Common use of Information Processing and Reporting Clause in Contracts

Information Processing and Reporting. We are not responsible for determining the accuracy, timeliness or completeness of any information that you, your agents or others provide to us. We will not have a duty to interpret the content of any data, documents or other information that you have transmitted to us, except to the limited extent set forth in this Deposit Agreement. Unless otherwise expressly agreed in writing, we will not be required (by means of any Security Procedure or otherwise) to detect errors in the transmission or content of any information we receive from you or your agents. Our sole responsibility for any reporting errors caused by us will be to reprocess the information for the period in question and to provide corrected reports at our own expense. You agree to maintain adequate backup files of the data you submit for a reasonable period of time in order to facilitate any needed reconstruction of your transactions (e.g., in the event of a telecommunication failure). If we are unable to provide a service for any reason, we will inform you of the problem and will take commercially reasonable steps to resume the service.