Automated Clearinghouse Sample Clauses

Automated Clearinghouse settles on the next business day. Note that amounts disbursed from an account (other than as referenced Federal regulation and contractual obligations to NFS require that we obtain your name, date of in Disbursements below) or purchases made in an account will result in a corresponding “cost” to NFS. This occurs because NFS provides funding for these disbursements or purchases one day prior to the receipt of funds from the account’s core account. These “costspotentially reduce or eliminate any benefit that NFS derived from the receipts described previously.
Automated Clearinghouse. From time to time, you may be a party to an automated clearinghouse (ACH) entry, which may be credited or charged to your share draft account. You agree to be bound by the National Clearinghouse Association (NACHA) operating rules then in effect for any ACH transactions. You agree that we may rely on the representations and warranties of the originator of the ACH transaction set forth in the NACHA operating rules in debiting or crediting your account. We will notify you of the receipt of any ACH entry only in your account statement, and you may confirm receipt by calling the telephone number listed in the “Credit Union Contactssection of this Agreement. You agree that payment of ACH entries will be processed on the basis of the identifying number, even if the identifying number identifies a person or entity different from the named party in the transaction. If you receive an unauthorized transaction posted to your account, you have sixty (60) days, from the date of the posting to notify us to return the item as unauthorized. We will not be able to return the item after that time without the cooperation and agreement of the originating bank and the originating company. Any other action must be conducted between you and the originator of the transaction. The prime share account is not a transaction account with electronic withdraws limited by Regulation D. ACH withdraws may not be paid if accessing the prime share account. Please note that the ACH system may not be used to process transactions in violation of Office of Foreign Assets Control (“OFAC”) sanctions. At a minimum, illicit transactions will be blocked or rejected and originators of such ACH transactions may face penalties. From time to time a merchant may ask to use one of your drafts as a source of account information in order to initiate an electronic withdrawal from your account. The merchant should ask you to sign an authorization form and give you a receipt for the transaction. If you authorize such a transaction, the merchant will use certain information obtained from one of your drafts (which may be blank, partially or completely filled out and signed or unsigned), along with certain other information concerning the transaction (such as the amount), to initiate an ACH debit transaction against your account. At that point, the merchant should xxxx the draft void and give it back to you (you should treat the voided draft with care because someone else who obtains possession of it could use t...
Automated Clearinghouse. All payments made by CVS to Cardinal under this Agreement will be made via ACH, to a financial institution designated by Cardinal, so as to provide Cardinal with good funds immediately available to Cardinal on the date such payment is due according to the schedule set forth in the Section 4 Disclosure Schedule. In the event that ACH is temporarily interrupted or cannot be utilized, CVS will seek alternative payment methods to ensure that Cardinal receives good funds immediately available to Cardinal on the date such payment is due.
Automated Clearinghouse. TIS may accept on Your behalf automated clearing house (“ACH”) payments to your Truist Brokerage Account which have been transmitted through one or more automated clearing houses. Your rights and obligations regarding such payments shall be construed in accordance with and governed by the Electronic Funds Transfer Act, the laws of the State of North Carolina, federal law and as provided by the operating rules of the National Automated Clearing House Association (“NACHA”). Under the NACHA operating rules, TIS is not required to give you next day notice of receipt of an ACH item, and TIS will not do so. You will, however, continue to receive notice of payments in the periodic statements provided to you. Credit given by TIS to you with respect to an ACH entry is provisional until TIS receives final settlement for such entry. If TIS does not receive such final settlement, you agree that TIS is entitled to an immediate refund of any amount credited to you in connection with any such entry.

Related to Automated Clearinghouse

  • Trademark Clearinghouse 4.1 Notwithstanding the requirements of Section 2.8 of the Agreement, Section 1 of Specification 7 to the Agreement and Section 2 of the Trademark Clearinghouse Rights Protection Mechanism Requirements (the “TMCH Requirements”), Registry Operator is not required to provide a Sunrise Period (as defined in the TMCH Requirements) or, except as set forth herein, otherwise comply with the obligations set forth in Section 2 of the TMCH Requirements (collectively, the “Sunrise Requirements”) so long as the TLD continues to be qualified as a .Brand TLD by ICANN.

  • Sweep or Automated Cash Management Upon receipt of Instructions, the Custodian shall invest any otherwise uninvested cash of any Fund held by the Custodian in a money market mutual fund, a cash deposit product, or other cash investment vehicle made available by the Custodian from time to time, in accordance with the directions contained in such Instructions. A fee may be charged or a spread may be received by the Custodian for investing the Fund’s otherwise uninvested cash in the available cash investment vehicles or products. The Custodian shall have no responsibility to determine whether any purchases of money market mutual fund shares or any other cash investment vehicle or cash deposit product by or on behalf of the Funds under the terms of this section will cause any Fund to exceed the limitations contained in the 1940 Act on ownership of shares of another registered investment company or any other asset or portfolio restrictions or limitations contained in applicable laws or regulations or the Funds’ prospectus. Each Fund agrees to indemnify and hold harmless the Custodian from all losses, damages and expenses (including attorney’s fees) suffered or incurred by the Custodian as a result of a violation by such Fund of the limitations on ownership of shares of another registered investment company or any other cash investment vehicle or cash deposit product.

  • ACH If you choose to link your bank account, you will be requested to select your bank among a directory of banks and you will be prompted to provide your bank user name and password and to select the particular account. You may also confirm your bank account by confirming micro deposits in lieu of using your user name and password. (b)

  • Electronic Funds Transfer Contractor agrees to enroll in Electronic Funds Transfer (EFT), offered by the State’s Chief Financial Officer within thirty (30) days of the date the last Party has signed this Contract. Copies of the Authorization form and a sample blank enrollment letter can be found on the vendor instruction page at: xxxx:// Questions should be directed to the EFT Section at (000) 000-0000. Once enrolled, invoice payments will be made by EFT.

  • designated Trademark Clearinghouse If there is a conflict between the terms and conditions of this Agreement and the Trademark Clearinghouse Requirements, the terms and conditions of this Agreement shall control.

  • Depository Depository shall mean The Depository Trust Company ("DTC"), a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 ("Exchange Act"), its successor or successors and its nominee or nominees. The term "Depository" shall further mean and include any other person authorized to act as a depository under the 1940 Act, its successor or successors and its nominee or nominees, specifically identified in a certified copy of a resolution of the Board.

  • Transfer Agent Services The Transfer Agent will perform the following services: In accordance with the procedures established from time to time by agreement between the Fund and the Transfer Agent, the Transfer Agent shall:

  • Cash Management Services Funds received by Transfer Agent in the course of performing its services hereunder will be held in demand deposit bank accounts or money market fund accounts in the name of Transfer Agent (or its nominee) as agent for the Funds.

  • Securities Depositories and Book-Entry Systems The Custodian may deposit and/or maintain Securities of the Fund in a Securities Depository or in a Book-Entry System, subject to the following provisions:

  • Securities Depositories (a) Bank hereby represents to Customer that each securities depository listed on Schedule B is an Eligible Securities Depository. If Schedule B is amended, this representation shall be effective as to the amended Schedule on the date of such amendment. Bank shall promptly advise Customer if any securities depository listed on Schedule B ceases to be an Eligible Securities Depository.