Transfer Failures. The Customer agrees that if the Bank fails to act on a transfer request on the date received, when received prior to the Bank’s deadline, and when such failure is due to the Bank’s error, the Customer’s sole remedy shall be the adjustment of the ledger and collected balances of the undersigned’s account(s) to reflect properly the balances in the account(s) that would have resulted had no error occurred, plus any interest that should have accrued. The Bank shall not be liable for any consequential damages.
Appears in 3 contracts
Sources: Wire Transfer Agreement, Wire Transfer Agreement, Wire Transfer Agreement