Common use of AB&T Responsibilities and Liability Clause in Contracts

AB&T Responsibilities and Liability. a. In the performance of the Wire Transfer Services under Appendix D of this Agreement, AB&T shall be entitled to rely solely on the information, representations and warranties provided by Customer pursuant to Appendix D of this Agreement and shall not be responsible for the accuracy or completeness thereof. AB&T shall be responsible only for performing the Wire Transfer Services expressly provided for in Appendix D of this Agreement and shall be liable only for its negligence or willful misconduct in performing those Wire Transfer Services, except as provided by Iowa Funds Transfers Law or otherwise required by law. AB&T shall be deemed to have exercised ordinary care if its action or inaction is in conformity with general banking usages and practices not disapproved by the Iowa Funds Transfers Law or is otherwise a commercially reasonable practice of the banking industry.

AB&T Responsibilities and Liability. a. In the performance of the Wire Transfer Services under Appendix D of this Agreement, AB&T shall be entitled to rely solely on the information, representations and warranties provided by Customer pursuant to Appendix D of this Agreement Agreement, and shall not be responsible for the accuracy or completeness thereof. AB&T shall be responsible only for performing the Wire Transfer Services expressly provided for in Appendix D of this Agreement and shall be liable only for its negligence or willful misconduct in performing those Wire Transfer Services, except as provided by Iowa Funds Transfers Law or otherwise required by law. AB&T shall be deemed to have exercised ordinary care if its action or inaction is in conformity with general banking usages and practices not disapproved by the Iowa Funds Transfers Law or is otherwise a commercially reasonable practice of the banking industry.