Common use of REJECTION OF DEPOSIT TRANSACTIONS Clause in Contracts

REJECTION OF DEPOSIT TRANSACTIONS. We may reject any MRDC transaction transmission which does not strictly comply with the technical specifications prescribed under Section 8.3 (Technical Specifications) above or which exceeds any transaction limit prescribed under Section 8.7 (Transaction Limits) above. It shall be your sole responsibility to redeposit such rejected transaction. We shall have no liability for any losses incurred by you, including, but not limited to, costs, fees or expenses incurred by you, for rejection of MRDC transactions. In the event of any dispute as to whether any transaction or any portion thereof complies with the technical specifications prescribed under Section 8.3 above, our determination as to compliance shall be final and conclusive.

Appears in 4 contracts

Samples: Bancorpsouth Bank Customer Agreement, Bancorpsouth Bank Customer Agreement, Bancorpsouth Bank Customer Agreement

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