Common use of Rejection of Entries Clause in Contracts

Rejection of Entries. Member Client agrees that Financial Institution has no obligation to accept Entries and therefore may reject any Entry issued by Member Client. Financial Institution has no obligation to notify Member Client of the rejection of an Entry but Financial Institution may do so at its option. Financial Institution shall have no liability to Member Client for rejection of an Entry and shall not be liable to pay interest to Member Client even if the amount of Member Client's payment order is fully covered by a withdrawable credit balance in an Authorized Account of Member Client or the Financial Institution has otherwise received full payment from Member Client.

Rejection of Entries. Member Client agrees that Financial Institution has no obligation to accept Entries and therefore may reject any Entry issued by Member ClientMember. Financial Institution has no obligation to notify Member Client of the rejection of an Entry but Financial Institution may do so at its option. Financial Institution shall have no liability to Member Client for rejection of an Entry and shall not be liable to pay interest to Member Client even if the amount of Member ClientMember's payment order is fully covered by a withdrawable credit balance in an Authorized Account of Member Client or the Financial Institution has otherwise received full payment from Member ClientMember.