Common use of Rightful Payment and Dishonor Clause in Contracts

Rightful Payment and Dishonor. a. If the bank honors an Exception Check in accordance with a pay default option, or in accordance with a Pay Request from the Customer, such honor will be rightful, and the Customer waives any right it may have under UCC 4-401.

Rightful Payment and Dishonor. a. 1. If the bank honors an Exception Check Item in accordance with a pay default optionthis Agreement, or in accordance with a Pay Request from the Customer, such honor will be rightful, and the Customer waives any right it may have under UCC 4-401.