Common use of Account Reconciliation Clause in Contracts

Account Reconciliation. The Member Client agrees to notify the Financial Institution promptly of any discrepancy between the Member Client’s records and the information shown on any periodic statement. If the Member Client fails to notify the Financial Institution within ten (10) calendar days of receipt of a periodic statement containing such information; the Member Client agrees that the Financial Institution shall not be liable for any other losses resulting from the Member Client’s failure to give such notice or any loss of interest or any interest equivalent with respect to any Entry shown on such periodic statement. If the Member Client fails to notify the Financial Institution within thirty (30) calendar days of receipt of such periodic statement, the Member Client shall be precluded from asserting any discrepancy against the Financial Institution.

Account Reconciliation. The Member Client agrees to notify the Financial Institution promptly of any discrepancy between the Member ClientMember’s records and the information shown on any periodic statement. If the Member Client fails to notify the Financial Institution within ten (10) calendar days of receipt of a periodic statement containing such information; the Member Client agrees that the Financial Institution shall not be liable for any other losses resulting from the Member ClientMember’s failure to give such notice or any loss of interest or any interest equivalent with respect to any Entry shown on such periodic statement. If the Member Client fails to notify the Financial Institution within thirty (30) calendar days of receipt of such periodic statement, the Member Client shall be precluded from asserting any discrepancy against the Financial Institution.