Common use of Responsibilities of Subscribers Clause in Contracts

Responsibilities of Subscribers. (a) Where the Subscriber has provided incorrect account details in a Line Item in the Final Settlement Schedule, the Subscriber will pay the reasonable costs incurred by a relevant financial institution or other Participating Subscriber in assisting to recover, or attempting to recover, an amount that was incorrectly paid in consequence of the error of the Subscriber in providing the incorrect details in the Line Item. (b) For the avoidance of doubt, where the Subscriber has provided incorrect account details in a Line Item in the Final Settlement Schedule, the Subscriber remains responsible for correcting the mistaken payment irrespective of activities undertaken in sub-clauses 5.1 or 5.2 above.