Common use of Cancellation or Amendment of an Entry Clause in Contracts

Cancellation or Amendment of an Entry. The Company shall have no right to cancel or amend any Entry after its receipt by the Bank. However, the Bank shall use reasonable efforts to act on a request by the Company to cancel an Entry before transmitting it to the ACH Operator or crediting or debiting an On-Us Entry. Any such request shall comply with this Agreement, including the security procedures described on Attachment 3 to this Agreement. The Bank shall have no liability if it fails to effect the cancellation. Company shall reimburse, indemnify and hold harmless the Bank for any expenses (including attorneys’ fees), losses or damages the Bank incurs in effecting or attempting to effect Company’s request for the cancellation of an Entry.

Cancellation or Amendment of an Entry. The Company shall have no right to cancel or amend any Entry after its receipt by the BankBank and Bank shall have no obligation or duty to cancel or amend any Entry once received. However, the Bank shall use reasonable efforts to act on a request by the Company to cancel an Entry before transmitting it to the ACH Operator or crediting or debiting an On-Us Entry. Any such request shall comply with this the Agreement, including the security procedures described on Attachment 3 to this in the Agreement. The Bank shall have no liability if it fails to effect the any amendment or cancellation. Company shall reimburse, indemnify and hold harmless the Bank for any expenses (including attorneys’ fees), losses or damages the Bank incurs in effecting or attempting to effect Company’s request for the cancellation of an Entry.