Common use of Funds Transfer System Clause in Contracts

Funds Transfer System. We shall be authorized to use any funds- transfer system that we, in our sole discretion, deem appropriate. You acknowledge that each funds- transfer system is governed by its own operating rules and regulations and you agree that each Payment Order shall be subject to the rules and regulations of the funds-transfer system through which it is transmitted, including all interbank compensation rules governing the settlement of claims for compensation or adjustments of errors between member banks. You further agree that the funds- transfer system selected by us in executing a Payment Order shall be considered your agent.

Funds Transfer System. We shall be authorized to use any funds- transfer system that we, in our sole discretion, deem appropriate. You acknowledge that each funds- funds-transfer system is governed by its own operating rules and regulations and you agree that each Payment Order shall be subject to the rules and regulations of the funds-transfer system through which it is transmitted, including all interbank compensation rules governing the settlement of claims for compensation or adjustments of errors between member banks. You further agree that the funds- funds-transfer system selected by us in executing a Payment Order shall be considered your agent.

Funds Transfer System. We Bank shall be authorized to use any funds- funds transfer system that weBank, in our its sole discretion, deem deems appropriate. You acknowledge that each funds- funds transfer system is governed by its own operating rules and regulations and you agree that each Payment Order shall be subject to the rules and regulations of the funds-funds transfer system through which it is transmitted, including all interbank compensation rules governing the settlement of claims for compensation or adjustments of errors between member banks. You further agree that the funds- funds transfer system selected by us Bank in executing a Payment Order shall be considered your agentthe agent of you.