Common use of Wire Transfer Service Clause in Contracts

Wire Transfer Service. The Wire Transfer Service allows you to initiate wire transfers from your Bank accounts. You agree to abide by the Security Procedures as part of these Terms. You may request wire transfers from those of your accounts that you designate and we approve, in the format, type, delivery method, and following the restrictions that we may impose from time to time. We may require you to designate whether you wish to initiate repetitive, non-repetitive, or both repetitive and non-repetitive wire transfers. You acknowledge that we may reject any wire transfer that does not comply with these Terms or with the parameters set by us from time to time for wire transfers. We may reject, without liability, any wire transfer, including a “Value-Dated” wire transfer, if you fail to maintain sufficient collected funds in the designated account for the amount of each wire transfer you request. A wire transfer may be cancelled or amended only if we have not transmitted the wire transfer or credited the Beneficiary’s account. To be effective, the communication canceling or amending the wire transfer must (i) comply with the agreed upon Security Procedures and with such terms and conditions as we set; and (ii) be received by us at a time and in a manner that gives us a reasonable opportunity to act on the communication. We will have no liability if cancellation or amendment is not affected. Any payment orders received after Bank’s established deadline or on any non-Business Day, including any Saturday, Sunday, holiday or any day that Bank’s wire department is not open will be considered received on the next Business Day. You acknowledge and agree that we will rely solely on the instructions received by you to process the wire transfer. Your instructions must accurately describe the transaction beneficiaries, intermediary financial institutions and the beneficiary’s financial institution. If any beneficiary or institution is described inconsistently by name and identifying number, we and other institutions have the right to process the funds transfer based solely on the number, even if the name and number do not agree. You acknowledge and agree that if your wire transfer instruction identifies the beneficiary, the beneficiary’s bank or an intermediary bank by name and an account or other identifying number, we and subsequent parties to the funds transfer may act solely on the basis on such number, even if the name and number do not match. If the wire transfer instruction describes the beneficiary, beneficiary bank or any intermediary bank inconsistently by name and number, payment of the wire transfer may be made on the basis of the account number or the bank number alone even if the number identifies a person or bank different from the named beneficiary or bank and that your obligation to pay the amount of the wire transfer is not excused in those circumstances. All wires are subject to review by us. We may reject any wire transfer instruction which (a) exceeds the available funds on deposit in your designated account(s); (b) is not authenticated to our satisfaction or which we believe may not be authorized by you; (c) contains incorrect, inconsistent, ambiguous, or missing information; or (d) involves funds which are subject to a lien, security interest, claim, hold, dispute or legal process prohibiting withdrawal. We shall notify you of any rejection or delay in processing a wire transfer debit entry. Such notification shall be on a best efforts basis the same day, but no later than the next Business Day. We shall incur no liability to you for any loss occasioned by our refusal, with or without notice to you, to honor any wire transfer instruction. You shall not submit a wire transfer on behalf of a third party without our prior written consent. Bank may use any means of transmission, funds transfer system, intermediary bank, clearinghouse or route that Bank reasonably believes is suitable for each outgoing wire transfer.

