Examples of ACH in a sentence
You understand and agree that since the original check is your property, it will not be returned and the Bank may charge back an image of the check, an ACH debit, or other electronic or paper debit, as applicable, to your account.
Collateral Agent and each Lender may debit (or ACH) any deposit accounts maintained by Borrower or any of its Subsidiaries for principal and interest payments or any other amounts Borrower owes the Lenders under the Loan Documents when due.
Any such debits (or ACH activity) shall not constitute a set off.
The EBAgreement should be read in conjunction with the Mobile Check Deposit Addendum (“MCDAddendum”), Cash Management Addendum (“CMAddendum”), Bill Pay Agreement (“BPAgreement”), and ACH Origination Agreement (“ACHAddendum”) as these apply to additional services you may have enrolled in.
If your ACH Origination Agreement is terminated for any reason, we may, in our sole discretion and without notice to you, terminate your use of this CMService.