Common use of Rejection of Orders Clause in Contracts

Rejection of Orders. We may reject any Order if: (a) the Order does not conform to the limitations, security procedures or other requirements set forth in this Agreement (including any applicable Specifications); (b) there are insufficient collected funds in your Account on the transaction date or Effective Date; (c) the Order involves funds subject to a lien, hold, dispute or legal process which prevents their withdrawal; (d) the Order is not authenticated to our satisfaction or we have reason to believe the Order may not be authorized (notwithstanding compliance with any security procedure); (e) the Order contains incorrect, incomplete, or ambiguous information; (f) the amount of the Order exceeds any limit established for the specific Order or for your Account; (g) we believe the beneficiary of the Order may be prohibited, e.g., on the list of Specially Designated Nationals and Blocked Persons issued by the U.S. Treasury’s Office of Foreign Assets Control (which may require us to not complete the transfer and to “block” the funds until that Office issues a written release); (h) the Order appears to be in contravention of applicable law, regulation or executive order; (i) the Order would cause us to exceed any limitation on our intraday net funds position established pursuant to Federal Reserve guidelines; (j) the Order would result in violation of any other law or regulation, or any applicable governmental risk control program; (k) the Order presents any other risk to us or third persons that we deem unreasonable in our sole discretion; or (l) we elect in our discretion to not provide the Service for any or no reason. We may notify you orally, electronically, or in writing if we reject any Order no later than two (2) Business Days after the date the Order was to be effected. We are not required to pay you interest on a rejected Order for the period between the rejection of the Order and your receipt of the notice of rejection.