Common use of Corrections of Errors Clause in Contracts

Corrections of Errors. If a deposit is credited into the Principal's account by mistake due to errors in the account number or account name, or is due to the Bank's processing errors, the Bank may proceed to recover the deposit from the Principal's account immediately upon discover without prior notice. If the amount has already been drawn, the Principal must return immediately when instructed to do so without delay.

Corrections of Errors. If a deposit is credited into the Principal's account by mistake due to errors in the account number or account name, or is due to processing errors of the Bank's processing errors, Other financial institution, Taiwan Clearing House, Financial Information Service Co., Ltd. etc., the Bank may proceed to recover the deposit from the Principal's account immediately upon discover without prior notice. If the amount has already been drawn, the Principal must return immediately when instructed to do so without delay.