Customer is solely responsible for the accuracy and completeness of each Instruction and Payment Order sent to Bank in connection with this Service and shall be solely liable for any error or omission in any Instruction or Payment Order or any other information that Customer provides to Bank in connection with the Service.įollowing Bank’s receipt and acceptance of a Payment Order, Bank will execute such Payment Order subject to the terms of the Agreement, including, but not limited to, the requirement that: (a) such Payment Order is received containing all information required by Bank (b) such Payment Order is received in the format and through the Channels or other transmission method required or permitted by Bank and (c) if required by Bank, Customer has paid Bank for the amount of the Payment Order, including Bank’s Fees and any other applicable charges. Customer is responsible for obtaining any authorization necessary, including under Applicable Laws, for the beneficiary designated by Customer to receive payment by wire transfer. Customer agrees to provide all information that Bank may require, specify, or request in connection with a Payment Order. The formats and Channels or other method(s) of transmission of Payment Orders shall be agreed upon between Bank and Customer during the implementation process. Bank shall be entitled to deem any person having knowledge of any Security Procedures assigned to Customer and required to initiate Payment Orders using the Service to be a User, including any Administrator. Users shall be authorized to originate and/or approve Payment Orders on behalf of Customer within the parameters designated in the Operational Instructions, subject to any other limitations, restrictions or requirements imposed by Bank in its sole discretion. Authorized Representatives may also designate Users by completing the necessary Operational Instructions. Any reference to the Agreement herein shall be deemed to include these Service Terms.Īs part of the implementation process, Customer must designate its Administrator(s) in the Operational Instructions, and any such Administrator(s) shall establish Users for the Service. Unless otherwise defined herein, any capitalized terms shall have the meaning as set forth in the Agreement, the Operating Rules or Article 4A of the UCC, as applicable. In the event of a conflict between these Service Terms and other terms in the Agreement, these Service Terms shall control. The Service is also subject to the General Provisions of the Treasury Management Terms and Conditions Agreement (the “Agreement”) as if fully incorporated herein and all Applicable Laws. Each such Instruction shall be deemed Customer’s Payment Order. These Wire Transfer Service Terms (the “Service Terms”) set forth the terms and conditions under which Customer may issue Instructions to have Bank initiate electronic funds transfers from an Account for credit or payment to another Account, or to an account at another financial institution (including such transfer made by Fedwire, SWIFT, or other electronic funds transfer system – excluding any ACH system) or internal Bank transfer, as designated by Customer in each such Instruction received by Bank (the “Service”).
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