Differences in International Law; Erroneous Entries. You understand that each country is governed by its own domestic clearing rules and practices, and that these rules may not correspond directly with the NACHA or United States rules for payments. You agree to conform with the laws of the country to which you are sending payments. You will need to explore any differences within International Law, and we will not be responsible for identifying differences for you. You further acknowledge that, in addition to our right to payment for all ACH Entries that we process on your behalf and our limited ability to recover for you any erroneous entries you may transmit to us, our ability to recover for you any IAT erroneous entry is even more limited; accordingly, you expressly assume all risk of any IAT erroneous entry you transmit to us, and you agree to indemnify and hold us harmless against any loss you or we may experience in connection with any IAT erroneous entry.
Appears in 4 contracts
Samples: Treasury Management Master Services Agreement, Treasury Management Master Services Agreement, Treasury Management Master Services Agreement
