Responsibility and Liability for Transactions Sample Clauses

The "Responsibility and Liability for Transactions" clause defines which party is accountable for actions, obligations, and potential losses arising from transactions under the agreement. Typically, it outlines the extent to which each party is responsible for ensuring the validity and legality of transactions, and may specify who bears the risk if a transaction fails or results in damages. This clause is essential for clarifying the allocation of risk and liability between the parties, thereby reducing disputes and ensuring that each party understands their obligations and potential exposures.
Responsibility and Liability for Transactions. You are solely responsible for the security of your PIN and all uses of your Card. All Transactions made with your Unless otherwise required by law, in no event shall we be liable to you for special, indirect, or consequential damages, including, without limitation, lost profits or attorneys’ fees, even if we are advised in advance of the possibility of such damages.
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Responsibility and Liability for Transactions. You are solely responsible for the security of Your PIN and all uses of Your Card. All Transactions made with Your PIN and/or Card are conclusively presumed to have been authorized by You. Except to the extent provided in this MSA and Other Agreements for Visa® Purchases, We shall have no liability to You for any unauthorized Transaction made using Your PIN and/or Card that occurs before You have notified Us of Unless otherwise required by law, in no event shall We be liable to You for special, indirect, or consequential damages, including, without limitation, lost profits or attorneys’ fees, even if We are advised in advance of the possibility of such damages.
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Responsibility and Liability for Transactions. I am solely responsible for the security of my Password. All Transactions made with my password are conclusively presumed to have been authorized by me. The Bank shall have no liability to me for any unauthorized Transaction(s) made using my password that occurs before I have notified The Bank of possible unauthorized use and The Bank has had a reasonable opportunity to act on that notice. Notwithstanding any other provision in this Agreement, The Bank shall have no liability for failing to complete a Transaction to or from my account in time or in the correct amount under any circumstances listed in
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Responsibility and Liability for Transactions. You are solely responsible for the security of your Password. All Transactions made with your Password are conclusively presumed to have been authorized by you. We shall have no liability to you for any unauthorized Transaction made using your Password that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice. Notwithstanding any other provision in this Agreement, we have no liability for failing to complete a Transaction to or from your account in time or in the correct amount under any circumstances listed in Section A(12). In other cases, if we fail or delay in making a Transaction pursuant to your instructions, or if we make a Transaction in an amount which is less than the amount in your instructions, then (unless otherwise required by law) our liability shall be limited to interest on the amount which we fail to timely pay or transfer, calculated from the date on which the Transaction was to be made until the date it was actually made or you notify us of the problem, whichever occurs first, but in no event to exceed 30 days’ interest. We may pay such interest either to you or to the intended recipient of the Transaction, but in no event shall we be liable to both parties, and our payment to either party shall fully discharge any obligation to the other. If we make a Transaction in an amount which exceeds the amount in your instructions, or if we permit an unauthorized Transaction after we have had a reasonable time to act on notice from you of possible unauthorized use, then (unless otherwise required by law) our liability shall be limited to a refund of the amount erroneously paid or transferred, plus interest on that amount from the date of the Transaction to the date of the refund, but in no event to exceed 30 days’ interest. If we become liable to you for interest under this Agreement or applicable law, such interest shall be calculated based on the lowest interest rate we are then paying on our deposit accounts. In no event shall we be liable for interest compensation unless we are notified of a discrepancy within 30 days from the date of the first periodic statement reflecting the discrepancy. Unless otherwise required by law, in no event will we be liable to you for special, indirect, or consequential damages, including, without limitation, lost profits or attorneys’ fees, even if we are advised in advance of the possibility of such damages. You agree to reimburse us and...
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Responsibility and Liability for Transactions. You are solely responsible for the security of your PIN/Password and all uses of your Card. All Transactions made with your PIN/Password and/or Card are conclusively presumed to have been authorized by you. We shall have no liability to you for any unauthorized Transaction made using your PIN/Password and/or Card that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice.
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Responsibility and Liability for Transactions i. You are solely responsible for the security of your Password used for any of your Accounts and applications with the Credit Union and for the Online Banking Service. All Bill Payments or transfers from your Account made with your Password are conclusively presumed to have been authorized by you. We shall have no liability to you for any unauthorized use of the Online Banking Service, including Bill Payments, made using your Password that occurs before you have notified us of possible unauthorized use, in writing, and we have had a reasonable opportunity to act on that notice. ii. The Credit Union is not responsible for your acts or omissions or those of any third person, including, without limitation, any Payee or transmission or communications facility; and no such party shall be deemed to be the Credit Union’s agent. In any event, the Credit Union will not be liable for any special, consequential, incidental, or punitive losses, damages, or expenses in connection with this Agreement or the Online Banking Service, even if the Credit Union has knowledge of the possibility of them. The Credit Union is not liable for any act, failure to act or delay in acting if it is caused, in whole or in part, by any cause beyond the Credit Union’s reasonable control.
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Responsibility and Liability for Transactions. The Card is our property. We may, without liability or advance notice, revoke or limit all Cards issued under this Electronic Banking Agreement. Upon demand, you will surrender the Card promptly to us. You also agree not to keep your PIN with your Card or write your PIN on your Card, the Card carrier, or any paper you will carry with the Card. A Card with the PIN written on it will be confiscated and privileges may be revoked. You acknowledge that we have the right to cause an ATM to retain your Card at any time without notice to you. You shall have the right to cancel ATM or POS Services or use of your Card for
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Responsibility and Liability for Transactions. You are solely responsible for the security of your PIN/Password all uses of your Card. All Transactions made with your PIN/Password and/or Card are conclusively presumed to have been authorized by you. We shall have no liability to you for any unauthorized Transaction made using your PIN/Password and/or Card that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice. Our Liability for Failure to Make Transfers. If we do not properly complete a transfer to or from your account on time or in the correct amount according to the terms of this Agreement, we will not be liable (and any guarantee within this Agreement as to the timely delivery of transfers will not be applicable) if any of the following occurs:
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Related to Responsibility and Liability for Transactions

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