Common use of Duty of Reasonable Care Clause in Contracts

Duty of Reasonable Care. Bank shall exercise good faith and reasonable care in processing Company's wire transfers. Company shall similarly exercise good faith and reasonable care in observing and maintaining security procedures, in communicating wire transfer Requests to Bank, and in reviewing bank statements or notices for any discrepancies, Company is responsible for ensuring the accuracy of Requests and Bank has no duty whatsoever to verify the accuracy of Requests, nor will it be liable for losses or damages arising out of Requests containing erroneous information.

Duty of Reasonable Care. Bank shall exercise good faith and reasonable care in processing Company's wire transfersCustomer’s Wire Transfers. Company Customer shall similarly exercise good faith and reasonable care in observing and maintaining security procedures, in communicating wire transfer Wire Transfer Requests to Bank, and in reviewing bank statements or notices for any discrepancies, Company . Customer is responsible for ensuring the accuracy of Requests and Bank has no duty whatsoever to verify the accuracy of Requests, nor will it be liable for losses or damages arising out of Requests containing erroneous information.