Acceptance and Execution of Requests. A Request is considered executed when SBIC executes it. The Customers are advised to log in their request for remittance through the Services after understanding the exchange rate for the day. If a Request does not specify a date on which funds are to be transmitted, then SBIC may transmit the funds and execute the Request on the Business Day following the Business Day of receipt of the Request; however, SBIC will normally execute the Request on the Business Day of receipt of the Request, provided that SBIC receives the Request prior to the applicable cut-off hour. SBIC will not be liable in any manner whatsoever, for delay in executing the Request. For purposes of this Service, “Business Days” are Monday through Saturday, excluding Sunday or any other day that SBIC is authorized or required to be closed. SBIC may reject a Request for any reason or for no reason, including insufficient available funds in the account specified in the Request (the “Account”), inability to verify the authenticity of the Request in accordance with applicable security procedures, or otherwise. The Customer may peruse all such rejections on the system. SBIC may notify the Customer of a returned Request no later than the next Business Day after receipt. SBIC is under no obligation to re-execute a Request. The Customer may not be able to amend or cancel a Request after the Request has been received by SBIC. SBIC may at its discretion use reasonable efforts to act on the Customer’s request for amendment or cancellation, but will not be liable if SBIC do not do so. Furthermore, the Customer will indemnify and hold SBIC harmless from any and all liabilities, costs and expenses SBIC may incur in its amendment or cancellation efforts. When a Request contains a name and account number, payment may be made by SBIC and/or by other banks to which a Request is forwarded based solely on the account number even if the account number identifies a beneficiary different from the beneficiary named by the Customer. The Customer acknowledges that SBIC and other banks to which a Request is forwarded may rely on any bank identification number supplied by the Customer as a means to identify any other bank, even if the identification number is different than the bank named by the Customer. The Customer’s obligation to pay the amount of the funds transfer to SBIC is not excused in such circumstances. The Customer acknowledges that any Request executed by SBIC will be subject to rules and regulations app...
Acceptance and Execution of Requests. A Request is considered executed when MPB executes it. Request for a funds transfer must be received in written form, orally, via fax, or via telephone by the MPB no later than 4 PM (CST). A request received after this time will be executed the following Business Day.
Acceptance and Execution of Requests. A Request is considered executed when Bank executes it. A Request must be received by Bank prior to Bank's deadline for funds transfer requests, currently 1:30 P.M. Pacific Time for domestic wires, but may be subject to change. A request received after this time will be executed the next day other than Saturday or Sunday that Bank is open for business (a "Business Day"). Bank may reject a Request for any reason or for no reason, including insufficient collected funds in the account specified in the Request (the "Account"), inability to verify the authenticity of the Request in accordance with applicable security procedures, or otherwise. Bank will notify Company by mail or phone if the request is rejected.
