Common use of Acceptance and Execution of Requests Clause in Contracts

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 applicable to payment orders, including record-keeping and information transmittal requirements under the federal Bank Secrecy Act and its implementing regulations. The Customer acknowledge and agree that SBIC may capture and transmit the Customer’s information (for example, the Customer’s name, address and account number, occupation, source of funds, purpose of remittance) and regarding any beneficiary (for example, beneficiary’s name, address, country, other beneficiary identifiers, and beneficiary’s account number, beneficiary’s bank, bank’s address etc) as part of the processing of a payment order. The Customer agrees to assist SBIC in connection with any requirements imposed on SBIC in fulfilling the obligations in this regard.

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 aGer 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 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 insufficient available funds in the account specified 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 aGer receipt. SBIC is under no obligation to re-execute a Request. The Customer may not be able to amend or cancel a Request after aGer the Request has been bee n received by SBIC. SBIC may at its discretion use reasonable efforts 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 effortsefforts. 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 identifies a beneficiary different beneficiary different from the beneficiary 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 identification number supplied by the Customer as a means to identify any other bank, even if the identification identification number is different 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 applicable to payment orders, including record-keeping and information transmittal requirements under the federal Bank Secrecy Act and its implementing regulations. The Customer acknowledge and agree that SBIC may capture and transmit the Customer’s information (for example, the Customer’s name, address and account number, occupation, source of funds, purpose of remittance) and regarding any beneficiary beneficiary (for exampleexample , beneficiarybeneficiary’s name, address, country, other beneficiary identifiersbeneficiary identifiers, and beneficiarybeneficiary’s account number, beneficiarybeneficiary’s bank, bank’s address etc) as part of the processing of a payment order. The Customer agrees to assist SBIC in connection with any requirements imposed on SBIC in fulfilling fulfilling the obligations in this regard.

Acceptance and Execution of Requests. A Request is considered executed when SBIC Bank executes it. The Customers are advised to log Request for a funds transfer by wire must be received by the Bank no later than Noon local time of Bank. Requests will be deemed received by Bank only when actually received by Bank, at the location and in their the medium and format specified by Bank. A request for remittance through funds transfer by wire received after this time may be executed 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 next 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 RequestBank. For purposes of this ServiceAgreement, “the Bank’s Business Days” Days are Monday through Saturdaythe days on which the Bank and any funds transfer intermediary used by the Bank are open for the business of processing funds transfers, excluding Sunday or any other day that SBIC is authorized or required to be closedholidays, Saturday and Sunday. SBIC Bank may reject a Request for any reason or for no reason, including insufficient available collected funds in the account specified in the Request (the “"Account”"), inability to verify the authenticity of the Request in accordance with applicable security proceduresSecurity Procedures, or otherwise. The Bank will notify 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 by mail or phone if Bank rejects a Request. The Customer may will not be able to amend or cancel a Request after the Request has been received by SBICBank. SBIC Bank may at its discretion use reasonable efforts to act on the Customer’s 's request for amendment or cancellation, but will not be liable if SBIC do not do it does so. Furthermore, the Customer will indemnify and hold SBIC Bank harmless from any and all liabilities, costs and expenses SBIC Bank may incur in its amendment or cancellation efforts. When a Request contains a name and account number, payment may be made by SBIC Bank 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 Bank 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 's obligation to pay the amount of the funds transfer to SBIC Bank is not excused in such circumstances. The Customer agrees to comply with all laws, rules and regulations applicable to it when seeking to initiate a funds transfer, including the sanctions laws administered by the Office of Foreign Assets Control. Customer acknowledges that any Request executed by SBIC Bank will be subject to rules and regulations applicable to payment orders, including record-keeping recordkeeping and information transmittal requirements under the federal Bank Secrecy Act and its implementing regulations. The Customer acknowledge acknowledges and agree agrees that SBIC Bank may capture and transmit the Customer’s information regarding Customer (for example, the Customer’s 's name, address and account number, occupation, source of funds, purpose of remittance) and regarding any beneficiary (for example, beneficiary’s 's name, address, country, other beneficiary identifiers, and beneficiary’s 's account number, beneficiary’s bank, bank’s address etc) as part of the processing of a payment order. The Customer agrees to assist SBIC Bank in connection with any requirements imposed on SBIC Bank in fulfilling the Bank's obligations in this regard.