Common use of Summary and Definitions Clause in Contracts

Summary and Definitions. The following rules shall apply to all wire transfer services provided by the Credit Union. This Wire Transfer Agreement supersedes any inconsistent terms contained in any other or prior agreements and any previous Wire Transfer Notice or Request. This Agreement governs the movement of funds by means of funds transfers defined in Article 4A of the Uniform Commercial Code (UCC), and Subpart B of Regulation J of the Board of Governors of the Federal Reserve System (generally referred to as “Fedwire” or “wholesale” wire transfers). This Agreement does not apply to any transaction or any part of any transaction governed by the Electronic Funds Transfer Act and Regulation E except as expressly provided otherwise in the Electronic Funds Transfer Act and Regulation E. Further, to the extent that this Agreement varies from any provision of Article 4A or Regulation J, this Agreement shall govern except where specifically prohibited by applicable law. This Wire Transfer Agreement is subject to modification, amendment and/or termination upon the lesser of five (5) days written notice to you or such other notice specifically required by applicable law.