Common use of LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS Clause in Contracts

LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS. If the EFT information changes after submission of correct EFT information, Buyer shall begin using the changed EFT information no later than 30 days after its receipt by the designated office to the extent payment is made by EFT. However, Supplier may request that no further payments be made until the updated EFT information is implemented by the payment office. If such suspension would result in a late payment, Supplier 's request for suspension shall extend the due date for payment by the number of days of the suspension. If an uncompleted or erroneous transfer occurs because Buyer used the Supplier EFT information incorrectly, Xxxxx remains responsible for making a correct payment and recovering any erroneously directed funds. If an uncompleted or erroneous transfer occurs because the Supplier EFT information was incorrect, or was revised within 30 days of Buyer release of the EFT payment transaction instruction to the Federal Reserve System, and- • If the funds are no longer under the control of the payment office, Buyer is deemed to have made payment and Supplier is responsible for recovery of any erroneously directed funds; or • If the funds remain under the control of the payment office, Buyer shall not make payment and the provisions of the first paragraph shall apply.

LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS. If the EFT information changes after submission of correct EFT information, the Buyer shall begin using the changed EFT information no later than 30 days after its receipt by the designated office to the extent payment is made by EFT. However, the Supplier may request that no further payments be made until the updated EFT information is implemented by the payment office. If such suspension would result in a late payment, the Supplier 's request for suspension shall extend the due date for payment by the number of days of the suspension. If an uncompleted or erroneous transfer occurs because the Buyer used the Supplier EFT information incorrectly, Xxxxx the Buyer remains responsible for making for- • Making a correct payment and recovering payment; • Recovering any erroneously directed funds. If an uncompleted or erroneous transfer occurs because the Supplier EFT information was incorrect, or was revised within 30 days of Buyer release of the EFT payment transaction instruction to the Federal Reserve System, and- • If the funds are no longer under the control of the payment office, the Buyer is deemed to have made payment and the Supplier is responsible for recovery of any erroneously directed funds; or • If the funds remain under the control of the payment office, the Buyer shall not make payment and the provisions of the first paragraph shall apply.

LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS. If the EFT information changes after submission of correct EFT information, Buyer shall begin using the changed EFT information no later than 30 days after its receipt by the designated office to the extent payment is made by EFT. However, Supplier may request that no further payments be made until the updated EFT information is implemented by the payment office. If such suspension would result in a late payment, Supplier 's request for suspension shall extend the due date for payment by the number of days of the suspension. If an uncompleted or erroneous transfer occurs because Buyer used the Supplier EFT information incorrectly, Xxxxx remains responsible for making a correct payment and recovering any erroneously directed funds. If an uncompleted or erroneous transfer occurs because the Supplier EFT information was incorrect, or was revised within 30 days of Buyer release of the EFT payment transaction instruction to the Federal Reserve System, and- •  If the funds are no longer under the control of the payment office, Buyer is deemed to have made payment and Supplier is responsible for recovery of any erroneously directed funds; or •  If the funds remain under the control of the payment office, Buyer shall not make payment and the provisions of the first paragraph shall apply.

LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS. If the EFT information changes after submission of correct EFT information, Buyer shall begin using the changed EFT information no later than 30 days after its receipt by the designated office to the extent payment is made by EFT. However, Supplier may request that no further payments be made until the updated EFT information is implemented by the payment office. If such suspension would result in a late payment, Supplier 's request for suspension shall extend the due date for payment by the number of days of the suspension. If an uncompleted or erroneous transfer occurs because Buyer used the Supplier EFT information incorrectly, Xxxxx remains responsible for making a correct payment and recovering any erroneously directed funds. If an uncompleted or erroneous transfer occurs because the Supplier EFT information was incorrect, or was revised within 30 days of Buyer release of the EFT payment transaction instruction to the Federal Reserve System, and- • x If the funds are no longer under the control of the payment office, Buyer is deemed to have made payment and Supplier is responsible for recovery of any erroneously directed funds; or • x If the funds remain under the control of the payment office, Buyer shall not make payment and the provisions of the first paragraph shall apply.

LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS. If the EFT information changes after submission of correct EFT information, the Buyer shall begin using the changed EFT information no later than 30 days after its receipt by the designated office to the extent payment is made by EFT. However, the Supplier may request that no further payments be made until the updated EFT information is implemented by the payment office. If such suspension would result in a late payment, Supplier 's the Supplier’s request for suspension shall extend the due date for payment by the number of days of the suspension. If an uncompleted or erroneous transfer occurs because the Buyer used the Supplier EFT information incorrectly, Xxxxx the Buyer remains responsible for making for- • Making a correct payment and recovering payment; • Recovering any erroneously directed funds. If an uncompleted or erroneous transfer occurs because the Supplier EFT information was incorrect, or was revised within 30 days of Buyer release of the EFT payment transaction instruction to the Federal Reserve System, and- • If the funds are no longer under the control of the payment office, the Buyer is deemed to have made payment and the Supplier is responsible for recovery of any erroneously directed funds; or • If the funds remain under the control of the payment office, the Buyer shall not make payment and the provisions of the first paragraph shall apply.

LIABILITY FOR UNCOMPLETED OR ERRONEOUS TRANSFERS. If the EFT information changes after submission of correct EFT information, the Buyer shall begin using the changed EFT information no later than 30 days after its receipt by the designated office to the extent payment is made by EFT. However, the Supplier may request that no further payments be made until the updated EFT information is implemented by the payment office. If such suspension would result in a late payment, the Supplier 's request for suspension shall extend the due date for payment by the number of days of the suspension. If an uncompleted or erroneous transfer occurs because the Buyer used the Supplier EFT information incorrectly, Xxxxx the Buyer remains responsible for making for- • Making a correct payment and recovering payment; • Recovering any erroneously directed funds. If an uncompleted or erroneous transfer occurs because the Supplier EFT information was incorrect, or was revised within 30 days of Buyer release of the EFT payment transaction instruction to the Federal Reserve System, and- • If the funds are no longer under the control of the payment office, the Buyer is deemed to have made payment and the Supplier is responsible for recovery of any erroneously directed funds; or • If the funds remain under the control of the payment office, the Buyer shall not make payment and the provisions of the first paragraph shall apply.