Common use of Verification of Instructions Clause in Contracts

Verification of Instructions. In its sole discretion, AB&T may seek verification or further authorization of or give greater scrutiny to any Instructions beyond what is provided for in Appendix G of this Agreement. Such actions may be taken by AB&T to help determine whether Instructions are authorized or correct or whether they comply with applicable laws, regulations, requirements or rules, however, AB&T shall be under no obligation pursuant to Appendix D of this Agreement to undertake such actions. Upon attempting to obtain additional verification or authorization or give Instructions greater scrutiny, AB&T may temporarily suspend the execution of the Instructions and ultimately may reject the Instructions. Suspension of the execution of Instructions may result in a delay in the beneficiary receiving a Wire Transfer. AB&T shall have no liability to any party for any loss that results from such a delay.

Appears in 5 contracts

Samples: Banking Agreement, Business Electronic Banking, Banking Agreement

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