Type of Item Sample Clauses

The 'Type of Item' clause defines and categorizes the specific goods, products, or services that are the subject of the agreement. It typically outlines the characteristics, specifications, or classifications of the items involved, such as whether they are new, used, custom-made, or standard products. By clearly identifying what is being provided or exchanged, this clause ensures both parties have a mutual understanding of the subject matter, reducing the risk of disputes over the nature or quality of the items delivered.
Type of Item. Using the Mobile Deposit service, Member may deposit only items drawn on financial institutions located within the United States. Items deposited using Mobile Deposit must be payable in United States Dollars. We will not accept Substitute Checks, Third‐party Checks, Stale‐dated Checks, Post‐dated Checks or Checks drawn by you on an Account of yours at Credit Union. Foreign Items and Remotely created checks are not eligible for deposit using the Mobile Deposit service.
Type of Item. Using the Remote Deposit service, Member may deposit only items eligible for treatment as cash items under Federal Reserve Operating Circular 3, drawn on financial institutions located within the United States. Member may not deposit savings bonds or food coupons using the Service. Items deposited using Remote Deposit must be payable in United States Dollars and payable through a financial institution located in the United States. Remotely created checks (as that term is defined in Federal Reserve Regulation CC) are not eligible for deposit using the Remote Deposit service.
Type of Item. Using the Mobile Deposit service, Member may deposit only items eligible for treatment as cash items under Federal Reserve Operating Circular 3, drawn on financial institutions located within the United States. Items deposited using Mobile Deposit must be payable in United States Dollars. We will not accept Substitute Checks, Third-party Checks, Stale-dated Checks, Post-dated Checks or Checks drawn by you on an Account of yours at Credit Union. Foreign Items and Remotely created checks (as defined in Regulation CC) are not eligible for deposit using the Mobile Deposit service.
Type of Item. Using the Electronic Deposit service, Depositor may deposit only items drawn on financial institutions located within the United States. Items deposited using Electronic Deposit must be payable in United States Dollars. • Ineligible items are: • Remotely created, or substitute checks. • Previously returned checks, • Checks payable to any person or entity other than you, • Checks that have been paid or negotiated previously, • Checks that are payable jointly, unless deposited into an account in the name of all the payees, • Checks on which a stop payment has been issued for, • Checks that are not dated, postdated, or dated more than six months prior to the date of deposit, • Checks that are marked “nonnegotiable”, • Checks containing obvious alteration to any of the fields on the front of the check.
Type of Item. Using the Mobile Deposit service, Member may deposit a. only items eligible for treatment as cash items under Federal Reserve Operating Circular 3, drawn on financial institutions located within the United States. Items deposited using Mobile Deposit must be payable in United States Dollars. We will not accept Substitute Checks, Third-party Checks, Stale-dated Checks, Post-dated Checks or Checks drawn by you on an Account of yours at Credit Union. Foreign Items and Remotely created checks (as defined in Regulation CC) are not eligible for deposit using the Mobile Deposit service. Item Quality. Items deposited using the Mobile Deposit service must be b. legible, and must be of sufficient quality to create an image that satisfies all applicable requirements under Regulation CC, this Agreement, and any other written standards that Credit Union provides to Member.

Related to Type of Item

  • Type of Loans Subject to Section 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

  • Application of Voluntary Prepayments by Type of Loans Any prepayment of any Loan pursuant to Section 2.10(a) shall be applied as specified by the Borrower in the applicable notice of prepayment.

  • Application of Mandatory Prepayments by Type of Loans Except as provided in subsection 2.4D, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount pursuant to subsections 2.4B(iii)(a)-(f) shall be applied first to prepay the Term Loans to the full extent thereof, second, to the extent of any remaining portion of such amount, to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, third, to the extent of any remaining portion of such amount, to prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, fourth, to the extent of any remaining portion of such amount, to further permanently reduce the Revolving Loan Commitment Amount to the full extent thereof and fifth, to the extent of any remaining portion of such amount, to cash collateralize any outstanding Letters of Credit. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant to this subsection 2.4B shall be in proportion to each Revolving Lender’s Pro Rata Share.

  • CESSATION OF ADVANCES If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good ▇▇▇▇▇ ▇▇▇▇▇ itself insecure, even though no Event of Default shall have occurred.

  • Types of Advances The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9.