Common use of Liability, Indemnification and Customer Instructions Clause in Contracts

Liability, Indemnification and Customer Instructions. We will not be liable for anything we do when following your instructions or the instructions of your agents. Furthermore, the Bank shall not be liable should it fail to follow your instructions or your agents’ instructions so long as the Bank believes that such instructions may expose the Bank to potential losses, civil or criminal liability, or otherwise conflict with any customary banking practice. The Bank will not be liable for indirect, special, or consequential damages regardless of the form of action and even if the Bank has been advised of the possibility of such damages. If the Bank is found at fault by the Nevis court for failing to prevent fraudulent access to your Account by means of any forged Account Holder signature or representation, the Bank’s liability, if any, shall be limited to the face amount of the Item. To the extent that there is a discrepancy between your instruction and the Bank’s interpretation of that instruction, the Bank’s interpretation shallcontrol. You hereby authorize the Bank to accept Account instructions by electronic means and hereby agree to indemnify, defend, and hold the Bank harmless from any losses or claims arising in connection with your decision to communicate with the Bank through any means, electronic or otherwise.

Liability, Indemnification and Customer Instructions. We will not be liable for anything we do when following your instructions or the instructions of your agents. Furthermore, the Bank shall not be liable should it fail to follow your instructions or your agents’ instructions so long as the Bank believes that such instructions may expose the Bank to potential losses, civil or criminal liability, or otherwise conflict with any customary banking practice. The Bank will not be liable for indirect, special, or consequential damages regardless of the form of action and even if the Bank has been advised of the possibility of such damages. If the Bank is found at fault by the Nevis court for failing to prevent fraudulent access to your Account by means of any forged Account Holder signature or representation, the Bank’s liability, if any, shall be limited to the face amount of the Item. To the extent that there is a discrepancy between your instruction and the Bank’s interpretation of that instruction, the Bank’s interpretation shallcontrolshall control. You hereby authorize the Bank to accept Account instructions by electronic means and hereby agree to indemnify, defend, and hold the Bank harmless from any losses or claims arising in connection with your decision to communicate with the Bank through any means, electronic or otherwise.