Agmt16 Wells Fargo Bank - Laserfiche WebLink

Browse Search

' 11/09/99 TUE 17:49 FA][ 6bOS2808{t ' P6NINSULA RCBO �007 i (iv) AT.TERAT�QN3. Checks with alterations;provided,bowever,that Regutus can only tase its bast eef�orts to catcb such alterado�ns and�ravent daposits. As n xcsul;Regulus will bave ao liabiliry whatsoaver,despite anything to thc contraTy in the Agroement,for its deposit of arry � ahcck containing at�t�iteration,unless such deposit resutts dircctly from the willful � m�i�scondact of Rcgulus'officers or anployees. (c) RESTRiCi'IVE NOTATIp�IS. Manuallq Frocessed Checks bearing restiictzve notations,such as"Paid in Full,"will be l�ndlod on a best efforb basis in acxflrdance witb your request as a,�reed to by Regulus, As Reg�tus can only use its best efforts to comply with such instructions,Regcilus will have ao liability whatsoever,despite anything tfl the oontra�y in the A,greement,for its failnre to comply with such ins4ructions,unless�uch failurc results directly from t}ie willful misconduet of Regulus'ot�cca�ss or�naployees. 2. DEP03Pi'S OF C�EC�S AND CASH. During e�ch Banlang Day Regulus wiil make deposits of the acceptable checks aad c,ash rcc�aived in tb►e Lockbox by ca�editing the Account for t1�amo�t of such cheaks and cash. I�a chcck is processod by automated means,Regulus will captnre the infarmation on tb�e SGAN line on the remit�wce stat�meat or invoic�or coupon accbmpanying tt�e check and trsrwmat such information to yau eleetronicatly on a daily basis. You wil.i detamane wha,tt infornaation is placed on the SCAN line of your remittance statem�nts,invoicc�s or coupons. If�e check is a Manuslly P�occss�d Check, Regulus will manually ente�r into its database t6e account nnmber and amount of the aheok and transnnit such information to you clectzonlcally on a daily bsals, Except as otheranse speafically pmvid«1 in the Agreeme�at,the normat and customary Iaws,rules,Praeticea�d procedur�s for handling deposits to chccking accounts wili apply to these Procedures aael Re�tlus'lockbox scrvice. � 3. MAILA�G RENIITTANCE MATERIALS TO YOU. Uniess otherwise specifced by you in writing to�tegulus,Regulus will mail to you,in acvordance wlth the tcrms of t6e Agizemeat,the reunittance matcrisis enclosed in e�tch envelope scnt to the Lockbox(othex t�an cash and checics which are dcposited into the Account}as well as any checks ua such emrclope w2aich are not daposited,w�ith any con�espondar�ce in such envclope tnailed to you in a bundle of all tlu correspondence received im the Lockbox that day, _ 5. CHANGE3 lN NAME5 OR DTr�SXCNATYONS OF kAYE�'S. You may at any time upon tcn (10)ealendac days prlor writtan notEce to Regulus re�eat that a name or desigaation on your list of payees sent to Ragulus be dcleted or added,and Resutus wIII add ox dolete the naaue or designation i�the request is acceptable to Ragulus. � �. �^�.� 2 oi a �B ATfY/AGR/2016.186N1/ELLS FARGO BANKING AGREEMENT