Common use of Your Obligation to Examine Records and Report Discrepancies Clause in Contracts

Your Obligation to Examine Records and Report Discrepancies. i. We provide various confirmations and statements of your activities. It is your obligation to examine those statements and report any discrepancies. For certain services (Balance and Statement Reporting, Funds Transfer Services, and Foreign Exchange & Money Market Confirmation Delivery Services), we will send an e-mail confirmation to your Primary Contact person of each user’s session activity after that user has logged out of our cash management services. If a session includes funds transfers or foreign exchange & money market confirmations, confirmation of the funds transfers or foreign exchange & money market confirmations transacted during that session will be included in the Primary Contact person’s e-mail confirmation. You agree that your Primary Contact person, as your representative, shall review all e-mail confirmations and shall notify us immediately if there are any discrepancies in any e-mail confirmation of a funds transfer or foreign exchange & money market confirmations (other than one relating to an employee’s access level, which should be promptly reported to your Primary Contact person). The Bank provides no separate written confirmation of individual funds transfers or foreign exchange & money market confirmations conducted through our online banking services other than the session activity e-mail confirmations sent to your Primary Contact person’s e-mail address.