Common use of RECORDS AND CHEQUE IMAGING Clause in Contracts

RECORDS AND CHEQUE IMAGING. If DUCA implements an imaging program, DUCA will determine, in its sole discretion, whether copies of images of Instruments and other items will be provided for the statement of account for the Account. The Member acknowledges that copies of images of Instruments and other items may be provided before DUCA has determined whether the Instrument or other item will be honoured or accepted and agrees that copies of images of Instruments and other items are made available by DUCA as a service to the Member and that the provision of copies of images of Instruments and other items does not mean that the Transaction has been processed or in any way oblige DUCA to honour or accept the Instrument or other item. The Member acknowledges that if DUCA adopts an imaging program, the physical Instruments and other items may be destroyed. If DUCA has implemented an imaging program and determines not to include copies of images of Instruments and other items with the statement of account for the Account, DUCA will ensure that copies of images can be made available to the Member upon request for at least 5 years following the date of the statement of account for the Account on which the Instrument or other item appears, subject to payment of the service charges established by DUCA from time to time.

RECORDS AND CHEQUE IMAGING. If DUCA implements an imaging program, DUCA will determine, in its sole discretion, whether copies of images of Instruments and other items will be provided for the statement of account for the Account. The Member acknowledges that copies of images of Instruments and other items may be provided before DUCA has determined whether the Instrument or other item will be honoured honored or accepted and agrees that copies of images of Instruments and other items are made available by DUCA as a service to the Member and that the provision of copies of images of Instruments and other items does not mean that the Transaction has been processed or in any way oblige DUCA to honour honor or accept the Instrument or other item. Business Member Agreement Terms and Conditions xi) the adequacy or authority of endorsements or signatures required in any arrangement made amongst the persons constituting the Member; or xii) any use of the Account by the Member that: Business Member Agreement Terms and Conditions The Member acknowledges that if DUCA adopts an imaging program, the physical Instruments and other items may be destroyed. If DUCA has implemented an imaging program and determines not to include copies of images of Instruments and other items with the statement of account for the Account, DUCA will ensure that copies of images can be made available to the Member upon request for at least 5 years following the date of the statement of account for the Account on which the Instrument or other item appears, subject to payment of the service charges established by DUCA from time to time.