Erroneous Instructions Sample Clauses
The Erroneous Instructions clause defines how parties should handle situations where one party provides incorrect, unclear, or incomplete instructions related to the performance of contractual obligations. Typically, this clause requires the receiving party to notify the instructing party upon discovering the error and may suspend performance until corrected instructions are provided. Its core function is to prevent misunderstandings and potential disputes by ensuring that both parties act on accurate and complete information, thereby reducing the risk of mistakes and associated liabilities.
Erroneous Instructions. Client agrees that to the fullest extent permitted by Applicable Law, Bank will not be liable for any instruction, Payment Order, Transfer, amendment or cancellation thereof, or any loss arising therefrom, erroneously transmitted by Client or anyone authorized or purporting to be authorized by Client hereunder or containing an error in content as provided by Client or anyone authorized or purporting to be authorized by Client hereunder, if such instruction or Payment Order was accepted by Bank in good faith and originated using Access Credentials and Security Procedures assigned to Client, regardless of whether Bank followed the Security Procedures agreed upon herein or any application
Erroneous Instructions. If we receive a payment instruction from you or from use of your Code, and the instruction is erroneous in any way, we shall have no obligation or liability for the error, except as provided by law, including any fees or charges that you may owe as a result of such error, provided that we have acted as instructed by you and in accordance with applicable laws.
Erroneous Instructions. YOU AGREE THAT TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BANK WILL NOT BE LIABLE FOR ANY INSTRUCTION, FUNDS TRANSFER ORDER, AMENDMENT OR CANCELLATION, OR ANY LOSS ARISING THEREFROM, ERRONEOUSLY TRANSMITTED BY YOU OR ANYONE AUTHORIZED BY YOU HEREUNDER OR CONTAINING AN ERROR IN CONTENT AS PROVIDED BY YOU OR ANYONE AUTHORIZED BY YOU HEREUNDER, REGARDLESS OF WHETHER THE BANK FOLLOWED THE SECURITY PROCEDURES AGREED UPON HEREIN OR ANY APPLICATION HERETO.
Erroneous Instructions. CUSTOMER AGREES THAT TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE BANK WILL NOT BE LIABLE FOR ANY INSTRUCTION, FUNDS TRANSFER ORDER, AMENDMENT OR CANCELLATION, OR ANY LOSS ARISING THEREFROM, ERRONEOUSLY TRANSMITTED BY THE CUSTOMER OR ANYONE AUTHORIZED BY THE CUSTOMER HEREUNDER OR CONTAINING AN ERROR IN CONTENT AS PROVIDED BY THE CUSTOMER OR ANYONE AUTHORIZED BY THE CUSTOMER HEREUNDER, REGARDLESS OF WHETHER THE BANK FOLLOWED THE SECURITY PROCEDURES AGREED UPON HEREIN OR ANY APPLICATION HERETO.
Erroneous Instructions. 5.6. The Customer determines the accuracy of the payment document execution and, in the event of its erroneous execution, informs the Bank about the detected error within three operation days after detecting the execution of the erroneous payment, but no later than three years from the date of execution of the erroneous instruction. In the message about the erroneous payment, the Customer indicates the details of the payment document and the detected erroneous details. The Bank shall not be liable for erroneously executed payment document, if the error was made by the Customer. The Customer hereby declares that it assumes the risk associated with the payment document erroneously executed by the Bank, if the error was made by the Customer or Customer’s representative. The Customer hereby declares that it assumes the risk associated with the payment document erroneously executed by the Bank, if the mistake was made by the Customer or Customer’s representative.
5.7. If the Bank is the beneficiary’s bank, and it identifies the execution of erroneous payment, the Bank will refund the money to the Customer no later than the next operation day from the day of such detection. If the Bank is not the beneficiary’s bank, it shall, upon identification of the execution of erroneous payment, send to the beneficiary’s bank a notification of the need to refund it in the manner specified herein.
5.8. The Bank, no later than three operation days after receipt of a notification of the execution of erroneous payment document from the Customer:
5.8.1. with regard to erroneous payment containing details that do not correspond to the details of the Customer's payment document, sends the payment document in favor of the proper beneficiary or refunds the full amount of the payment to the Customer;
5.8.2. with regard to re-sent erroneous payment, refunds to the Customer an incorrectly withdrawn amount. The beneficiary's bank refunds the erroneous amount to the Customer on the basis of a letter from the Bank within the limitation period.
5.9. If the Bank makes an erroneous payment, it sends to the beneficiary, in whose favor the erroneous payment was made, or to his bank a notification about the need to refund the erroneous payment with attachment of documents confirming the fact of the erroneous payment. In the event of insufficiency or lack of money in the beneficiary’s bank account, the Bank, as an initiator of erroneous payment makes a refund of erroneous payment, using its own ...
Erroneous Instructions. CUSTOMER AGREES THAT TO THE FULLEST EXTENT PERMITTED BYAPPLICABLE LAW, BANK WILL NOT BE LIABLE FOR ANY INSTRUCTION, FUNDS TRANSFER ORDER, AMENDMENT OR CANCELLATION, OR ANY LOSS ARISING THEREFROM, ERRONEOUSLY TRANSMITTED BY CUSTOMER OR
Erroneous Instructions. If the Bank receives an instruction authorized by you and the instruction is erroneous, the Bank will have no obligation or liability for such error.