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Agmt16 Wells Fargo Bank
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Agmt16 Wells Fargo Bank
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Last modified
8/30/2016 1:00:51 PM
Creation date
8/30/2016 12:49:11 PM
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Template:
Agreement
Contractor Name
Wells Fargo Bank
PROJECT NAME
Banking Services
Date
8/28/2016
MO Ref
16-138
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_.._.._ rr��f�r�ll - '' _ r���l...__ <br /> I <br /> continue until Bank receives express written notice from Company that such authority is <br /> revoked. <br /> 12. Limitation of Bank's Liability. If Bank executes Company's Payment Order by sending <br /> instructions to another financial insMution, Bank may send the payment order by any <br /> transmission method and by any route Bank in its sole discretion considers reasonable. Bank <br /> will not be liable for any third party's failure to or delay or error in processing a Payment Order. <br /> If the beneficiary bank does not pay the beneficiary specified in the Payment Order,a refund will <br /> be made only after Bank has received conflrmation of the effective cancellation of the Paymerrt <br /> Order and Bank is in free possession of the funds debited or earmarked in connection with the <br /> Payment Order. If Bank is notified it did not transfer the full amount stated in a Payment Order, <br /> Bank's sole obligation will be to promptly execute a second Payment Order in the amount of the <br /> stated deficiency: If Bank executes a Payment Order in excess of the amount stated in the <br /> Payment Order, to the extent Company does not receive the benefit of the Paymerrt Order, <br /> Bank will anly be liable for any loss of the principal amount transfe�red in excess of the amount <br /> stated in the Payment Order. Additionally, Bank will be liable fo� the amount of iMerest <br /> Company has lost due to the transfer of the excess amount, computed at the then current <br /> Federat Funds rate. However, Bank's liability for loss of interest will be limited to twenty (20) <br /> calendar day's interest. This seetion sets forth Bank's complete liability fo� a Payment Order <br /> issued or received under this Service Description. <br /> 13. Survival. Sections 4, 5, 6, 7, 8, 8� 70� 11 and 12 will survive the tertnination of Services. <br /> O 20f4 Weqs Fargo Bank,N.A All rights reserved. <br /> TM-1440 Wim Transf�erSeMce Descriptior► Paqe 5 of5 <br /> Revlsed 04-30-2014 <br /> ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT <br />
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