Common use of Discrepancy Clause in Contracts

Discrepancy. Client shall review reports received under the Service promptly to ensure accuracy and completeness of the information. If Client fails to notify Bank within thirty (30) days after receipt of a report that any information is inaccurate, incomplete, unclear, unreadable, or otherwise unacceptable, the Client shall be deemed to have accepted the report and to have waived (i) any and all objections including but not limited to objections concerning its accuracy, completeness, clarity, readability or quality, and (ii) the right to bring any action or raise any claim against Bank based on any such objection. Bank shall not be liable for any loss, including loss of interest, resulting from Client’s failure to give such notice and Client shall be precluded from asserting such discrepancy against Bank.

Discrepancy. Client Customer shall review reports received under the Service promptly to ensure accuracy and completeness of the information. If Client Customer fails to notify Bank within thirty (30) days after receipt of a report that any information is inaccurate, incomplete, unclear, unreadable, or otherwise unacceptable, the Client Customer shall be deemed to have accepted the report and to have waived (i) any and all objections including but not limited to objections concerning its accuracy, completeness, clarity, readability or quality, and (ii) the right to bring any action or raise any claim against Bank based on any such objection. Bank shall not be liable for any loss, including loss of interest, resulting from ClientCustomer’s failure to give such notice and Client Customer shall be precluded from asserting such discrepancy against Bank.