THE PARTIES RECOGNIZE AND AGREE THAT ALL DISPUTES RESOLVED UNDER THIS REFERENCE PROVISION WILL BE DECIDED BY A REFEREE AND NOT BY A JURY. AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR OWN CHOICE, EACH PARTY KNOWINGLY AND VOLUNTARILY AND FOR THEIR MUTUAL BENEFIT AGREES THAT THIS REFERENCE PROVISION WILL APPLY TO ANY DISPUTE BETWEEN THEM WHICH ARISES OUT OF OR IS RELATED TO THIS ACCESS AGREEMENT.
You will not create duplicate Images of the Items, you will not transmit a duplicate Image(s) or Files to Bank, you will not deposit or otherwise negotiate the original Item(s) from which the Image(s) was created and that no subsequent transferee, including but not limited to Bank, a collecting or returning bank, drawer, drawee, payee or endorser, will be asked to pay the original Item from which the Image(s) was created or a duplication (whether paper or electronic, including ACH entries) of the Item(s). You will include the notation “For Mobile Deposit at River City Bank” on each Item deposited hereunder.
You must stamp the original Item “processed” after scanning the Item in accordance with this Remote Deposit Agreement, including the “Items Deposited” section. You must securely store the original Item for a period of 30 days after you have received notice from Bank that the File has been accepted. During the 30 day period, you must take appropriate security measures to ensure that only authorized personnel shall have access to the original Item, that the information contained on the Item shall not be disclosed, and that the original Item will not be duplicated, will not be scanned more than one time, and will not be deposited or negotiated in any form. You must destroy the original Item upon the expiration of the 30 day period. You must use a commercially reasonable method approved by Bank to destroy Checks after the retention period has expired.
You agree to pay us the Service fees described in the Cash Management Schedule of Fees. We will charge these fees directly to your Accounts with us. If you fail to pay any amount owing to us under this Access Agreement, the amount will bear interest at the rate of 12% per year until paid. We may amend our Service fees from time to time as set forth above.
You must pay Bank and Bank may, without prior notice or demand, obtain payment of all fees, charges and other amounts due to Bank for Transfers and for following related instructions, as well as any out-of-pocket costs incurred by Bank in carrying out the instructions given by you pursuant to this Wire Agreement, by debiting any Account, on the day Bank transmits the Transfer request, the date you submit the Transfer instructions to Bank or on such other date as is agreed to by Bank in writing. You must pay Bank the fees for the Services provided by Bank hereunder according to Bank’s current fee schedule, as it may be amended from time to time.
VIPKID provides an international learning experience to children in China between the ages 4-12. Headquartered in Beijing, the company offers fully immersive one-on-one English language instruction provided online by highly qualified teachers. The curriculum is based on the U.S. Common Core State Standards and uses a flipped-classroom approach to foster creativity and critical thinking skills.