Common use of Erroneous Entry Clause in Contracts

Erroneous Entry. If the Customer discovers that any Entry it has initiated was in error, it must notify the Bank in writing of such error and must comply with the security procedures. The Bank will utilize its best efforts on behalf of Customer, consistent with the Rules to correct the Entry. In all such cases, it shall be the responsibility of the Customer to notify its affected customers that an Entry has been made, which is at variance with the customer's authorization or is otherwise erroneous. The Customer is responsible for the creation of reversing entries.

Erroneous Entry. If the Customer discovers that any Entry it has initiated was in error, it must may notify the Bank in writing of such error and must comply with the security procedures. The Bank will utilize its best efforts may seek to correct the Entry on behalf of Customer, consistent with the Rules to correct the EntryRules. In all such cases, it shall be the responsibility of the Customer to notify its the affected customers third party that an Entry has been made, made which is at variance with the customer's third party’s authorization or is otherwise erroneous. The Customer is responsible for the creation of reversing entries.

Erroneous Entry. If the Customer discovers that any Entry it has initiated was in error, it must notify the Bank in writing of such error and must comply with the security procedures. The Bank will utilize its best efforts on behalf of Customer, consistent with the Operating Rules to correct the Entry, subject to the terms of Schedule 1 of this Agreement. In all such cases, it shall be the responsibility of the Customer to notify its affected customers that an Entry has been made, which is at variance with the customer's authorization or is otherwise erroneous. The Customer is responsible for the creation of reversing entries.