Common use of Authorization and Processing Clause in Contracts

Authorization and Processing.  When we receive an Internal Transfer Instruction from you, you authorize us to immediately debit your Eligible Transfer From Account and credit those funds to the Eligible Transfer To Account you designate in your instruction. The Eligible Transfer To Account must be owned by you, or by another recipient you designate.  We will use reasonable efforts to make all your transfers properly. However, we shall incur no liability if we are unable to complete any transfers initiated by you because of the existence of any one or more of the following circumstances: o If, through no fault of ours, the Eligible Transfer From Account does not contain sufficient funds to complete the transfer. o The Transfer From and/or Transfer To Account(s) does not meet the ownership criteria, is closed, or contains restrictive codes that prevent us from fulfilling the Internal Transfer request. o The Service is not working properly and you know or have been advised by us about the malfunction before you execute the transaction; o You have not provided us with the correct information, including but not limited to the correct Eligible To Account information; and/or, o Circumstances beyond our control (such as, but not limited to, fire, flood, network or system down time, issues with the financial institution(s), or interference from an outside force) prevent the proper execution of the transfer and we have taken reasonable precautions to avoid those circumstances.  It is your responsibility to ensure the accuracy of any information that you enter into the Service, and for informing us as soon as possible if you become aware that this information is inaccurate. We will make a reasonable effort to stop or recover a transfer made to the wrong Account once informed, but we do not guarantee such recovery and will bear no responsibility or liability for damages resulting from incorrect information entered by you.

Appears in 1 contract

Samples: Online Banking Agreement

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Authorization and Processing.  When we receive an Internal Transfer Instruction from you, you authorize us to immediately debit your Eligible Transfer From Account and credit those funds to the Eligible Transfer To Account you designate in your instruction. The Eligible Transfer To Account must be owned by you, or by another recipient you designate.  We will use reasonable efforts to make all your transfers properly. However, we shall incur no liability if we are unable to complete any transfers initiated by you because of the existence of any one or more of the following circumstances: o If, through no fault of ours, the Eligible Transfer From Account does not contain sufficient funds to complete the transfer. ; o The Transfer From and/or Transfer To Account(s) does not meet the ownership criteria, is closed, or contains restrictive codes that prevent us from fulfilling the Internal Transfer request. ; o The Internal Transfer Service is not working properly and you know or have been advised by us about the malfunction before you execute the transaction; o You have not provided us with the correct information, including but not limited to the correct Eligible To Account information; and/or, o Circumstances beyond our control (such as, but not limited to, fire, flood, network or system down time, issues with the financial institution(s), or interference from an outside force) prevent the proper execution of the transfer and we have taken reasonable precautions to avoid those circumstances.  It is your responsibility to ensure the accuracy of any information that you enter into the Internal Transfer Service, and for informing us as soon as possible if you become aware that this information is inaccurate. We will make a reasonable effort to stop or recover a transfer made to the wrong Account once informed, but we do not guarantee such recovery and will bear no responsibility or liability for damages resulting from incorrect information entered by you.

Appears in 1 contract

Samples: Online Banking Agreement

Authorization and Processing. When we receive an Internal Transfer Instruction from you, you authorize us to immediately debit your Eligible Transfer From Account and credit those funds to the Eligible Transfer To Account you designate in your instruction. The Eligible Transfer To Account must be owned by you, or by another recipient you designate. We will use reasonable efforts to make all your transfers properly. However, we shall incur no liability if we are unable to complete any transfers initiated by you because of the existence of any one or more of the following circumstances: o If, through no fault of ours, the Eligible Transfer From Account does not contain sufficient funds to complete the transfer. ; o The Transfer From and/or Transfer To Account(s) does not meet the ownership criteria, is closed, or contains restrictive codes that prevent us from fulfilling the Internal Transfer request. ; o The Internal Transfer Service is not working properly and you know or have been advised by us about the malfunction before you execute the transaction; o You have not provided us with the correct information, including but not limited to the correct Eligible To Account information; and/or, o Circumstances beyond our control (such as, but not limited to, fire, flood, network or system down time, issues with the financial institution(s), or interference from an outside force) prevent the proper execution of the transfer and we have taken reasonable precautions to avoid those circumstances. It is your responsibility to ensure the accuracy of any information that you enter into the Internal Transfer Service, and for informing us as soon as possible if you become aware that this information is inaccurate. We will make a reasonable effort to stop or recover a transfer made to the wrong Account once informed, but we do not guarantee such recovery and will bear no responsibility or liability for damages resulting from incorrect information entered by you.

Appears in 1 contract

Samples: Online Banking Agreement

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Authorization and Processing.  When we receive an Internal Transfer Instruction from you, you authorize us to immediately debit your Eligible Transfer From Account and credit those funds to the Eligible Transfer To Account you designate in your instruction. The Eligible Transfer To Account must be owned by you, or by another recipient you designate.  We will use reasonable efforts to make all your transfers properly. However, we shall incur no liability if we are unable to complete any transfers initiated by you because of the existence of any one or more of the following circumstances: o If, through no fault of ours, the Eligible Transfer From Account does not contain sufficient funds to complete the transfer. o The Transfer From and/or Transfer To Account(s) does not meet the ownership criteria, is closed, or contains restrictive codes that prevent us from fulfilling the Internal Transfer request. o The Internal Transfer Service is not working properly and you know or have been advised by us about the malfunction before you execute the transaction; o You have not provided us with the correct information, including but not limited to the correct Eligible To Account information; and/or, o Circumstances beyond our control (such as, but not limited to, fire, flood, network or system down time, issues with the financial institution(s), or interference from an outside force) prevent the proper execution of the transfer and we have taken reasonable precautions to avoid those circumstances.  It is your responsibility to ensure the accuracy of any information that you enter into the Internal Transfer Service, and for informing us as soon as possible if you become aware that this information is inaccurate. We will make a reasonable effort to stop or recover a transfer made to the wrong Account once informed, but we do not guarantee such recovery and will bear no responsibility or liability for damages resulting from incorrect information entered by you.

Appears in 1 contract

Samples: Online Banking Agreement

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