Common use of Our Responsibility for Errors Clause in Contracts

Our Responsibility for Errors. If we do not properly perform a transaction according to the terms of this Contract, we will be liable to you for losses up to the amount of the transaction (unless other- wise required). We will not be liable for (i) your account having insufficient funds to complete a transaction; (ii) losses that result from your negligence or the negligence of others; (iii) your failure to follow any time limits as explained in this Contract; (iv) circumstances beyond our control that prevent us from performing the transaction (such as power failures, closures do to storms, or other emergencies); or (v) any losses caused by your failure to follow any term of this Contract. Our actions will constitute the use 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 us. As a result of a request or an order by you, should we ever disburse a greater amount of funds based on your request to any person or organization that you know (e.g., rela- tive, friend, employee, business associate, etc.), you agree to assist us in recovering our funds, including participation in litigation and prosecution.

Appears in 1 contract

Samples: www.redbrandcu.com

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Our Responsibility for Errors. If we do not properly perform a transaction according to the terms of this Contract, we will be liable to you for losses up to the amount of the transaction (unless other- wise otherwise required). We will not be liable for (i) your account having insufficient funds to complete a transaction; (ii) losses that result from your negligence or the negligence of others; (iii) your failure to follow any time limits as explained in this Contract; (iv) circumstances beyond our control that prevent us from performing the transaction (such as power failures, closures do to storms, or other emergencies); or (v) any losses caused by your failure to follow any term of this Contract. Our actions will constitute the use 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 us. As a result of a request or an order by you, should we ever disburse a greater amount of funds based on your request to any person or organization that you know (e.g., rela- tiverelative, friend, employeeem- ployee, business associate, etc.), you agree to assist us in recovering reco- xxxxxx our funds, including participation in litigation and prosecutionprosecu- tion.

Appears in 1 contract

Samples: www.redbrandcu.com

Our Responsibility for Errors. If we do not properly perform a transaction according to the terms of this Contract, we will may be liable to you for losses up to the amount of the transaction (unless other- wise otherwise required). We will not be liable for for: (i1) your account having insufficient funds to complete a transaction; (ii2) losses that result from your negligence or the negligence of others; (iii3) your failure to follow any time limits as explained ex- plained in this Contract; (iv4) circumstances beyond our control that prevent us from performing the transaction (such as power failures, closures do to storms, or other emergencies); or (v5) any losses caused by your failure to follow any term of this Contract. Our actions ac- tions will constitute the use of ordinary care if such actions or non-non- actions are consistent with applicable state law, Federal Reserve Regulations, regulations and operating letters, clearing house rules, and general banking practices followed in the area serviced by us. As a result of a request or an order by you, should we ever disburse a greater amount of funds based on your request to any person or organization organiza- tion that you know (e.g., rela- tiverelative, friend, employee, business associateasso- ciate, etc.), you agree to assist us in recovering our funds, including participation in litigation and prosecution.

Appears in 1 contract

Samples: www.redbrandcu.com

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Our Responsibility for Errors. If we do not properly perform a transaction according to the terms of this Contract, we will may be liable to you for losses up to the amount of the transaction (unless other- wise otherwise required). We will not be liable for for: (i1) your account having insufficient funds to complete a transaction; (ii2) losses that result from your negligence or the negligence of others; (iii3) your failure to follow any time limits as explained in this Contract; (iv4) circumstances beyond our control that prevent us from performing the transaction (such as power failures, closures do to storms, or other emergencies); or (v5) any losses caused by your failure to follow any term of this Contract. Our actions will constitute the use of ordinary care if such actions or non-actions are consistent with applicable state law, Federal Reserve Regulations, regulations and operating letters, clearing house rules, and general banking practices followed in the area serviced by us. As a result of a request or an order by you, should we ever disburse a greater amount of funds based on your request to any person or organization that you know (e.g., rela- tiverelative, friend, employee, business associate, etc.), you agree to assist us in recovering our funds, including participation in litigation and prosecution.

Appears in 1 contract

Samples: www.rgvcu.coop

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