Common use of Funds and Processing Clause in Contracts

Funds and Processing. You must have sufficient funds in your Account and/or the applicable External Account for the External Transfer to be completed. Any External Transfer initiated on any Business Day after 6:00 p.m. CT, may not be processed until the next Business Day. Funds transferred into your Account by External Transfer will be available no later than the fifth (5th) Business Day following the scheduled External Transfer date. It is recommended that you schedule your External Transfers in advance to allow ample time for Bank to work through any processing errors or issues for failure to confirm the authority or accuracy of information on the External Account. Bank may notify you of any failure to be able to process any External Transfer as Bank is made aware of such. Once an External Transfer is initiated or in process, it cannot be cancelled. If an External Transfer is scheduled and authenticated using your Account, computer, and security information, then any such External Transfer will be your responsibility, regardless of mistake, error, or fraud, subject to Applicable Law.

Funds and Processing. You must have sufficient funds in your Account and/or the applicable External Account for the External Transfer to be completed. Any External Transfer initiated on any Business Day after 6:00 6 p.m. CT, may not be processed until the next Business Day. Funds transferred into your Account by External Transfer will be available no later than the fifth (5th) Business Day following the scheduled External Transfer date. It is recommended that you schedule your External Transfers in advance to allow ample time for Bank to work through any processing errors or issues for failure to confirm the authority or accuracy of information on the External Account. Bank may notify you of any failure to be able to process any External Transfer as Bank is made aware of such. Once an External Transfer is initiated or in process, it cannot be cancelledcanceled. If an External Transfer is scheduled and authenticated using your Account, computer, and security information, then any such External Transfer will be your responsibility, regardless of mistake, error, error or fraud, subject to Applicable Law.