Laserfiche WebLink
(b) Financial Institution shall be liable only for Company's actual damages; in no event shall <br /> Financial Institution be liable for any consequential, special, incidental, punitive or indirect <br /> loss or damage which Company may incur or suffer in connection with this Agreement, <br /> whether or not the likelihood of such damages was known or contemplated by the Financial <br /> Institution and regardless of the legal or equitable theory of liability which Company may <br /> assert, including, without limitation, loss or damage from subsequent wrongful dishonor <br /> resulting from Financial Institution's acts or omissions pursuant to this Agreement. <br /> (c) Without limiting the generality of the foregoing provisions, Financial Institution shall be <br /> excused from failing to act or delay in acting if such failure or delay is caused by legal <br /> constraint, interruption of transmission or communication facilities, equipment failure, war, <br /> emergency conditions or other circumstances beyond Financial Institution's control. In <br /> addition, Financial Institution shall be excused from failing to transmit or delay in <br /> transmitting an Entry if such transmittal would result in Financial Institution's having <br /> exceeded any limitation upon its intra-day net funds position established pursuant to present <br /> or future Federal Reserve guidelines or in Financial Institution's reasonable judgment <br /> otherwise violate any provision of any present or future risk control program of the Federal <br /> Reserve or any rule or regulation or any other U.S. governmental regulatory authority. <br /> (d) Subject to the foregoing limitations, Financial Institution's liability for loss of interest <br /> resulting from its error or delay shall be calculated by using a rate equal to the average <br /> Federal Funds rate at the Federal Reserve Financial Institution of Minneapolis for the period <br /> involved. At Financial Institution's option, payment of such interest may be made by <br /> crediting the Account resulting from or arising out of any claim of any person that Financial <br /> Institution is responsible for any act or omission of Company or any other person described <br /> in Section I5(a). <br /> 16. Inconsistency Of Name And Account Number. 1 <br /> Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by <br /> name and account number, payment of the Entry transmitted by Financial Institution to the <br /> Receiving Depository Financial Institution may be made by the Receiving Depository Financial <br /> Institution (or by Financial Institution in the case of an On-Us Entry) on the basis of the account <br /> number supplied by the Company, even if it identifies a person different from the named <br /> Receiver, and that Company's obligation to pay the amount of the Entry to Financial Institution <br /> is not excused in such circumstances. <br /> 17. Notifications of Change. <br /> Financial Institution shall notify Company of all notifications of change received by Financial <br /> Institution relating to Entries transmitted by Company by mutually agreeable means, including <br /> email,no later than two business days after receipt thereof by phone, electronic transmission, <br /> including e-mail, or in writing. <br /> Page 7 of 12 <br />