Common use of Reporting Errors in Transfers Clause in Contracts

Reporting Errors in Transfers. If Secured Party or Customer learns of any error in a funds transfer or any unauthorized funds transfer, then the party learning of such error or unauthorized transfer (the "Informed Party") must notify ▇▇▇▇▇ Fargo as soon as possible in writing at ▇▇▇▇▇ Fargo Bank, N.A., Wire Investigations, MAC 0186-068, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or by telephone at (800) AT-▇▇▇▇▇ (which is a recorded line). In no case may such notice to ▇▇▇▇▇ Fargo by an Informed Party be made more than fourteen (14) calendar days after ▇▇▇▇▇ Fargo's first confirmation of a funds transfer to such Informed Party. If a funds transfer is made in error and ▇▇▇▇▇ Fargo suffers a loss because Secured Party or Customer breached its agreement to notify ▇▇▇▇▇ Fargo of such error within this fourteen (14) calendar day period, then the party or parties which breached this agreement shall be obligated to reimburse ▇▇▇▇▇ Fargo for such loss promptly upon demand by ▇▇▇▇▇ Fargo; provided, however, that in the event both Secured Party and Customer breach this notification requirement, Secured Party shall not be obligated to reimburse ▇▇▇▇▇ Fargo for such loss unless Customer fails to satisfy ▇▇▇▇▇ Fargo's demand for such reimbursement within fifteen (15) calendar days after such demand is made on Customer.

Reporting Errors in Transfers. If Secured Party Lender or Customer Borrower learns of any error in a funds an ACH Debit transfer or any unauthorized funds transfer, then the party learning of such error or unauthorized transfer (the "“Informed Party"”) must notify ▇W▇▇▇▇ Fargo as soon as possible in writing at ▇▇▇▇▇ Fargo Bank, N.A., Wire Investigations, MAC 0186-068, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or by telephone at (800) AT-▇AT-W▇▇▇▇ (which is a recorded line), and provide written confirmation to W▇▇▇▇ Fargo of such telephonic notice within two Business Days at the address given for W▇▇▇▇ Fargo on the signature page of this Agreement. In no case may such notice to ▇W▇▇▇▇ Fargo by an Informed Party be made more than fourteen thirty (1430) calendar days after ▇W▇▇▇▇ Fargo's ’s first confirmation of a an ACH Debit transfer or other funds transfer to such Informed Party, whether such first confirmation consists of the regular monthly statement for the Lender Account or otherwise. If a funds transfer is made in error and ▇W▇▇▇▇ Fargo suffers a loss because Secured Party Lender or Customer Borrower breached its agreement to notify ▇W▇▇▇▇ Fargo of such error within this fourteen thirty (1430) calendar day period, then the party or parties which breached this agreement shall be obligated to reimburse ▇W▇▇▇▇ Fargo for such loss promptly upon demand by ▇W▇▇▇▇ Fargo; provided, however, that in the event both Secured Party Lender and Customer Borrower breach this notification requirement, Secured Party Lender shall not be obligated to reimburse ▇W▇▇▇▇ Fargo for such loss unless Customer Borrower fails to satisfy ▇W▇▇▇▇ Fargo's ’s demand for such reimbursement within fifteen (15) calendar days after such demand is made on CustomerBorrower.

Reporting Errors in Transfers. If Controlling Secured Party or Customer learns of any error in a funds transfer or any unauthorized funds transfer, then the party learning of such error or unauthorized transfer (the "Informed PartyINFORMED PARTY") must notify ▇▇▇▇▇ Wells Fargo as soon as possible in writing at ▇▇▇▇▇ Fargo Bank, N.A., Wire Investigations, MAC 0186-068, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or by telephone at (800) AT-AT-WELLS (which ▇▇ ▇ recorded line), and provide written confirmation to ▇▇▇▇▇ (which is a recorded line)s Fargo of such telephonic notice within two Business Days at the ▇▇▇▇ess given for Wells Fargo on the signature page of this Agreement. In no case may such notice to ▇▇s▇▇▇ ▇otice to Wells Fargo by an Informed Party be made more than fourteen (14) calendar days after ▇cale▇▇▇▇ days after Wells Fargo's first confirmation of a funds transfer to such Informed Party. ▇▇▇▇y. If a funds transfer is made in error and ▇▇▇▇▇ Wells Fargo suffers a loss because Controlling Secured Party or Customer breached Custo▇▇▇ ▇reached its agreement to notify ▇▇▇▇▇ Wells Fargo of such error within this fourteen (14) calendar day periodperi▇▇, then ▇hen the party or parties which breached this agreement shall be obligated to reimburse ▇▇▇▇▇ Wells Fargo for such loss promptly upon demand by Wells Fargo; provid▇▇, ▇▇▇ Fargo; provided, howeverowever, that in the event both Secured Controlling Se▇▇▇▇▇ Party and Customer breach this notification requirement, Controlling Secured Party shall not be obligated to reimburse ▇▇▇▇▇ Wells Fargo for such loss unless Customer fails to satisfy Wells Farg▇'▇ ▇▇▇▇ Fargo's demand emand for such reimbursement within fifteen (15) calendar days calen▇▇▇ ▇ays after such demand is made on Customer.

Reporting Errors in Transfers. If Secured Party Trustee or Customer learns of any error in a funds transfer or any unauthorized funds transfer, then the party learning of such error or unauthorized transfer (the "“Informed Party"”) must notify ▇▇▇▇▇ Fargo as soon as possible in writing at ▇▇▇▇▇ Fargo Bank, N.A., Wire Investigations, MAC 0186-068, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or by telephone at (800) AT-▇▇▇▇▇ (which is a recorded line), and provide written confirmation to ▇▇▇▇▇ Fargo of such telephonic notice within two Business Days at the address given for ▇▇▇▇▇ Fargo on the signature page of this Agreement. In no case may such notice to ▇▇▇▇▇ Fargo by an Informed Party be made more than fourteen (14) calendar days after ▇▇▇▇▇ Fargo's ’s first confirmation of a funds transfer to such Informed Party. If a funds transfer is made in error and ▇▇▇▇▇ Fargo suffers a loss because Secured Party the Trustee or Customer breached its agreement to notify ▇▇▇▇▇ Fargo of such error within this fourteen (14) calendar day period, then the party or parties which breached this agreement shall be obligated to reimburse ▇▇▇▇▇ Fargo for such loss promptly upon demand by ▇▇▇▇▇ Fargo; provided, however, that in the event both Secured Party the Trustee and Customer breach this notification requirement, Secured Party the Trustee shall not be obligated to reimburse ▇▇▇▇▇ Fargo for such loss unless Customer fails to satisfy ▇▇▇▇▇ Fargo's ’s demand for such reimbursement within fifteen (15) calendar days after such demand is made on Customer.