Common use of Exception Payments Clause in Contracts

Exception Payments. Exception Payments means payments to deposit accounts or brokerage account, payments to settle securities transactions (including without limitation stock, bonds, securities, futures, options, or an investment interest in any entity or property), tax payments and court ordered payments. Exception Payments may be scheduled through the Service, however, Exception Payments are discouraged and must be scheduled at your own risk. In no event shall the Credit Union, Service and/or Service Provider be liable for any claims or damages resulting from your scheduling or payment of Exception Payments. The Credit Union, Service and/or Service Provider has no obligation to research or resolve any claim resulting from an Exception Payment; all research and resolution for any mis-applied, mis-posted or mis-directed payments will be the sole responsibility of you and not of the Credit Union and/or Service Provider.