Common use of REVIEW OF STATEMENTS AND ADVICES Clause in Contracts

REVIEW OF STATEMENTS AND ADVICES. In addition to Depositor’s other review obligations set forth herein and under law, Depositor agrees to review promptly and reconcile Depositor’s statements of account made available by Bank and shall report to Bank’s Funds Transfer Department any discrepancies, errors, inaccuracies, unauthorized requests, or objections of any other type or nature between Bank’s records and Depositor’s records within a reasonable time, not to exceed fourteen (14) calendar days from the earlier of the date of advice or the date the statement of account. The failure of Depositor to notify Bank of any discrepancies, errors, or other objections within such specified time period will relieve Bank of any liability to Depositor.