Common use of Amendments and Cancellations Clause in Contracts

Amendments and Cancellations. The Bank is not obligated to amend or cancel a Payment Order, but if in its sole discretion it determines to do so, it may condition its action upon: (a) compliance with applicable security procedures; and (b) receipt of an indemnity and bond or security acceptable to the Bank. Any amendment or cancellation of a Payment Order by the Bank will relieve the Bank of any obligation to act on the original Payment Order amended or canceled.

Amendments and Cancellations. ‌ The Bank is not obligated to amend or cancel a Payment Order, but if in its sole discretion it determines to do so, it may condition its action upon: (a) compliance with applicable security procedures; and (b) receipt of an indemnity and bond or security acceptable to the Bank. Any amendment or cancellation of a Payment Order by the Bank will relieve the Bank of any obligation to act on the original Payment Order amended or canceled.

Amendments and Cancellations. The Bank is not obligated to amend or cancel a Payment Order, but if in its sole discretion it determines to do so, it may condition its action upon: (a) compliance with applicable security procedures; and (b) receipt of an indemnity and bond or security acceptable to the Bank. Any amendment or cancellation of a Payment Order by the Bank will relieve the Bank of any obligation anyobligation to act on the original Payment Order amended or canceled.