Wire Transfer Service. The Wire Transfer Service allows Services permits you to set up and initiate wire funds transfers from your Accounts with us to deposit accounts with other financial institutions, other than through the automated clearing house or “ACH” network (collectively, “Payment Orders”). The Bank accountsmay, at its discretion, propose additional or enhanced security procedures to you. You understand and agree that if you decline to abide use any such additional or enhanced procedures; you will be liable for any losses that would have been prevented by such procedures. Notwithstanding any other provision of this Agreement, if we believe immediate action is required for the Security Procedures security of Bank or Customer funds, we may initiate additional security procedures immediately and provide prompt notice thereof to you. Customer hereby acknowledges that the security procedures are neither designed nor intended to detect errors in the content or verify the contents of a Payment Order submitted to Bank by you. Accordingly, any errors contained in a Payment Order from Customer shall be your responsibility, and you shall be obligated to pay or repay (as part the case may be) the amount of these Termsany instruction. No security procedure for the detection of any such Customer error has been agreed upon between Bank and Customer. Customer is strictly responsible for establishing, implementing, maintaining, and (as appropriate) periodically updating commercially reasonable security procedures to safeguard against the unauthorized transmission or approval of Payment Order instructions to the Bank. Customer shall prevent and safeguard against unauthorized instructions, disclosures and access to security-related items, such as security procedures, instructions, passwords, and user identifications, and systems and equipment that interface with, connect to or allow access to Bank, its information systems and equipment. You may request wire transfers from those authorize us to receive, execute and charge the Account identified in your Transfer Instructions to us for any Payment Order you send us. Upon receipt of your accounts that you designate a Payment Order, the Bank may, but is not obligated to, execute the instruction in accordance with the terms of this Cash Management Online Services Agreement and we approve, debit the designated account for the corresponding amount. If a Payment Order exceeds the transaction limits set forth in the format, type, delivery method, and following the restrictions that we Customer's Cash Management Application (as it may impose from time to time. We may require you to designate whether you wish to initiate repetitive, non-repetitive, or both repetitive and non-repetitive wire transfers. You acknowledge that we may reject any wire transfer that does not comply with these Terms or with the parameters set be modified by us from time to time for wire transferstime), we reserve the right to refuse to process the Payment Order. You and Bank agree that we may authenticate any Payment Orders by telephoning one of the Authorized Administrators designated under the Administrator Assignment section of this agreement. We may reject, without liability, any wire transfer, including not effect a “Value-Dated” wire transferPayment Order if we are unable to obtain authentication of such Payment Order satisfactory to us, if there is any inconsistency between a Payment Order and information previously supplied to us, if such Payment Order is not initiated in conformity with the terms of this Cash Management Online Services Agreement, if the funds transfer requested by the Payment Order is prohibited as a result of court order, garnishment, tax levy or the like, or if we reasonably believe that execution of the Payment Order may result in an unauthorized or erroneous transfer of funds or might otherwise cause us to suffer a loss. We shall be entitled to rely on any communication, instrument or document we believe in good faith to be genuine and correct and to have been given, signed or sent by you fail and shall not be liable to maintain sufficient you for the consequences of such reliance. If any Payment Order exceeds the balance of collected funds in the designated account for the amount of each wire transfer Account you request. A wire transfer may be cancelled or amended only if we have not transmitted the wire transfer or credited the Beneficiary’s account. To be effective, the communication canceling or amending the wire transfer must (i) comply with the agreed upon Security Procedures and with such terms and conditions as we set; and (ii) be received by us at a time and in a manner that gives us a reasonable opportunity to act on the communication. We will have no liability if cancellation or amendment is not affected. Any payment orders received after Bank’s established deadline or on any non-Business Day, including any Saturday, Sunday, holiday or any day that Bank’s wire department is not open will be considered received on the next Business Day. You acknowledge and agree that we will rely solely on the instructions received by you to process the wire transfer. Your instructions must accurately describe the transaction beneficiaries, intermediary financial institutions and the beneficiary’s financial institution. If any beneficiary or institution is described inconsistently by name and identifying numberdesignate, we and other institutions have the right to process the need not make such funds transfer based solely on the number, even if the name and number do not agree. You acknowledge and agree that if your wire transfer instruction identifies the beneficiary, the beneficiary’s bank or an intermediary bank by name and an account or other identifying number, we and subsequent parties to the funds transfer may act solely on the basis on such number, even if the name and number do not match. If the wire transfer instruction describes the beneficiary, beneficiary bank or any intermediary bank inconsistently by name and number, payment of the wire transfer may be made on the basis of the account number or the bank number alone even if the number identifies a person or bank different from the named beneficiary or bank and that your obligation to pay the amount of the wire transfer is not excused in those circumstances. All wires are subject to review by us. We may reject any wire transfer instruction which (a) exceeds the available funds on deposit in your designated account(s); (b) is not authenticated to our satisfaction or