Wire Transfer Procedures. Bank is hereby authorized to honor, execute and accept each and every Wire Transfer received by it in the name of Customer as sender and initiated by an Administrator or User via EBIB. If Bank elects to accept a Wire Transfer issued by Customer, Bank shall use reasonable efforts to comply with the Wire Transfer in paying the proceeds to the beneficiary, if Bank is also the beneficiary’s bank, or in executing the Wire Transfer if Bank is not also the beneficiary’s bank. Customer shall issue the Wire Transfer to Bank in a timely manner sufficient to allow Bank to ensure that payment is made to the beneficiary on the payment date. Bank shall be entitled to deem any person having knowledge of any Security Procedures required in order to initiate Wire Transfers under this Booklet to be a User. Bank may, in all cases, rely on and accept Wire Transfers issued on behalf of Customer by any individual(s) authorized by Customer to sign checks on any of Customer’s depository accounts with Bank.
Wire Transfer Procedures. (a) The Borrower acknowledges that the Agent has made available to the Borrower Wire Transfer Procedures a copy of which is attached to this Agreement as EXHIBIT I and which include a description of security procedures regarding funds transfers executed by the Agent or an Affiliate bank at the request of the Borrower (the "Security Procedures"). The Borrower and the Agent agree that the Security Procedures are commercially reasonable. The Borrower further acknowledges that the full scope of the Security Procedures which the Agent or such Affiliate bank offers and strongly recommends for funds transfers is available only if the Borrower communicates directly with the Agent or such Affiliate bank as applicable in accordance with said procedures. If the Borrower attempts to communicate by any other method or otherwise not in accordance with the Security Procedures, the Agent or such Affiliate bank, as applicable, shall not be required to execute such instructions, but if the Agent or such Affiliate bank, as applicable, does so, the Borrower will be deemed to have refused the Security Procedures that the Agent or such Affiliate bank as applicable offers and strongly recommends, and the Borrower will be bound by any funds transfer, whether or not authorized, which is issued in the Borrower's name and accepted by the Agent or such Affiliate bank, as applicable, in good faith. The Agent or such Affiliate bank, as applicable, may modify Wire Transfer Procedures including, without limitation, the Security Procedures at such time or times and in such manner as the Agent or such Affiliate bank, as applicable, in its sole discretion, deems appropriate to meet prevailing standards of good banking practice. By continuing to use the Agent's or such Affiliate bank's, as applicable, wire transfer services after receipt of any modification of the Wire Transfer procedures including, without limitation, the Security Procedures, the Borrower agrees that the Security Procedures, as modified, are likewise commercially reasonable. The Borrower further agrees to establish and maintain procedures to safeguard the Security Procedures and any information related thereto. Neither the Agent nor any Affiliate of the Agent is responsible for detecting any error in payment order sent by the Borrower to the Agent or any of the Lenders. 120
Wire Transfer Procedures. Wire transfers to and from the Bank Accounts are subject to the provisions of Section 4A of the Uniform Commercial Code, and you must follow procedures established from time to time by the Bank. We may decline to accept or process a wire transfer that is not consistent with these procedures. We are not responsible for wire transfers that do not follow these procedures, or for the actions or omissions of third-party financial institutions or by you in connection with wire transfers. For wire transfers to a Bank Account, you must provide the sender with the routing number and account number of the Bank Account, as well as the full name in which the Bank Account is held. We may rely solely on routing and account numbers in crediting wire transfers to your Bank Account. We may not accept wire transfers in currency other than U.S. fiat currency. We may refuse to accept all or any part of a deposit to your Bank Accounts at any time, and we will not be liable to you for doing so, even if such action causes outstanding transactions to be dishonored and returned or payment orders to be rejected. For wire transfers from the Bank Accounts, an Authorized Representative must call us toll free at 1-833-333-JIKO (0-000-000-0000) or if calling from outside the United States at 0-000-000-0000 or email us at xxxxxxx@xxxx.xx at least two (2) business days before you desire the wire transfer to be initiated. For your protection, we may call back an Authorized Representative other than the one who called us to confirm the wire transfer request. Wire transfers from a Bank Account are funded by transfers from your linked Xxxx Xxxxxxxxx Account as discussed below and will be sent only if there are sufficient available funds in the Bank Account following such a transfer to fund the wire transfer. We reserve the right to refuse any withdrawal or transfer request that is attempted by any method not specifically permitted or that exceeds any amount or frequency limitations established by us from time to time. The Bank is under no obligation but will make a good faith effort to notify you if the Bank refuses to honor your wire transfer request. You also acknowledge that any request executed by the Bank will be subject to rules and regulations applicable to payment orders, including record keeping and information transmittal requirement under applicable law. Cutoff Hours. The cutoff hour applicable to domestic wire transfers requests is 2:30 p.m., Central Standard Time on any business ...
