Fedwire and Applicable Rules. Each Payment Order may be executed by Bank using the funds transfer system of the Federal Reserve Bank or other funds transfer system. Each Payment Order will be subject to Applicable Law whether or not Bank is a member of the funds transfer system.
Fedwire and Applicable Rules. (a) Each payment order or cancellation thereof may be furthered by any bank by use of the funds transfer system of the Federal Reserve Banks (“Fedwire”). The rights and obligations of Bank and Customer with respect to any payment order, any part of which is carried out through the use of Fedwire, will be governed by any applicable laws, the regulations of the Board of Governors of the Federal Reserve System, and the operating circulars of the Federal Reserve Banks and, to the extent applicable, the International Rules.
Fedwire and Applicable Rules. Each payment order or cancellation thereof may be furthered by any bank by use of the funds transfer system of the Federal Reserve Banks (“Fedwire”). The rights and obligations of the Bank and Customer with respect to any request for a wire transfer, any part of which is carried out through the use of Fedwire, will be governed by any applicable laws, the regulations of the Board of Governors of the Federal Reserve system, and the operating circulars of the Federal Reserve Banks in effect from time to time. Requests for wire transfers, or cancellations thereof, carried out through a funds transfer system will be governed by all applicable funds transfer system rules, whether or not the Bank is a member of the system. Customer acknowledges that the Bank’s right to reverse, adjust, stop payment, or delay posting of an executed wire transfer request is subject to the laws, regulations, circulars, and rules described in this Section 1.8.
Fedwire and Applicable Rules. Each payment order or cancellation thereof may be transmitted further by any bank by use of the wire transfer system of the Federal Reserve Banks (“Fedwire”). The rights and obligations of Bank and Customer with respect to any payment order or cancelation thereof, any part of which is carried out through the use of Fedwire, will be governed by all applicable laws, rules and regulations, including, the regulations of the Board of Governors of the Federal Reserve system, and the operating circulars of the Federal Reserve banks. Each payment order or cancellation thereof carried out through a wire transfer system will be governed by all applicable wire transfer system rules, whether or not Bank is a member of the system. Customer acknowledges that Bank's right to reverse, adjust, stop payment, or delay posting of an executed payment order is subject to the laws, regulations, circulars, and rules described in this Section 6 and Customer shall be liable if Bank is prevented by any of the foregoing from effecting a reversal, cancellation, adjustment, stop payment or delay.
Fedwire and Applicable Rules i. Payment orders (or cancellations of payment orders) may be processed through the funds transfer system of the Federal Reserve banks ("Fedwire") or any other funds transfer system we choose. The rights and obligations of you and us with respect to any payment order, any part of which is carried out through the use of Fedwire, will be governed by any applicable laws, the regulations of the Board of Governors of the Federal Reserve system, and the operating circulars of the Federal Reserve banks.
