Honoring Transfers Sample Clauses

Honoring Transfers. Bank will execute any wire transfer request authenticated using the Security Procedures, if accepted, on the date transmitted, provided that South State receives a Not In Person request (a) for domestic transfers, before 4:00 p.m. prevailing Eastern Time, (b) for International Transfers, before 3:30 p.m. prevailing Eastern Time, or (c) for either domestic or International Transfers, through Treasury Navigator, by 5:00 p.m. prevailing Eastern Time (these times are referred to herein as the “Cutoff Time”) or such other Cutoff Time as Bank may hereafter establish, on a business day for Bank, the applicable wire transfer system and the receiving financial institution. We will honor a request for a wire transfer only if the individual making the request provides us with the information required by our procedures for the Wire Transfer Service. We reserve the right to use any wire transfer system we select to effect the requested transfers. Bank may also, at its sole discretion, select the order in which to execute multiple pending wire transfer requests. We will be under no obligation to honor, either in whole or in part, any wire transfer request: (a) which exceeds collected funds in the deposit Account with us; (b) which we are not able to verify through the use of the Security Procedures or otherwise; (c) which is not in accordance with this Agreement, or any other condition indicated by you and agreed to by us; or (d) which is not in accordance with the Account Agreements governing the Account. Notwithstanding the foregoing, Bank, in its sole discretion and without any obligation to do so, may choose to honor a wire transfer request which may be drawn on uncollected funds or which will result in an overdraft in Customer’s Account with Bank, and in such instance, Customer will be liable to Bank for the amount of such uncollected funds drawn upon or such overdraft plus any additional charges and expenses as provided by the Account Agreements and Fee Schedule governing such Account, including reasonable attorney’s fees and costs of collection, if applicable. Bank’s election to honor any such wire transfer request will not affect Bank’s right to refuse to honor any one or more subsequent or other wire transfer request. In any case, if Customer fails to pay in accordance with the Agreement, Bank shall be entitled to request cancellation of the transfer, or to undertake any other legal means to collect the amount of the transfer if unable to cancel, including exer...