Erroneous Instructions Sample Clauses

The Erroneous Instructions clause defines how parties should handle situations where one party provides incorrect, unclear, or incomplete instructions related to the performance of contractual obligations. Typically, this clause requires the receiving party to notify the instructing party upon discovering the error and may suspend performance until corrected instructions are provided. Its core function is to prevent misunderstandings and potential disputes by ensuring that both parties act on accurate and complete information, thereby reducing the risk of mistakes and associated liabilities.
Erroneous Instructions. Client agrees that to the fullest extent permitted by Applicable Law, Bank will not be liable for any instruction, Payment Order, Transfer, amendment or cancellation thereof, or any loss arising therefrom, erroneously transmitted by Client or anyone authorized or purporting to be authorized by Client hereunder or containing an error in content as provided by Client or anyone authorized or purporting to be authorized by Client hereunder, if such instruction or Payment Order was accepted by Bank in good faith and originated using Access Credentials and Security Procedures assigned to Client, regardless of whether Bank followed the Security Procedures agreed upon herein or any application
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Erroneous Instructions. If we receive a payment instruction from you or from use of your Code, and the instruction is erroneous in any way, we shall have no obligation or liability for the error, except as provided by law, including any fees or charges that you may owe as a result of such error, provided that we have acted as instructed by you and in accordance with applicable laws.
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Erroneous Instructions. YOU AGREE THAT TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BANK WILL NOT BE LIABLE FOR ANY INSTRUCTION, FUNDS TRANSFER ORDER, AMENDMENT OR CANCELLATION, OR ANY LOSS ARISING THEREFROM, ERRONEOUSLY TRANSMITTED BY YOU OR ANYONE AUTHORIZED BY YOU HEREUNDER OR CONTAINING AN ERROR IN CONTENT AS PROVIDED BY YOU OR ANYONE AUTHORIZED BY YOU HEREUNDER, REGARDLESS OF WHETHER THE BANK FOLLOWED THE SECURITY PROCEDURES AGREED UPON HEREIN OR ANY APPLICATION HERETO.
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Erroneous Instructions. CUSTOMER AGREES THAT TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE BANK WILL NOT BE LIABLE FOR ANY INSTRUCTION, FUNDS TRANSFER ORDER, AMENDMENT OR CANCELLATION, OR ANY LOSS ARISING THEREFROM, ERRONEOUSLY TRANSMITTED BY THE CUSTOMER OR ANYONE AUTHORIZED BY THE CUSTOMER HEREUNDER OR CONTAINING AN ERROR IN CONTENT AS PROVIDED BY THE CUSTOMER OR ANYONE AUTHORIZED BY THE CUSTOMER HEREUNDER, REGARDLESS OF WHETHER THE BANK FOLLOWED THE SECURITY PROCEDURES AGREED UPON HEREIN OR ANY APPLICATION HERETO.
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Erroneous Instructions. 5.6. The Customer determines the accuracy of the payment document execution and, in the event of its erroneous execution, informs the Bank about the detected error within three operation days after detecting the execution of the erroneous payment, but no later than three years from the date of execution of the erroneous instruction. In the message about the erroneous payment, the Customer indicates the details of the payment document and the detected erroneous details. The Bank shall not be liable for erroneously executed payment document, if the error was made by the Customer. The Customer hereby declares that it assumes the risk associated with the payment document erroneously executed by the Bank, if the error was made by the Customer or Customer’s representative. The Customer hereby declares that it assumes the risk associated with the payment document erroneously executed by the Bank, if the mistake was made by the Customer or Customer’s representative. 5.7. If the Bank is the beneficiary’s bank, and it identifies the execution of erroneous payment, the Bank will refund the money to the Customer no later than the next operation day from the day of such detection. If the Bank is not the beneficiary’s bank, it shall, upon identification of the execution of erroneous payment, send to the beneficiary’s bank a notification of the need to refund it in the manner specified herein. 5.8. The Bank, no later than three operation days after receipt of a notification of the execution of erroneous payment document from the Customer: 5.8.1. with regard to erroneous payment containing details that do not correspond to the details of the Customer's payment document, sends the payment document in favor of the proper beneficiary or refunds the full amount of the payment to the Customer; 5.8.2. with regard to re-sent erroneous payment, refunds to the Customer an incorrectly withdrawn amount. The beneficiary's bank refunds the erroneous amount to the Customer on the basis of a letter from the Bank within the limitation period. 5.9. If the Bank makes an erroneous payment, it sends to the beneficiary, in whose favor the erroneous payment was made, or to his bank a notification about the need to refund the erroneous payment with attachment of documents confirming the fact of the erroneous payment. In the event of insufficiency or lack of money in the beneficiary’s bank account, the Bank, as an initiator of erroneous payment makes a refund of erroneous payment, using its own ...
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Erroneous Instructions. CUSTOMER AGREES THAT TO THE FULLEST EXTENT PERMITTED BYAPPLICABLE LAW, BANK WILL NOT BE LIABLE FOR ANY INSTRUCTION, FUNDS TRANSFER ORDER, AMENDMENT OR CANCELLATION, OR ANY LOSS ARISING THEREFROM, ERRONEOUSLY TRANSMITTED BY CUSTOMER OR
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Erroneous Instructions. If the Bank receives an instruction authorized by you and the instruction is erroneous, the Bank will have no obligation or liability for such error.
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Related to Erroneous Instructions

