Common use of Error Detection Clause in Contracts

Error Detection. CLIENT agrees that Xxxx has no obligation to discover and shall not be liable to CLIENT for any errors,omissions or wrongful acts made by or on behalf of CLIENT or any third party, including but not limited to errors made when identifying any Receiver, Intermediary or Receiving Depository Financial Institution (“RDFI”); or for errors in the amount or frequency of a particular Entry; or for errors in Settlement Dates; or for any failure or alleged failure to detect identity theft or fraudulent transactions. Cliq shall likewise have no duty to discover and shall not be liable for duplicate Entries. This provision shall survive termination of this Agreement.

Error Detection. CLIENT agrees that Xxxx Cliq has no obligation to discover and shall not be liable to CLIENT for any errors,omissions or wrongful acts made by or on behalf of CLIENT or any third party, including but not limited to errors made when identifying any Receiver, Intermediary or Receiving Depository Financial Institution (“RDFI”); or for errors in the amount or frequency of a particular Entry; or for errors in Settlement Dates; or for any failure or alleged failure to detect identity theft or fraudulent transactions. Cliq shall likewise have no duty to discover and shall not be liable for duplicate Entries. This provision shall survive termination of this Agreement.