Common use of Reporting of Errors Clause in Contracts

Reporting of Errors. Client acknowledges that it is not possible for Services provided by Bank hereunder to be free of operator, program or equipment error, and that errors in processing and compiling Account data may occasionally occur, requiring adjustments. As such Client agrees to review and verify all results and to maintain adequate controls for insuring both the accuracy of data transmissions and the detection of errors. Unless otherwise required by law Bank’s sole responsibility for reporting errors caused by Bank will be to reprocess information and reports for the applicable period and to submit corrected reports at its own expense to Client.

Appears in 2 contracts

Samples: Treasury Management Services Agreement, Treasury Management Services Agreement

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Reporting of Errors. Client The Customer acknowledges that it is not possible for Services provided by the Bank hereunder to be free of operator, program or equipment error, and that errors in processing and compiling Account account data may occasionally occur, requiring adjustments. As such Client such, the Customer agrees to review and verify all results and to maintain adequate controls for insuring both the accuracy of data transmissions and the detection of errors. Unless otherwise required by law law, the Bank’s sole responsibility for reporting errors caused by Bank it will be to reprocess information and reports for the applicable period in question and to submit corrected reports at its own expense to Clientthe Customer.

Appears in 1 contract

Samples: Management Services Agreement

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Reporting of Errors. Client Customer acknowledges that it is not possible for Services provided by Bank hereunder to be free of operator, program or equipment error, and that those errors in processing and compiling Account account data may occasionally occur, requiring adjustments. As such Client such, Customer agrees to review and verify all results and to maintain adequate controls for insuring both the accuracy of data transmissions and the detection of errors. Unless otherwise required by law law, Bank’s sole responsibility for reporting errors caused by Bank it will be to reprocess information and reports for the applicable period in question and to submit corrected reports at its own expense to ClientCustomer.

Appears in 1 contract

Samples: Treasury Management Services

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