Debit Entries. On the applicable Settlement Date your Account will automatically be credited for the total of the debit Entries transmitted to F&M BANK by its Automated Clearing House. In the event any Entry is properly returned by a Receiving Depository Financial Institution after F&M BANK has provided credit, (i) Company shall, upon demand, repay F&M BANK the amount of the returned Entry or Depository Transfer Check, or (ii) F&M BANK may, at its election, set off such amounts against any Company Account.
Appears in 2 contracts
Sources: Treasury Management Agreement, Treasury Management Agreement