Automated Clearing House Transfers Sample Clauses

Automated Clearing House Transfers. Each Borrower may request and the Lenders' Agent may, in its sole and absolute discretion, arrange for such Borrower to obtain from the Bank ACH Transactions. Each Borrower agrees to indemnify and hold the Lenders' Agent harmless from any and all obligations now or hereafter owing by the Lenders' Agent to the Bank arising from or related to such ACH Transactions pursuant to the indemnity referred to in clause (c) below. Each Borrower agrees to pay the Bank all amounts owing to the Bank pursuant to ACH Transactions. In the event any Borrower shall not have paid to the Bank such amounts, the Lenders' Agent shall pay such amounts to the Bank and such amounts when paid by the Lenders' Agent shall constitute a Revolving Loan which shall be deemed to have been requested by the Borrowers' Agent. Each Borrower acknowledges and agrees that the obtaining of ACH Transactions from the Bank (a) is in the sole and absolute discretion of the Bank, (b) is subject to all rules and regulations of the Bank, and (c) is due to the Bank relying on the indemnity of the Lenders' Agent to the Bank with respect to obligations of such Borrower to the Bank in connection with the ACH Transactions.
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Automated Clearing House Transfers. Money can be credited to or debited from Your Account because of ACH or other money transfer entries. These credits and debits are normally subject to additional rules of the money transfer system that processes them, such as the rules of the National Automated Clearing House Association and local ACH operating rules. An ACH credit entry to Your Account is provisional until the Bank receives final settlement through a Federal Reserve Bank or otherwise receives payment as provided in Section 403(a) of Article 4A of the Uniform Commercial Code. The Bank is entitled to a refund of the credit entry if it does not receive final settlement or payment. In that case, the person who originally sent the credit entry will be considered not to have paid You. In addition, unless required by applicable law, Pershing will generally not give You notice of the receipt of an entry by the Bank. Entries will, however, be included on Your Account statement. For instructions on how to make stop payment orders on preauthorized ACH payments, see Section C.4.e.
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Automated Clearing House Transfers 
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Related to Automated Clearing House Transfers

  • Funds Transfers With respect to each Instruction for a Cash transfer, when the Instruction is to credit or pay a party by both a name and a unique numeric or alpha-numeric identifier (e.g., IBAN or ABA or account number), BNY Mellon and any other bank participating in the Cash transfer will be entitled to rely solely on such numeric or alpha-numeric identifier, even if it identifies a party different from the party named. Such reliance on an identifier will apply to beneficiaries named in the Instruction, as well as any financial institution that is designated in the Instruction to act as an intermediary in such Cash transfer. To the extent permitted by applicable law, the Parties will be bound by the rules of any transfer system used to effect a Cash transfer under this Agreement.

  • Wire Transfers Coordinate and implement bank-to-bank wire transfers in connection with Series share purchases and redemptions by Institutions;

  • Instructions to Custodian The Sub-Adviser shall have authority to issue to each Fund’s custodian such instructions as it may consider appropriate in connection with the settlement of any transaction relating to a Fund that it has initiated. The Adviser shall ensure that each Fund’s custodian is obliged to comply with any instructions of the Sub-Adviser given in accordance with this Agreement. The Sub-Adviser will not be responsible for supervising a Fund’s custodian.

  • Denominations; Transfers and Exchanges All Notes will be in registered form, without coupons, in principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange this Note by presenting it to the Registrar and delivering any required documentation or other materials.

  • Rule 144A Transfers If the transfer is being effected in accordance with Rule 144A:

  • Transfers (1) Each Contracting Party shall guarantee that all payments relating to an investment by an investor of the other Contracting Party may be freely transferred into and out of its territory without delay. Such transfers shall include, in particular:

  • International Data Transfers The Company and the Stock Plan Administrator are based in the United States. The International Participant should note that the International Participant’s country of residence may have enacted data privacy laws that are different from the United States. The Company’s legal basis for the transfer of the International Participant’s personal data to the United States is the International Participant’s consent.

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