Interest Compensation. In the event of a check disbursement or wire payment error in which the shareholder has lost interest due to a misrouting of the proceeds, PFPC will not pay interest compensation to the shareholder until reimbursement of such interest earnings from the bank that benefited in error from the misrouted payment. In cases where PFPC is at fault, payment of interest compensation to the shareholder will not be delayed.
Interest Compensation. In the event we are liable to you for interest compensation under this Agreement, or applicable law, interest shall be calculated at the average of the federal funds rate published by the Federal Reserve Bank for the period involved; or at such other rate that we may agree to, in writing, from time to time.
Interest Compensation. In the event that we shall be liable to you for interest compensation under this Agreement or by applicable law, interest shall be calculated on the basis of the average Federal Funds rate for the period involved as set forth in section 4A-506(b) of the Uniform Commercial Code. You agree that we may, at our sole option, pay interest compensation as follows: (1) by lump sum payment of cash, or (2) by providing a credit to your account with us.
Interest Compensation. In the event of a check disbursement or wire payment error in which a shareholder has lost interest due to a misrouting of the proceeds, except where the Transfer Agent is the responsible party, the Transfer Agent will pay interest compensation to the shareholder only upon receipt of reimbursement of such interest earnings from the bank that benefited in error from the misrouted payment. In cases where the Transfer Agent is at fault, payment of interest compensation to the shareholder will not be delayed.
Interest Compensation. If we are obligated to pay you for loss of interest as a result of an error of ours or a delay in processing your payment order, we may pay interest at our savings account rate.
Interest Compensation. In the event of a check disbursement or wire payment error in which a shareholder has lost interest due to a misrouting of the proceeds, except where the Transfer Agent is the responsible party, the Transfer Agent will pay interest compensation to the shareholder only upon receipt of reimbursement of such interest earnings from the bank that benefited in error from the misrouted payment. In cases where the Transfer Agent is at fault, payment of interest compensation to the shareholder will not be delayed. Gain/Loss Reporting and Tracking The Transfer Agent tracks the responsibility for all gains and losses generated by "as-of" transactions. The Transfer Agent may also prepare detailed explanations of "as-of" activity, primarily for internal process improvement purposes. Additionally, a daily/weekly/monthly gain/loss report can be made available to designated individuals at the Funds. Dated: June 13, 2003 Schedule D PERFORMANCE STANDARDS
Interest Compensation. If we are obligated to pay for a loss of interest that results from our error or delay regarding your payment order, we will calculate the interest as follows: With an account subject to analysis and earnings credits, we adjust the account under our account analysis procedures to recalculate earnings credits for the period involved. With a non-analyzed account, we will use a rate equal to the average of three (3) months of the Federal Funds Rates as set by the Federal Reserve Bank of Atlanta.
Interest Compensation. In the event of a check disbursement or wire payment error in which the shareholder has lost interest due to a misrouting of the proceeds, PNC Global Investment Servicing will not pay interest compensation to the shareholder until reimbursement of such interest earnings from the bank that benefited in error from the misrouted payment. In cases where PNC Global Investment Servicing is at fault, payment of interest compensation to the shareholder will not be delayed.
Interest Compensation. With respect to any misrouting of a check disbursement or wire transfer: (i) If BNY MELLON is at fault, BNY MELLON will promptly pay interest compensation to the affected shareholder at reasonable money market rates, and (ii) If BNY MELLON is not at fault, BNY MELLON will forward to the affected shareholder any interest compensation paid by the bank or other financial intermediary that benefited from the misrouted payment, but otherwise shall not be liable for or obligated to pay any interest compensation.
Interest Compensation. In the event Launch Credit Union is liable to Member for interest compensation under this Agreement, or applicable law, interest shall be calculated at the average of Launch’s deposit rate for the period involved; or at such other rate that Launch Credit Union may agree to, in writing, from time to time. Liability of the Customer: Except as otherwise provided by law, Member shall be liable for any loss or damage to which Member’s negligence contributed or which resulted in unauthorized, fraudulent, or dishonest acts by Member’s current and/or former authorized representatives. Such liability includes instances when a current or former authorized representative affects one or more Wire Transfers or improper use of security procedures to affect a Wire Transfer to Members detriment. Compliance with Anti-Money Laundering and Exchange Control Regulations and OFAC Enforced Sanctions: Records: All records, in whatever form, used by Launch Credit Union for Transactions contemplated by this Agreement shall be and remain Launch Credit Union’s property. Launch Credit Union may, at its sole discretion, make available such information upon Member’s request. Member shall pay any expenses incurred by Launch Credit Union in making such information available to Member.
