Common use of By Wire Clause in Contracts

By Wire. ⯈ If you provide us with instructions to transfer funds by wire (domestically or internationally), we, our correspondents, and other financial institutions involved in processing the remittances may rely on any account or identification numbers provided and will not seek to confirm whether the number specified corresponds with the name of the beneficiary or the beneficiary’s bank provided in the payment order. The payee designated by you may be required to provide identification to the satisfaction of the paying bank. ⯈ Wire payment instructions executed by us are irrevocable. Under certain circumstances we will, on a reasonable efforts basis, and upon your request, attempt to recall a wire payment, however, we cannot guarantee return of the funds. ⯈ You will pay us fees in addition to all other service fees for transfers by wire and will reimburse us for any deductions and withholding or other taxes, and for any interest and penalties that may be paid by us in connection with any remittances. Other financial institutions may deduct a fee for processing remittances. You acknowledge that wires are subject to cut-off times, time zone differences and local regulations of the destination country. ⯈ We may review the wire payment instructions and request any additional information relating to the wire transfer. We are not liable to you or any other Person for any delay in processing a wire transfer, unless caused solely by our gross negligence, fraud or willful misconduct. ⯈ For wire transfers, we are not responsible for any delay, failure or performance, damage, penalty, cost, expense or inconvenience resulting to you or any other Person from causes beyond our control. We are not liable to you or any other Person for incorrect or improper payment to any Person arising out of the processing of any wire transfer, unless caused solely by our gross negligence, fraud or willful misconduct.