Examples of Collected Funds in a sentence
All credits for Collected Funds and debits for fees, payments and Returned Items (defined below) shall be made to the Settlement Account.
In the event there are not sufficient Available, Collected Funds in the Authorized Account to cover Company’s obligations under this ACH Agreement, Company agrees that Bank may Debit any account maintained by Company with Bank or any affiliate of Bank or that Bank may set off against any amount it owes to Company, in order to obtain payment of Company’s obligations under this ACH Agreement.
If no such agreement can be reached during the 45-day period for good faith negotiation set forth in Section 8.6(b), but in any event upon the expiration of such 45-day period, either Acquirer or the Securityholders’ Agent may bring an arbitration in accordance with the terms of Section 9.12 to resolve the matter.
Bank shall not be obligated to honor any fund transfer entries if the amount to be transferred exceeds the Available Collected Funds.
Bank shall have no liability to Company should the amount to be transferred exceed the Available Collected Funds.