Processing Errors. Each Manufacturer and each Distributor shall be responsible for processing errors made by it in respect of any Specified Instruction. Those processing errors will be corrected in accordance with any agreement between the applicable Manufacturer and Distributor and in accordance with Applicable Laws and accepted industry standards. For greater certainty, any instruction received by a Manufacturer from a Distributor relating to an electronic transfer of funds to a bank account other than the bank account of the applicable client will be considered to be a processing error made by the Distributor.
Appears in 2 contracts
Sources: Electronic Processing Agreement, Electronic Processing Agreement