Credit Entries Requiring Prefunding Sample Clauses

Credit Entries Requiring Prefunding. We, in our discretion, may require you to prefund Entries. “Prefunding” means you ensure that when you transmit a File to us, you have, sufficient available funds in your Account to cover that File. If we require you to Prefund, we will not process any File containing Credit Entries when your Account does not contain sufficient available funds to cover the file, regardless of whether we may have done so in the past. Files presented against your Account with insufficient available funds will be suspended, and an NSF fee will be charged. If your Account is not funded within two (2) days of the Effective Date, the suspended file will be automatically deleted. You agree to pay all fees charged by us in connection with Prefunding, and authorize us to debit such fees from your Account.
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Credit Entries Requiring Prefunding. We, in our discretion, may require you to prefund Entries. “Prefunding” means you ensure that when you transmit a File to us, you have, or will have on the Processing Date, sufficient available funds in your Account to cover that File. If we require you to Prefund, we will not process any File containing Credit Entries when your Account does not contain sufficient available funds to cover the File, regardless of whether we may have done so in the past, or if you have exceeded your Aggregate Limits for that day. Files presented against your Account with insufficient available funds will be suspended, and an NSF fee will be charged. If your Account is not funded within two

Related to Credit Entries Requiring Prefunding

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  • Modification of Commitments 1. For a period of 12 months from the date of entry into force of this Agreement, a Member State may adopt any measures or modify any of its reservations made in the Schedule under Article 9 (Reservations) for prospective applications to investors of any other Member States and their investments, provided that such measures or modification shall not adversely affect any existing investors and investments.

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