Common use of Error Detection Clause in Contracts

Error Detection. Financial Institution has no obligation to discover and shall not be liable to Member Client for errors made by Member Client, including but not limited to errors made in identifying the Receiver, or an Intermediary or RDFI or for errors in the amount of an Entry or for errors in Settlement Dates. Financial Institution shall likewise have no duty to discover and shall not be liable for duplicate Entries issued by Member Client. Notwithstanding the foregoing, if the Member Client discovers that any Entry it has initiated was in error, it shall notify the Financial Institution of such error. If such notice is received no later than 24 hours prior to the ACH processing deadline, the Financial Institution will utilize reasonable efforts to initiate an adjusting Entry or stop payment of any On-Us” credit Entry within the time limits provided by the Rules. In the event that Member Client makes an error or issues a duplicate Entry, Member Client shall indemnify, defend all claims, and hold Financial Institution harmless from any loss, damages, or expenses, including but not limited to attorney's fees, incurred by Financial Institution as result of the error or issuance of duplicate Entries.

Error Detection. Financial Institution has no obligation to discover and shall not be liable to Member Client Company for errors made by Member ClientCompany, including but not limited to errors made in identifying the Receiver, Receiver or an Intermediary or RDFI or for errors in the amount of an Entry or for errors in Settlement Dates. Financial Institution shall likewise have no duty to discover and shall not be liable for duplicate Entries issued by Member ClientCompany. Notwithstanding the foregoing, if the Member Client Company discovers that any Entry it has initiated was in error, it shall notify the Financial Institution of such error. If such notice is received no later than 24 four (4) hours prior to the ACH processing receiving deadline, the Financial Institution will utilize reasonable efforts to initiate an adjusting Entry or stop payment of any On-Us” Us credit Entry within the time limits provided by the Rules. In the event that Member Client Company makes an error or issues a duplicate Entry, Member Client Company shall indemnify, defend all claims, and hold Financial Institution harmless from any loss, damages, or expenses, including but not limited to attorney's fees, fees incurred by Financial Institution as result of the error or issuance of duplicate Entries.

Error Detection. Financial Institution has no obligation to discover and shall not be liable to Member Client for errors made by Member ClientMember, including but not limited to errors made in identifying the Receiver, or an Intermediary or RDFI or for errors in the amount of an Entry or for errors in Settlement Dates. Financial Institution shall likewise have no duty to discover and shall not be liable for duplicate Entries issued by Member ClientMember. Notwithstanding the foregoing, if the Member Client discovers that any Entry it has initiated was in error, it shall notify the Financial Institution of such error. If such notice is received no later than 24 four (4) hours prior to the ACH processing receiving deadline, the Financial Institution will utilize reasonable efforts to initiate an adjusting Entry or stop payment of any On-UsOn‐Us” credit Entry within the time limits provided by the Rules. In the event that Member Client makes an error or issues a duplicate Entry, Member Client shall indemnify, defend all claims, and hold Financial Institution harmless from any loss, damages, or expenses, including but not limited to attorney's fees, incurred by Financial Institution as result of the error or issuance of duplicate Entries.