Common use of Payment Error Clause in Contracts

Payment Error. If a payment error occurs due to a typographical error made by Argentex or any other such mistaken payments occur, including but not limited to duplicate payments (Payment Error), Argentex shall not be liable to the Client or any Losses or liabilities whatsoever (including indirect or special damages or loss of profit) or costs arising from the Payment Error. Argentex shall use reasonable efforts to correct the Payment Error and recover the funds involved in the relevant transaction. Any dispute arising from a Payment Error will be resolved on the basis of fair market value as determined by Argentex acting reasonably, of the relevant currency at the time the Payment Error occurred.