Rejection of Entries; Notices of Rejected or Returned Entries Sample Clauses

Rejection of Entries; Notices of Rejected or Returned Entries. Any unexecuted Entry for which no notice of rejection is given shall be deemed canceled at the close of the fifth (5th) Business Day after the requested settlement date. We shall use reasonable efforts to notify you of our rejection of any Entry or return of any Entry from an ACH Operator; provided, however, that we shall have no liability if we fail to give any such notice. We shall not be liable to you for any delay or failure in executing an Entry unless such delay or failure is proximately caused by our gross negligence, and our liability therefore shall be limited to interest payable on the amount of such Entry from the requested settlement date until the earlier of (a) the date notice of rejection of such Entry is given by us, or (b) the close of the fifth (5th) Business Day following the settlement date.
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Related to Rejection of Entries; Notices of Rejected or Returned Entries

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