Common use of Transmission of Funds Clause in Contracts

Transmission of Funds. The Credit Union may employ any reasonable means it chooses for the transmission of funds pursuant to a Payment Order. The Credit Union is not responsible for (i) performance failure as a result of an interruption in transfer facilities, labor disputes, power failures, equipment malfunctions, suspension of payment by another bank, refusal or delay by another bank to accept the wire transfer, war, emergency conditions, fire, earthquake, or other circumstances not within the Credit Union’s control; or (ii) for any other performance failure that is not a result of the Credit Union’s breach of this Agreement.

Transmission of Funds. The Credit Union may employ any reasonable means it chooses for the transmission of funds pursuant to a Payment Order. The Credit Union is not responsible for (i) performance failure as a result of an interruption in transfer facilities, labor disputes, power failures, equipment malfunctions, suspension of payment by another bankCredit Union, refusal or delay by another bank Credit Union to accept the wire transfer, war, emergency conditions, fire, earthquake, or other circumstances not within the Credit Union’s 's control; or (ii) for any other performance failure that is not a result of the Credit Union’s 's breach of this Agreement.