Common use of Rejection of Payment Orders; Rescission of Designated Security Procedure Clause in Contracts

Rejection of Payment Orders; Rescission of Designated Security Procedure. BBH will notify the Client of BBH’s rejection of an FT Instruction. Such notice may be given in writing, electronically (including via email, BBH’s online portal InfuseTM, etc.) or orally by telephone. In the event BBH fails to execute a properly executable FT Instruction and fails to give the Client notice of BBH’s non-execution, BBH shall be liable only for the Client’s actual damages and only to the extent that such damages are recoverable under UCC 4A. BBH may decide to no longer accept FT Instructions using a particular Designated Security Procedure, or to do so only on revised terms. In such a case, BBH will provide prior written notice to the Client or such Authorized Person of such decision or revision of terms.

Rejection of Payment Orders; Rescission of Designated Security Procedure. BBH will notify the Client of BBH’s 's rejection of an FT Instruction. Such notice may be given in writing, electronically (including via email, BBH’s 's online portal InfuseTMInfuse™, etc.) or orally by telephone. In the event BBH fails to execute a properly executable FT Instruction and fails to give the Client notice of BBH’s 's non-execution, BBH shall be liable only for the Client’s 's actual damages and only to the extent that such damages are recoverable under UCC 4A. BBH may decide to no longer accept FT Instructions using a particular Designated Security Procedure, or to do so only on revised terms. In such a case, BBH will provide prior written notice to the Client or such Authorized Person of such decision or revision of terms.

Rejection of Payment Orders; Rescission of Designated Security Procedure. BBH will promptly notify the Client of BBH’s rejection of an FT Instruction. Such notice may be given in writing, electronically (including via email, BBH’s online portal InfuseTMInfuse™, etc.) or orally by telephone. In the event BBH fails to execute a properly executable FT Instruction and fails to give the Client prompt notice of BBH’s non-execution, BBH shall be liable only for the Client’s actual damages and only to the extent that such damages are recoverable under UCC 4A. BBH may decide to no longer accept FT Instructions using a particular Designated Security Procedure, or to do so only on revised terms. In such a case, BBH will provide prior written notice to the Client or such Authorized Person of such decision or revision of terms.

Rejection of Payment Orders; Rescission of Designated Security Procedure. BBH will promptly notify the Client of BBH’s rejection of an FT Instruction. Such notice may be given in writing, electronically (including via email, BBH’s online portal InfuseTMBBH Infuse, etc.) or orally by telephone. In the event BBH fails to execute a properly executable FT Instruction and fails to give the Client timely notice of BBH’s non-execution, BBH shall be liable only for the Client’s actual damages and only to the extent that such damages are recoverable under UCC 4A. BBH may decide to no longer accept FT Instructions using a particular Designated Security Procedure, or to do so only on revised terms. In such a case, BBH will provide prior written notice to the Client or such Authorized Person of such decision or revision of terms.

Rejection of Payment Orders; Rescission of Designated Security Procedure. BBH will notify the Client of BBH’s rejection of an FT Instruction. Such notice may be given in writing, electronically (including via email, BBH’s online portal InfuseTMBBH Infuse, etc.) or orally by telephone. In the event BBH fails to execute a properly executable FT Instruction and fails to give the Client notice of BBH’s non-execution, BBH shall be liable only for the Client’s actual damages and only to the extent that such damages are recoverable under UCC 4A. BBH may decide to no longer accept FT Instructions using a particular Designated Security Procedure, or to do so only on revised terms. In such a case, BBH will provide prior written notice to the Client or such Authorized Person of such decision or revision of terms.