Common use of Unauthorized Transactions and Other Errors Clause in Contracts

Unauthorized Transactions and Other Errors. We will provide you with electronic notifications describing each Payment Order paid or executed on behalf of you. Such notifications will be made available no later than the business day following the day of execution or payment to a beneficiary of the Payment Order or as determined by us in our discretion. You shall notify us of any discrepancy between the Payment Order and the related funds transfer, or of any unauthorized transaction or other error on the next business day following receipt of any notification or within 14 calendar days of the delivery or mailing by us (whichever occurs first) of any periodic statement of account relating to the Authorized Account, whichever is earlier, which time limits you agree are reasonable. If notification of an unauthorized transaction or other error is communicated orally, it shall be confirmed promptly in writing. You will be deemed to have received any advices and statements of account that are mailed by us three business days after such mailing. We shall have no liability to you for any loss or damage sustained by you arising out of any Payment Order referenced in a statement of account for the Authorized Account or in an individual notification, and no legal proceeding or action shall be brought by you against us to recover such loss or damage, unless (a) you have provided the written notice as provided for herein, and (b) such legal proceeding or action shall be commenced within the period established by UCC 4A. You waive any right to seek or enforce payment of attorneys’ fees related thereto.

Unauthorized Transactions and Other Errors. We will Bank shall provide you Customer with electronic notifications advices describing each Payment Order Wire Transfer paid or executed on behalf of youCustomer. Such notifications will advices shall be made available no mailed not later than the business day Business Day following the day of execution or payment to a beneficiary of the Payment Order a Wire Transfer or as determined by us Bank in our its discretion. You Customer shall notify us Bank of any discrepancy between the Payment Order Wire Transfer and the related funds wire transfer, or of any unauthorized transaction or other error on the next business day Business Day following receipt of any notification advice or within 14 30 calendar days of the delivery or mailing by us Bank (whichever occurs first) of any periodic statement of account relating to the Authorized Designated Account, whichever is earlier, which time limits you agree Customer agrees are reasonable. If notification of an unauthorized transaction or other error is communicated orally, it shall be confirmed promptly in writing. You Customer will be deemed to have received any advices and statements of account that are mailed by us three business days Bank five (5) Business Days after such mailing. We Bank shall have no liability to you Customer for any loss or damage sustained by you Customer arising out of any Payment Order Wire Transfer referenced in a statement of account for the Authorized Designated Account or in an individual notificationadvice, and no legal proceeding or action shall be brought by you Customer against us Bank to recover such loss or damage, unless (a) you Customer shall have provided given the written notice as provided for herein, and (b) such legal proceeding or action shall be commenced within the period established by UCC 4A. You waive Customer waives any right to seek or enforce payment of attorneys’ fees related thereto.