Common use of Our Responsibility for Errors Clause in Contracts

Our Responsibility for Errors. If we do not properly execute a transaction in accordance with this contract, we will be liable to you for losses up to the amount of the transaction (unless otherwise required). We will not be liable for: (1) your account having insufficient funds to complete a transaction, (2) losses that result from your negligence or the negligence of others, (3) your failure to adhere to any time limits provided for in this contract, (4) circumstances beyond our control that prevent the execution of a transaction, or (5) any losses incurred by your failure to adhere to any term of this contract. The credit union’s actions will constitute the exercise of ordinary care if such actions or non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules, and general banking practices followed in the area serviced by the credit union. As result of a request or an order by you, should we ever disburse a greater amount funds based on your request to any person or entity that you know

Our Responsibility for Errors. If we do not properly execute a transaction in accordance with this contract, we will be liable to you for losses up to the amount of the transaction (unless otherwise required). We will not be liable for: (1) your account having insufficient funds to complete a transaction, (2) losses that result from your negligence or the negligence of others, (3) your failure to adhere to any time limits provided for in this contract, (4) circumstances beyond our control that prevent the execution of a transaction, or (5) any losses incurred by your failure to adhere to any term of this contract. The credit union’s actions will constitute the exercise of ordinary care if such actions or non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules, and general banking practices followed in the area serviced by the credit union. As result of a request or an order by you, should we ever disburse a greater amount funds based on your request to any person or entity that you knowknow (e.g., relative, friend, employee, business associate, etc.), you agree to assist us in recovering our funds, including participation in litigation and prosecution.

Our Responsibility for Errors. If we do not properly execute a transaction in accordance with this contract, we will be liable to you for losses up to the amount of the transaction (unless otherwise required). We will not be liable for: (1) . your account having insufficient funds to complete a transaction, (2) . losses that result from your negligence or the negligence of others, (3) . your failure to adhere to any time limits provided for in this contract, (4) . circumstances beyond our control that prevent the execution of a transaction, or (5) . any losses incurred by your failure to adhere to any term of this contract. The credit union’s Credit Union's actions will constitute the exercise of ordinary care if such actions or non-actions are consistent with applicable state law, Federal Reserve regulations and operating letters, clearing house rules, and general banking practices followed in the area serviced by the credit unionCredit Union. As result of a request or an order by you, should we ever disburse a greater amount funds based on your request to any person or entity that you knowknow (e.g., relative, friend, employee, business associate, etc.), you agree to assist us in recovering our funds, including participation in litigation and prosecution.