Common use of Reporting Errors Clause in Contracts

Reporting Errors. The Company has sole audit responsibility for determining and ensuring the accuracy and validity of information, data, entries, and processing services. The Company must promptly report in writing any non-receipt of statements or other regular reports and any error in connection with any services covered by this Agreement and any discrepancy between the Company’s records of its orders and requests (including wire and ACH payment orders) and the notices the Company receives from the Bank regarding the Bank’s execution of the Company’s orders and requests. The Company agrees that thirty (30) days is a reasonable time for the Company to notify the Bank of discrepancies, including unauthorized and erroneous payment orders, unless any other portion of this Agreement, or any other applicable document, agreement or Law provides for a shorter notification time, in which case such shorter time shall apply. The Company agrees to provide the Bank with all information it reasonably requests in connection with any discrepancy. This Section does not modify the Bank’s Rules and Regulations Governing Deposit Accounts notification requirements regarding checks paid without a properly authorized signature or errors or discrepancies other than those specifically related to a service covered by this Agreement.