which we believe may not be authorized by you; (c) contains incorrect, inconsistent, ambiguous, or missing information; or (d) involves funds which are subject to a lien, security interest, claim, hold, dispute or legal process prohibiting withdrawal. We shall notify you of any rejection or delay in processing a wire transfer debit entry. Such notification shall be on a best efforts basis the same day, but no later than the next Business Day. We shall incur no liability to you for any loss occasioned such inaction. If we elect to make such a transfer, you shall remain liable for all amounts transferred, including funds transferred in excess of the collected balances in the Account. If funds are transferred in U.S. dollars to a non-U.S. dollar account, the payment may be converted into the local currency by our refusalan originating, with intermediary, or without notice to youreceiving bank, to honor any wire transfer instruction. You shall not submit a wire transfer on behalf of a third party without our prior written consent. Bank may use any means of transmission, funds transfer payment system, intermediary bankor service provider, clearinghouse including the Bank or route that its affiliates. The Bank reasonably believes is suitable or its affiliates may apply a markup or fee to the currency conversion and may profit from the transaction. ONCE YOU COMMIT TO AN FX (FOREIGN EXCHANGE) WIRE, THE TRANSACTION IS DEEMED FINAL AND CANNOT BE CANCELED, AMENDED, OR REVERSED UNDER ANY CIRCUMSTANCES. INITIAL We may charge any Account you maintain with us at any time for each outgoing wire transferpayment of the Payment Order and related fees, costs and expenses. CUSTOMER ACKNOWLEDGES AND AGREES THAT BANK POLICY REQUIRES THE CUSTOMER’S USE OF “DUAL CONTROL” AS AN ADDITIONAL LAYER OF SECURITY FOR PAYMENT ORDERS TRANSMITTED USING THE CASH MANAGEMENT ONLINE SERVICES SYSTEM. DUAL CONTROL REQUIRES SECONDARY AUTHORIZATION BY THE CUSTOMER BEFORE A PAYMENT ORDER IS RELEASED. IF CUSTOMER DECLINES THE USE OF DUAL CONTROL AND/OR ANY OTHER REQUIRED SECURITY PROCEDURES, THE CUSTOMER MUST ACKNOWLEDGE AND SIGN THEIR INITIAL ON THE CASH MANAGEMENT SERVICE AGREEMENT APPLICATION FORM. THIS WAIVER STATEMENT MUST BE SIGNED BEFORE INITIATING ANY FUTURE PAYMENT ORDERS THROUGH THE BANK.

Wire Transfer Service. The Wire Transfer Service allows you to initiate wire transfers from your Bank accounts. You agree to abide by the Security Procedures as part of these Terms. You may request wire transfers from those of your accounts that you designate and we approve, in the format, type, delivery method, and following the restrictions that we may impose from time to time. We may require you to designate whether you wish to initiate repetitive, non-repetitive, or both repetitive and non-repetitive wire transfers. You acknowledge that we may reject any wire transfer that does not comply with these Terms or with the parameters set by us from time to time for wire transfers. We may reject, without liability, any wire transfer, including a “Value-Dated” wire transfer, if you fail to maintain sufficient collected funds in the designated account for the amount of each wire transfer you request. A wire transfer may be cancelled or amended only if we have not transmitted the wire transfer or credited the Beneficiary’s account. To be effective, the communication canceling or amending the wire transfer must (i) comply with the agreed upon Security Procedures and with such terms and conditions as we set; and (ii) be received by us at a time and in a manner that gives us a reasonable opportunity to act on the communication. We will have no liability if cancellation or amendment is not affected. Any payment orders received after Bank’s established deadline or on any non-Business Day, including any Saturday, Sunday, holiday holiday, or any day that Bank’s wire department is not open will be considered received on the next Business Day. You acknowledge and agree that we will rely solely on the instructions received by you to process the wire transfer. Your instructions must accurately describe the transaction beneficiaries, intermediary financial institutions institutions, and the beneficiary’s financial institution. If any beneficiary or institution is described inconsistently by name and identifying number, we and other institutions have the right to process the funds transfer based solely on the number, even if the name and number do not agree. If you provide us with instructions that are incorrect in any way, you agree that we may charge your accounts for the transaction whether or not the error could have been detected by us. We are not obligated to detect errors in your instructions. You acknowledge and agree that if your wire transfer instruction identifies the beneficiary, the beneficiary’s bank or an intermediary bank by name and an account or other identifying number, we and subsequent parties to the funds transfer may act solely on the basis on such number, even if the name and number do not match. If the wire transfer instruction describes the beneficiary, beneficiary bank or any intermediary bank inconsistently by name and number, payment of the wire transfer may be made on the basis of the account number or the bank number alone even if the number identifies a person or bank different from the named beneficiary or bank and that your obligation to pay the amount of the wire transfer is not excused in those circumstances. All wires are subject to review by us. We may reject any wire transfer instruction which (a) exceeds the available funds on deposit in your designated account(s); (b) is not authenticated to our satisfaction or which we believe may not be authorized by you; (c) contains incorrect, inconsistent, ambiguous, or missing information; or (d) involves funds which are subject to a lien, security interest, claim, hold, dispute or legal process prohibiting withdrawal. We shall notify you of any rejection or delay in processing a wire transfer debit entry. Such notification shall be on a best efforts basis the same day, but no later than the next Business Day. We shall incur no liability to you for any loss occasioned by our refusal, with or without notice to you, to honor any wire transfer instruction. You shall not submit a wire transfer on behalf of a third third-party without our prior written consent. Bank may use any means of transmission, funds transfer system, intermediary bank, clearinghouse clearinghouse, or route that Bank reasonably believes is suitable for each outgoing wire transfer.

