonde�ce,checks,cash,pnpers,documents and other items in the aY►velopes. Unless otherwise re4uested by you,the business entity receiviag Rogulus' lockbox service,and agreed to by Regulc�s,if cash is sent with any remitteace matcriais the cash wlll be renaaved�'rom the envelope cot►tatn3n8 the rerait��e materials and a ercdit advicc of tlu amount of the cash will be placcd in such envclope wlth the ranaind�r of the envelopo's contents. Facxpt as otherwise specificaUy providod in thasc Retail Lockbox Procxssing Prncedwc�s(the"Pmcedures")or in the Loc�cbox A�nt entcred inta among Ragulus,Wetls Fargo Hank,N.A.("Welis Fsrgo'�,and you(the"Agreement"j,or as spec{ficafly �quested by yon aud a�reed to by Regulus,Rogulus wilt reaon�cile the checks,ca�h or athe,r items m thc envalopes to invoices,to rasnittance statements,and to any ot6er documents or papas in the envelopes. Aftcr inspecuon,Yte�uius will process the checks and any cash in the envelopas by automaud means,untess an envelopa does aot coMain a reronittance statement ar iavoice or caupon,in which ease the cheeks ox cash will be proccssed manvally(a"Manually P�rocessed Cheak'�,as Provided in this 8ecbion 1 and!n Scaron 2 of these Procedures and,i£providod ia thia Sectian 1 or Section 2,depos�t such ahecks aud casb in your account at We118�argo designated by you in weitiag to Regulus aud Wells Fargo(the"Account"}: (a) CH�CxC3 A�POSTTED UND�R AUTOMATEA P1tOCFS5ING. U'nder the automated check . proeessing proceduras,a check wil!be depoaited as provided in Saction 2 of tt�e Pcoeedures even i�(1)tb�e numuical aad writt�n amozu�ts o�the cluck are not the same,(2}tb�o Qumerical and written amo�mb on the chectc do nat eorrospoad to tha auaount on any invoice or remittance state- ment seat with tlLe check,(3)th�cra is no payee on the cheek or the named paya is not a name or designation spec�'cod bY yau in writusg to Regulus for acceptabla payecs,or a reasonaWc variation of such name or desig�aation,(4)th�c�,ocu is postdated or stalcdated.(5}the drawa of dte check cannot be detcrmined,(6)the check does not have a date or a signature,or('�thc cheCic cantains � alterations or�rostnictive notations. (b) MANUALL1f�ROCFSS�CHEG'KS NO'X'TO BE DEPOST�b. Unless otha�vvise requested in writing by you amd agreed to by Regulus,Rsgulus w�il��aot deposit Manuall�► Processed Checks fa�ling into any of ihe following£our categodes: (i) UNACCiCP�A,BLE PAYEES. C1�ecks�where t�►e name or designation of thc payee on the ehcck is not the name or desigaation speei6ed by you in wtitin�to Regulus for accoptable ' gaytes or a reasonabls veriation of such name or de�i,gnation. (ii) P03rDATED AND 3TA�+�DATED C�ECKS. Cheeks which are�ostdated three or morc days after the dette duy are eollect�.�rom the Locl�box,poetdated checks thgt would�wt be paid on pr�tation,and chooks dated six rnonths or more prior to the date they are callected �rom the L�akbox. (iu) YND��'F.RNIINABLE A,N�OUNT. Checks where tha cot�roct amotmt of the c,heck caauaot be detem�ncd 600m the c�cek and tbe documents accompanyin�the eheck,or where the nunserical aud w�itten amo�te of�e check are aot the same, �,�,a.doc 1 of 2 ormse ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT