Common use of Instructions or Changes Clause in Contracts

Instructions or Changes. By complying with our authorization and security procedure, you authorize and direct us to debit your Account and transfer the funds. We may handle payment orders received from you and other customers in any order selected by us, unless otherwise instructed by you. The transfer of funds may be affected through any one, or a series of, correspondent banks of the beneficiary’s bank in a manner deemed most appropriate and effective by us or by any other bank participating in the funds transfer. If you as the originator of the payment order require us to use a specific intermediary bank and the intermediary bank fails, you agree that you will nonetheless be obliged to pay your payment order and we will have no liability for any loss resulting from the failure of the intermediary bank. We will have the maximum protection afforded under applicable law in the event of a failure of a bank that is a party to a funds transfer.

Instructions or Changes. By complying with our authorization and security procedure, you authorize and direct us to debit your Account and transfer the funds. We may handle payment orders received from you and other customers in any order selected by us, unless otherwise instructed by youyou and agreed to by us. The transfer of funds may be affected through any one, or a series of, correspondent banks of the beneficiary’s bank in a manner deemed most appropriate and effective by us or by any other bank participating in the funds transfer. If you as the originator of the payment order require us to use a specific intermediary bank and the intermediary bank fails, you agree that you will nonetheless be obliged to pay your payment order and we will have no liability for any loss resulting from the failure of the intermediary bank. We will have the maximum protection afforded under applicable law in the event of a failure of a bank that is a party to a funds transfer.