Wire Transfer Service. The Wire Transfer Service allows you to initiate wire transfers from your Bank accounts. You agree to abide by the Security Procedures as part of these Terms. You may request wire transfers from those of your accounts that you designate and we approve, in the format, type, delivery method, and following the restrictions that we may impose from time to time. We may require you to designate whether you wish to initiate repetitive, non-repetitive, or both repetitive and non-repetitive wire transfers. You acknowledge that we may reject any wire transfer that does not comply with these Terms or with the parameters set by us from time to time for wire transfers. We may reject, without liability, any wire transfer, including a “Value-Dated” wire transfer, if you fail to maintain sufficient collected funds in the designated account for the amount of each wire transfer you request. A wire transfer may be cancelled or amended only if we have not transmitted the wire transfer or credited the Beneficiary’s account. To be effective, the communication canceling or amending the wire transfer must (i) comply with the agreed upon Security Procedures and with such terms and conditions as we set; and (ii) be received by us at a time and in a manner that gives us a reasonable opportunity to act on the communication. We will have no liability if cancellation or amendment is not affected. Any payment orders received after Bank’s established deadline or on any non-Business Day, including any Saturday, Sunday, holiday holiday, or any day that Bank’s wire department is not open will be considered received on the next Business Day. You acknowledge and agree that we will rely solely on the instructions received by you to process the wire transfer. Your instructions must accurately describe the transaction beneficiaries, intermediary financial institutions institutions, and the beneficiary’s financial institution. If any beneficiary or institution is described inconsistently by name and identifying number, we and other institutions have the right to process the funds transfer based solely on the number, even if the name and number do not agree. You acknowledge and agree that if your wire transfer instruction identifies the beneficiary, the beneficiary’s bank or an intermediary bank by name and an account or other identifying number, we and subsequent parties to the funds transfer may act solely on the basis on such number, even if the name and number do not match. If the wire transfer instruction describes the beneficiary, beneficiary bank or any intermediary bank inconsistently by name and number, payment of the wire transfer may be made on the basis of the account number or the bank number alone even if the number identifies a person or bank different from the named beneficiary or bank and that your obligation to pay the amount of the wire transfer is not excused in those circumstances. All wires are subject to review by us. We may reject any wire transfer instruction which (a) exceeds the available funds on deposit in your designated account(s); (b) is not authenticated to our satisfaction or which we believe may not be authorized by you; (c) contains incorrect, inconsistent, ambiguous, or missing information; or (d) involves funds which are subject to a lien, security interest, claim, hold, dispute or legal process prohibiting withdrawal. We shall notify you of any rejection or delay in processing a wire transfer debit entry. Such notification shall be on a best efforts basis the same day, but no later than the next Business Day. We shall incur no liability to you for any loss occasioned by our refusal, with or without notice to you, to honor any wire transfer instruction. You shall not submit a wire transfer on behalf of a third third-party without our prior written consent. Bank may use any means of transmission, funds transfer system, intermediary bank, clearinghouse clearinghouse, or route that Bank reasonably believes is suitable for each outgoing wire transfer.