Common use of ACH Entries Clause in Contracts

ACH Entries. Electronic transfers that are made through the Automated Clearing House Network (“ACH”) are subject to the rules of the ACH, and you agree to be bound by the Operating Rules of the ACH, including the rule making payment to the recipient provisional until receipt by the recipient’s bank of final settlement of the credit transaction. If final settlement is not received, you will not be deemed to have paid the recipient the amount of the electronic transfer. Furthermore, you agree that any payment by us to you for any returned credit entry or credit reversal is provisional until receipt by us of final settlement for such entry. If final settlement is not received, we are entitled to a refund from you of the amount credited, and we may charge your account for the amount credited. We may refuse to permit the use of any amount credited for a credit reversal if we believe that there may not be sufficient funds in your account to cover charge back or return of such reversal.

ACH Entries. Electronic To the extent electronic transfers that are made through the Automated Clearing House Network (“"ACH”") they are subject to the rules of the ACH, and you agree to be bound by the Operating Rules of the ACH, including the rule making payment to the recipient provisional until receipt by the recipient’s 's bank of final settlement of the credit transaction. If final settlement is not received, you will not be deemed to have paid the recipient the amount of the electronic transfer. Furthermore, you agree that any payment by us to you for any returned credit entry or credit reversal is provisional until receipt by us of final settlement for such entry. If final settlement is not received, we are entitled to a refund from you of the amount credited, and we may charge your account for the amount credited. We may refuse to permit the use of any amount credited for a credit reversal if we believe that there may not be sufficient funds in your account to cover charge back or return of such reversal.

ACH Entries. Electronic transfers payments that are made through the Automated Clearing House Network (“ACH”) ACH are subject to the rules of the ACHNACHA rules, and you agree to be bound by the Operating Rules of the ACH, including the rule making payment to the recipient Payee provisional until receipt by the recipientPayee’s bank of final settlement of the credit transaction. If final settlement is not received, you will not be deemed to have paid the recipient Payee the amount of the electronic transferbill payment. Furthermore, you agree that any payment by us the Bank to you for any returned credit entry or credit reversal is provisional until receipt by us the Bank of final settlement for such entry. If final settlement is not received, we are the Bank is entitled to a refund from you of the amount credited, and we the Bank may charge your account Account for the amount credited. We The Bank may refuse to permit the use of any amount credited for a credit reversal if we believe the Bank believes that there may not be sufficient funds in your account Account to cover charge charge-back or return of such reversal.