Rejection of Instructions. If AB&T elects to reject Customer’s Instructions, AB&T shall attempt to notify Customer of its intention to so reject the Instructions on or before the close of business on the execution date of the requested Instructions, provided that such execution date is a Business Day. Rejection is effective when notice is given. AB&T may provide notice of rejection of Instructions in person or by telephone, facsimile transmission, or electronic means. Customer agrees that all such means of providing notice of rejection are reasonable. AB&T has the right to reject or not accept any Instructions for any reason. AB&T shall have no liability to Customer except as required by Iowa Code 554.12210(2) by reason of the rejection or failure to accept such Instructions, or the fact that notice of rejection was not given at an earlier time.
Appears in 5 contracts
Samples: Banking Agreement, Business Electronic Banking, Banking Agreement
