Debit Entries. We shall credit the ACH Account with the amount of each debit Entry transmitted to us by our Automated Clearing House upon expiration of the Credit Hold Period. In the event any Entry is properly returned by a Receiving Depository Financial Institution after we have provided credit, (i) you shall, upon demand, repay us the amount of the returned Entry or Depository Transfer Check, or (ii) we may, at our election, set off such amounts against any of your accounts.
Appears in 3 contracts
Sources: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement