Common use of Rejection of Entries Clause in Contracts

Rejection of Entries. Customer agrees that Bank has no obligation to accept Entries and therefore may reject any Entry issued by Customer without liability to Customer. Bank has no obligation to notify Customer of the rejection of an Entry but Bank may do so at its option. Bank shall not have any liability to Customer for rejection of an Entry and shall not be liable to pay interest to Customer even if the amount of Customer's payment order is fully covered by a withdrawable credit balance in an Authorized Account of Customer or Bank has otherwise received full payment from Customer.

Rejection of Entries. Customer agrees that Bank has no obligation to accept Entries and therefore may reject any Entry issued by Customer without liability to Customer. Bank has no obligation to notify Customer of the rejection of an Entry but Bank may do so at its option. Bank shall not have any no liability to Customer for rejection of an Entry and shall not be liable to pay interest to Customer even if the amount of Customer's payment order is fully covered by a withdrawable credit balance in an Authorized a Designated Account of Customer or Bank has otherwise received full payment from Customer.