Liability for Direct or Consequential Damages Clause Samples
The "Liability for Direct or Consequential Damages" clause defines the extent to which a party is responsible for losses arising from a contract, distinguishing between direct damages (immediate and foreseeable losses) and consequential damages (indirect or secondary losses resulting from a breach). Typically, this clause specifies whether a party is liable only for direct damages or also for consequential damages, such as lost profits or business interruption. By clearly outlining these boundaries, the clause helps allocate risk between the parties and prevents unexpected or disproportionate liability for indirect losses.
Liability for Direct or Consequential Damages. If, through no fault of ours, there is not enough money in your accounts to complete the transaction, if any funds in your accounts necessary to complete the transaction are held as uncollected funds or pursuant to our Funds Availability Policy, or if the transaction involves a loan request exceeding your credit limit. * If you used your Card or access code in an incorrect manner. * If the ATM where you are making the transfer does not have enough cash. * If the ATM was not working properly and you knew about the problem when you started the transaction. * If acts of God (such as fire, flood, or power failure) prevent the transaction. * If the money in your account is subject to legal process or other claim. * If funds in your account are pledged as collateral subject to our lien or frozen because of a delinquent loan. * If the error was caused by a system of any participating ATM network. * If any circumstances beyond our control (such as your willful or negligent use of your Card, access code, or any EFT facility for making such transfers) prevent the transaction. * If the telephone or computer equipment you use to conduct audio response or electronic/PC transactions is not working properly and you know or should have known about the breakdown when you started the transaction. * Any other exceptions as established by the Credit Union.
Liability for Direct or Consequential Damages. If through no fault of ours, there is not enough money in your account to complete the transaction, if any funds in your account necessary to complete the transaction are held as uncollected funds or in accordance with our Funds Availability Policy, or if the transaction involves a loan request exceeding your credit limit. • If the ATM where you are making the transfer does not have enough cash. • If the ATM was not working properly and you knew about the problem when you started the transaction. • If circumstances beyond our control (such as fire, flood, or power failure) prevent the transaction. • If the money in your account is subject to legal process or other claims. • If funds in your account are pledged as collateral or frozen because of a delinquent loan. • If the error was caused by a system of any participating ATM network. • If the electronic transfer is not completed as a result of your willful or negligent use of your Card, access code, or any EFT facility for making such transfers. • If the telephone or computer equipment you use to conduct audio response or electronic/PC transactions is not working properly and you know or should have known about the breakdown when you started the transaction. • Any other exceptions as established by the Credit Union.
Liability for Direct or Consequential Damages. If, through no fault of ours, there is not enough money in your accounts to complete the transaction. If any funds in your accounts necessary to complete the transaction are held as uncollected funds, or pursuant to our Funds Availability Policy, or if the transaction involves a loan request exceeding your credit limit. • If you used your Card or access code in an incorrect manner. • If the ATM where you are making the transfer does not have enough cash. • If the ATM was not working properly and you knew about the problem when you started the transaction. • If circumstances beyond our control (such as fire, flood, or power failure) prevent the transaction. • If the money in your account is subject to legal process or other claim. • If funds in your account are pledged as collateral or frozen because of a delinquent loan. • If the error was caused by a system of any participating ATM network. • If the electronic transfer is not completed as a result of your willful or negligent use of your Card, access code, or any EFT facility for making such transfers. • Any other exceptions as established by the Credit Union.
Liability for Direct or Consequential Damages. If, through no fault of ours, there is not enough money in your accounts to complete the transaction, if any funds in your accounts necessary to complete the transaction are held as uncollected funds or pursuant to our Funds Availability Policy, or if the transaction involves a loan request exceeding your credit limit. If you used your Card or access code in an incorrect manner. If the ATM/ITM where you are making the transfer does not have enough cash. If the ATM/ITM was not working properly and you knew about the problem when you started the transaction. If circumstances beyond our control (such as fire, flood, or power failure) prevent the transaction. If the money in your account is subject to legal process or other claim. If funds in your account are pledged as collateral or frozen because of a delinquent loan. If the error was caused by a system of any participating ATM/ITM network. If the electronic transfer is not completed as a result of your willful or negligent use of your Card, access code, or any EFT facility for making such transfers. If the telephone or computer equipment you use to conduct audio response or electronic/PC transactions is not working properly and you know or should have known about the breakdown when you started the transaction. If you have bill payment services, we can only confirm the amount, the participating merchant, and date of the bill payment transfer made by the Credit Union. For any other error or question you have involving the billing statement of the participating merchant, you must contact the merchant directly. We are not responsible for investigating such errors. Any other exceptions as established by the Credit Union.
Liability for Direct or Consequential Damages lf, through no fault of ours, there is not enough money in your accounts to complete the transaction. lf any funds in your accounts necessary to complete the transaction are held as uncollected funds, or pursuant to our Funds Availability Policy, or if the transaction involves a loan request exceeding your credit limit. • lf you used your Card or access code in an incorrect manner. • lf the ATM where you are making the transfer does not have enough cash. • lf the ATM was not working properly and you knew about the problem when you started the transaction. • lf circumstances beyond our control (such as fire, flood, or power failure) prevent the transaction. • lf the money in your account is subject to legal process or other claim. • lf funds in your account are pledged as collateral or frozen because of a delinquent loan. • lf the error was caused by a system of any participating ATM network. • lf the electronic transfer is not completed as a result of your willful or negligent use of your Card, access code, or any EFT facility for making such transfers. • Any other exceptions as established by the Credit Union.