Common use of Notice of Rejection Clause in Contracts

Notice of Rejection. We may refuse any transfer or other instruction without cause or prior notice. If we reject your transfer order, we generally will attempt to notify you of the rejection orally or in writing within three business days. We are not liable to you for any rejection, and we are not obligated to pay you interest for any period before you receive the notice of rejection. When a transfer which we have initiated is rejected by someone else, we generally will attempt to notify you of such rejection orally or in writing within three business days following the day that we receive notice of the rejection. We will not be responsible for any loss, including interest, which you may claim as a result of your late receipt of a rejection notice.

Notice of Rejection. We may refuse any transfer transfer, payment or other instruction without cause or prior notice. If we reject your transfer or payment order, we generally will attempt to notify you of the rejection orally or in writing within three business days. We are not liable to you for any rejection, and we are not obligated to pay you interest for any period before you receive the notice of rejection. When a transfer or payment order which we have initiated is rejected by someone else, we generally will attempt to notify you of such rejection orally or in writing within three business days following the day that we receive notice of the rejection. We will not be responsible for any loss, including interest, which you may claim as a result of your late receipt of a rejection notice.