Reso 2014-2242 - Laserfiche WebLink

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APPENDIX IX TD ACCOUNT RECONCILEMENT SERVICES - FULL This Appendix is incorporated by reference into the parties' Cash Management Master Agreement and applies to all TD Account Reconcilement Services — Pull (the "Services") made available to Customer by Bank. All capitalized terms used herein without definition shall have the meanings given to them in the Cash Management Master Agreement. Except as otherwise expressly provided in this Appendix, to the extent that this Appendix is inconsistent with the provisions of the Cash Management Master Agreement. this Appendix and any amendment hereto from time to time shall control, but only to the extent necessary to resolve such conflict. TERMS AND CONDITIONS 1. Services. The Services described in this Appendix will assist Customer in reconciling and managing the check and deposit activity in Customer's designated checking Account(s) ( "Authorized Accounts "). Use of the Services does not affect any of Customer's obligations. which are described in Bank's Business Deposit Account Agreement, to discover and report unauthorized or missing signatures and endorsements, or alterations on checks drawn on Customer's Accounts. 2. Submission of Data. 2.1 Customer shall have checks prepared in accordance with Bank specifications. and will supply Bank with twenty -five (25) voided checks to be used for testing. The checks will be tested to ensure the paper stock is of a minimum weight and is encoded with Bank's ABA (routing and transit) number, account number and check number to ensure the readability of the MICR line on Bank's equipment. 2.2 Customer shall send a file to Bank containing information regarding checks that have been issued by Customer ("Check Issue File') in the format and medium. by the scheduled day(s) and to the place(s) specified by Bank and agreed to by Customer as set forth in the Services' Setup Form(s). The Check Issue File shall include check issue date, check issue amount, payee, stop payments, and voided or cancelled checks, if applicable. 2.3 Prior to implementation of the Services. Customer shall submit to Bank a current, reconciled list of all outstanding checks issued on each Authorized Account one (I ) week prior to the implementation of the Services hereunder. Depending on the frequency with which Customer issues checks. Bank reserves the right to require Customer to submit one or more additional lists so that all outstanding, unpaid checks issued on any Authorized Account have been reported to Bank prior to the implementation of the Services hereunder. 2.4 Customer will send to Bank a test file in the format and medium as identified in the Services' Setup Form(s) to ensure the readability of the Check Issue Pile on Bank's equipment. 2.5 Customer agrees to receive its paid check data ("Paid Check Data ") from Bank in the specified lormat and medium, on the scheduled day(s) and at the place(s) specified by Bank and as set forth in the Services' Setup Form(s). 2.6 prior to receiving a file from Bank containing Customer's Paid Check Data, Customer will be provided a test file by Bank to ensure the readability of the Paid Check Data, on Customer's equipment. Customer agrees to report any test file failures. 2.7 Bank shall compare each of Customer's paid checks by check number and amount against each Check Issue Pile received by Bank. Bank does not, and shall not be obligated to, compare any other data (such as payee names) on a presented check with a Check Issue File. even if a Check Issue Pile contains such other data. Bank may satisfy its obligation hereunder by comparing check numbers and amounts received in substitute checks and /or electronic presentment of checks. 3. Statement of Transactions. Within five (5) Business Days following the scheduled dale for reconcilement, as set forth in the Services' Setup Form(s). or receipt of the final Check Issue File for the current reconcilement period as set forth in the Services' Setup Form(s). Bank will forward to the address provided by Customer a fully reconciled report including a listing in check number sequence of all outstanding paid, issued, voided, stopped and cancelled items From the statement schedule. Customer shall review the listing and report any errors as set forth in the Cash Management Master Agreement between Bank and Customer. 4. Effectiveness. Customer agrees to all the terms and conditions of-this Appendix. Bank's liability under this Appendix shall in all cases be subject to the provisions of the Contract, including, without limitation, any provisions thereof that exclude or limit warranties made by, damages payable to or remedies available from Bank. This Appendix replaces and supersedes all prior agreements on file with respect to the Services and shall remain in full force and effect until termination or such time as a different or amended Full Reconcilement Services Appendix is 111'1913--,V. 1,1 45 ,f62 (11)(19