Common use of Delivery Methods Clause in Contracts

Delivery Methods. a. RBC is directed to deliver all Remittance Information to the Corporate Creditor, its financial institution or other Persons by way of EDI transmission, facsimile transmission or e-mail message or any other channel that may be delivered by RBC as specified by the Corporate Creditor in the Creditor Enrolment Form. This data and information will include, without limitation, the Corporate Creditor’s name, the Payor’s name and Payor Identifier Number, the Remittance Amount, the Payment Date and may include the date the Remittance and Remittance Amount were received by RBC. The Corporate Creditor is solely responsible to inform its financial institution, the Payors and other relevant Persons that it has instructed RBC to send the Remittance Information and Remittance using the methods noted above. Without limiting the generality of the foregoing, the Corporate Creditor acknowledges that such Remittance Amounts and Remittance Information may be delivered using unsecured methods and that privacy and confidentiality cannot be ensured and further that any unprotected e-mail communication over the Internet is, as with communication via any other medium (e.g. cellular phones, post office mail, etc.), not confidential, subject to possible interception or loss, and subject to possible alteration. b. The Corporate Creditor acknowledges and agrees that it shall use its CCIN provided to RBC only in connection with the Remittances and shall not use it for any other purposes which does, or is likely to interfere with the processing of Remittances and any other payment items. c. RBC will not be responsible for any unauthorized access to Remittance Amounts and Remittance Information or for any loss or damage suffered or incurred by the Corporate Creditor, its financial institution, the Payors or other relevant Persons with respect thereto, except where there has been negligence on the part of RBC.

Delivery Methods. a. RBC is directed to deliver all Remittance Information to the Corporate Creditor, its financial institution or other Persons by way of EDI transmission, facsimile transmission or e-mail message or any other channel that may be delivered by RBC as specified by the Corporate Creditor in the Creditor Enrolment Enrollment Form. This data and information will include, without limitation, the Corporate Creditor’s name, the Payor’s name and Payor Identifier Number, the Remittance Amount, the Payment Date and may include the date the Remittance and Remittance Amount were received by RBC. The Corporate Creditor is solely responsible to inform its financial institution, the Payors and other relevant Persons that it has instructed RBC to send the Remittance Information and Remittance using the methods noted above. Without limiting the generality of the foregoing, the Corporate Creditor acknowledges that such Remittance Amounts and Remittance Information may be delivered using unsecured methods and that privacy and confidentiality cannot be ensured and further that any unprotected e-mail communication over the Internet is, as with communication via any other medium (e.g. cellular phones, post office mail, etc.), not confidential, subject to possible interception or loss, and subject to possible alteration. b. The Corporate Creditor acknowledges and agrees that it shall use its CCIN provided to RBC only in connection with the Remittances and shall not use it for any other purposes which does, or is likely to interfere with the processing of Remittances and any other payment items. c. RBC will not be responsible for any unauthorized access to Remittance Amounts and Remittance Information or for any loss or damage suffered or incurred by the Corporate Creditor, its financial institution, the Payors or other relevant Persons with respect thereto, except where there has been negligence on the part of RBC.