  • Ambiguous Instructions In the event that a Submission contains terms that differ from the information provided in the telephone call at the time of issuance of the Submission Number, the Trust Representative will attempt to contact the Participant to request confirmation of the terms of the order. If an Authorized Person confirms the terms as they appear in the Submission, the Submission will be accepted and processed. If an Authorized Person contradicts its terms, the Submission will be deemed invalid, and a corrected Submission must be received by the Transfer Agent, as applicable, not later than the earlier of (i) within 15 minutes of such contact with the Participant or (ii) 15 minutes after the NYSE Closing Time. If the Trust Representative is not able to contact an Authorized Person, then the Submission shall be accepted and processed in accordance with its terms notwithstanding any inconsistency from the terms of the telephone information. In the event that a Submission contains terms that are illegible, the Submission will be deemed invalid and the Trust Representative will attempt to contact the Participant to request retransmission of the Submission. A corrected Submission must be received by the Transfer Agent, as applicable, not later than the earlier of (i) within 15 minutes of such contact with the Participant or (ii) 15 minutes after the NYSE Closing Time.

  • Your Instructions You must accurately describe transaction beneficiaries, intermediary financial institutions, and the beneficiary’s financial institution in transfer and payment instructions. If you describe any beneficiary or institution inconsistently by name and number, other institutions and we may process the transaction solely on the basis of the number, even if the number identifies a person or entity different from the named beneficiary or institution.

  • Acting on Instructions; Unclear Instructions (a) Bank is authorized to act under this Agreement (or to refrain from taking action) in accordance with the instructions received by Bank, via telephone, telex, facsimile transmission, or other teleprocess or electronic instruction or trade information system acceptable to Bank (“Instructions”). Bank shall have no responsibility for the authenticity or propriety of any Instructions that Bank believes in good faith to have been given by Authorized Persons or which are transmitted with proper testing or authentication pursuant to terms and conditions that Bank may specify. Customer authorizes Bank to accept and act upon any Instructions received by it without inquiry. Customer shall indemnify the Bank Indemnitees against, and hold each of them harmless from, any Liabilities that may be imposed on, incurred by, or asserted against the Bank Indemnitees as a result of any action or omission taken in accordance with any Instructions or other directions upon which Bank is authorized to rely under the terms of this Agreement, provided that Bank shall not be indemnified against or held harmless from any Liabilities arising out of Bank’s negligence, bad faith, fraud, or willful misconduct. (b) Unless otherwise expressly provided, all Instructions shall continue in full force and effect until canceled or superseded. (c) Bank may (in its sole discretion and without affecting any part of this Section 3.1) seek clarification or confirmation of an Instruction from an Authorized Person and may decline to act upon an Instruction if it does not receive clarification or confirmation satisfactory to it. Bank shall not, except as provided in Section 7.1 hereof, be liable for any loss arising from any delay while it seeks such clarification or confirmation. (d) In executing or paying a payment order Bank may rely upon the identifying number (e.g. Fedwire routing number or account) of any party as instructed in the payment order. Customer assumes full responsibility for any inconsistency within an Instruction between the name and identifying number of any party in payment orders issued to Bank in Customer’s name.

  • Suspension or Debarment Instructions Instructions for Certification 1. By answering yes to the next Attribute question below, the vendor and prospective lower tier participant is providing the certification set out herein in accordance with these instructions.

  • Form instructions This form does not mandate the use of a specific font size or style but the font must be legible.