Common use of Amendments, Cancellations and Recalls of Payment Orders; Debit Authorizations Clause in Contracts

Amendments, Cancellations and Recalls of Payment Orders; Debit Authorizations. The Customer authorizes the Custodian to (a) accept and act upon requests for amendment, cancellation and recall of funds transfers or (b) debit a Customer account upon receiving authorization to do so. (i) Any request for funds transfer amendment, cancellation or recall and any debit authorization must be given by one of the following methods: (A) tested telex, (B) authenticated S.W.I.F.T. message, (C) telephone at the telephone number designated from time to time by the Custodian for that purpose, or (D) computer, internet or other electronic platform approved by the Custodian for that purpose. (ii) Concurrently with any request given by telephone, the Customer must transmit a faxed request signed by an authorized signatory on the designated Customer account with the Custodian. (iii) In the case of amendment requests given by telephone, the Custodian will place a callback to an authorized signatory on the designated Customer account with the Custodian other than the issuer of the amendment request. Communications requesting amendment or cancellation of payment orders must be received at a time affording the Custodian a reasonable opportunity to act prior to the Custodian’s execution of the payment order. If the Customer uses the Custodian’s future advising Service, S.W.I.F.T. same day amendment and cancellation Service, or Multibank Payment Service, the provisions relating to amendment and cancellation in the Service Guides for such Services will prevail over this Section 8 to the extent of any inconsistencies.

Amendments, Cancellations and Recalls of Payment Orders; Debit Authorizations. The Customer authorizes the Custodian X.X. Xxxxxx to (a) accept and act upon requests for amendment, cancellation and recall of funds transfers or (b) debit a the Customer account upon receiving authorization to do so. (i) Any request for funds transfer amendment, cancellation or recall and any debit authorization must be given by one of the following methods: (A) tested telex, (B) authenticated S.W.I.F.T. message, (C) telephone at the telephone number designated from time to time by the Custodian X.X. Xxxxxx for that purpose, or (D) computer, internet or other electronic platform approved by the Custodian X.X. Xxxxxx for that purpose. (ii) Concurrently with any request given by telephone, the Customer must transmit a faxed request signed by an authorized signatory on the designated the Customer account with the CustodianX.X. Xxxxxx. (iii) In the case of amendment requests given by telephone, the Custodian X.X. Xxxxxx will place a callback to an authorized signatory on the designated the Customer account with the Custodian X.X. Xxxxxx other than the issuer of the amendment request. Communications requesting amendment or cancellation of payment orders must be received at a time affording the Custodian X.X. Xxxxxx a reasonable opportunity to act prior to the Custodian’s X.X. Xxxxxx’x execution of the payment order. If the Customer uses the Custodian’s X.X. Xxxxxx’x future advising Service, S.W.I.F.T. same day amendment and cancellation Service, or Multibank Payment Service, the provisions relating to amendment and cancellation in the Service Guides for such Services will prevail over this Section 8 to the extent of any inconsistencies.