Common use of Transfer Failures Clause in Contracts

Transfer Failures. If you do not have sufficient funds available in the "Eligible Account" from which the funds are to be transferred, the transfer will not be made on that date. However, the transfer will be processed on the next two (2) Business Days. If there is still insufficient available funds in the "Eligible Account" from which the funds are to be transferred from the transfer will be cancelled. If the transfer is a recurring transfer, the remaining transfers will not be affected.