Debit Entries. Bank shall on the applicable Settlement Date credit the Account with the amount of each debit Entry transmitted by Bank. In the event any Entry is returned in accordance with the Rules by a Receiving Depository after Bank has provided credit, Company shall, upon demand, repay Bank the amount of the Return Entry. Bank may require Company to maintain reserves in order to adequately cover return items. Cut-off times are posted within the Business Online Banking programs and can also be located at ▇▇▇.▇▇▇▇.▇▇▇. Any ACH transmission received by Bank after its daily Cut-off time shall be deemed to have been received by Bank at the opening of its next Business Day.
Appears in 3 contracts
Sources: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement