Payments/Transfers. We will use commercially reasonable efforts to make all your payments and transfers properly. However, we shall incur no liability if unable to complete any payments initiated by you because of the existence of any one or more of the following circumstances: • If, through no fault of ours, your Payment Account does not contain sufficient funds to complete the payment or transfer, or the transfer would exceed the credit limit of your overdraft account or any other overdraft service(s) associated with your account; • The Payment Service is not working properly and you know or have been advised about the malfunction before you execute the transaction; • The Payee/recipient mishandles or delays a payment sent through the Payment Service; • You have not provided the Payment Service with the correct names, phone numbers, or account information for those payees/recipients to whom you wish to direct payment or transfer funds; • If the transaction is prevented by the policies, rules or limitations imposed by us, from time to time, such as minimum deposit requirements or verification and collection of deposits; • Circumstances beyond our control such as, but not limited to, fire, flood, or interference from an outside force prevent the proper execution of the transaction and we have taken reasonable precautions to avoid those circumstances; Other exceptions set forth in this Agreement or as deemed applicable by us.
Payments/Transfers. So long as the Initial Note Holder or any of its nominees shall be a Note Holder, and notwithstanding anything contained in this Agreement or such Notes to the contrary, each Issuer of such Notes will pay all sums becoming due on its respective Notes for principal and interest by such method and at the address specified for such purpose on Annex 1 or at such other address as the Initial Note Holder shall have from time to time specified to the Issuers in writing for such purpose. Prior to any Transfer or other disposition of any Note held by the Initial Note Holder or its nominees, the Initial Note Holder will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to its Issuer in exchange for a new Note or Notes pursuant to Section 2.6.
Payments/Transfers
