Common use of Acceptance and Execution of Wire Transfers Clause in Contracts

Acceptance and Execution of Wire Transfers. Except as otherwise provided herein, AB&T in its discretion may accept Instructions received by it in the name of Customer as sender, if AB&T is satisfied that: a. the Instructions were transmitted to AB&T in a Business Digital Banking log in session commenced and maintained with a User ID and Passcode corresponding to the Customer’s Company ID; b. Customer is in compliance with Appendix D of this Agreement and the Instructions comply with all applicable provisions of this Agreement; c. Customer has sufficient funds on deposit and available for withdrawal pursuant to AB&T’s applicable funds availability policy; d. the Instructions do not cause Customer to exceed the Wire Transfer Limit (a maximum dollar amount for originated wire transfer activity per Business Day) as initially determined by AB&T’s processing of Customer’s Business Digital Enrollment and from time to time thereafter with or without notice to Customer; and e. AB&T believes in good faith that the Instructions are authorized by Customer Customer and AB&T hereby acknowledge and agree that Customer’s Transmit Wire execution of the Instructions within a log in session of Business Digital Banking shall be deemed to constitute Customer’s execution and acceptance of Appendix D of this Agreement. Further, Customer and AB&T agree that the security procedures stated in this Agreement are a commercially reasonable method of providing security against unauthorized Wire Transfer payment orders fulfilled by AB&T under this Agreement. Except as otherwise provided herein, AB&T shall execute Instructions that comply with Appendix D of this Agreement on the Business Day (meaning a day on which AB&T is open to the public for carrying on substantially all of its business, but does not include Saturdays, Sundays or federal holidays) if the Instructions are received by the Cut Off Time (see Appendix B) on that Business Day. Instructions received after the Cut Off Time on a Business Day shall be executed on the next Business Day.

Acceptance and Execution of Wire Transfers. Except as otherwise provided herein, AB&T in its discretion may accept Instructions received by it in the name of Customer as sender, if AB&T is satisfied that: a. the Instructions were transmitted to AB&T in a Business Digital Electronic Banking log in session commenced and maintained with a User ID and Passcode corresponding to the Customer’s Company ID; b. Customer is in compliance with Appendix D of this Agreement and the Instructions comply with all applicable provisions of this Agreement; c. Customer has sufficient funds on deposit and available for withdrawal pursuant to AB&T’s applicable funds availability policy; d. the Instructions do not cause Customer to exceed the Wire Transfer Limit (a maximum dollar amount for originated wire transfer activity per Business Day) as initially determined by AB&T’s processing of Customer’s Business Digital BEB Enrollment and from time to time thereafter with or without notice to Customer; and e. AB&T believes in good faith that the Instructions are authorized by Customer Customer and AB&T hereby acknowledge and agree that Customer’s Transmit Wire execution of the Instructions within a log in session of Business Digital Electronic Banking shall be deemed to constitute Customer’s execution and acceptance of Appendix D of this Agreement. Further, Customer and AB&T agree that the security procedures stated in this Agreement are a commercially reasonable method of providing security against unauthorized Wire Transfer payment orders fulfilled by AB&T under this Agreement. Except as otherwise provided herein, AB&T shall execute Instructions that comply with Appendix D of this Agreement on the Business Day (meaning a day on which AB&T is open to the public for carrying on substantially all of its business, but does not include Saturdays, Sundays or federal holidays) if the Instructions are received by the Cut Off Time (see Appendix B) on that Business Day. Instructions received after the Cut Off Time on a Business Day shall be executed on the next Business Day.