Common use of Debit Entries Clause in Contracts

Debit Entries. When you initiate a debit Entry, you will receive immediately available funds in the Authorized Accounts for such Entry on the applicable effective date or the next banking day after our receipt of the debit Entry information from you.. You will promptly provide good collected funds into the affected Authorized Account to repay us for the amount of the Entry if any debit Entry is rejected after we have permitted you to withdraw good collected funds in the amount thereof or if any adjustment memorandum that relates to any such Entry is received by us.

Debit Entries. When you initiate a debit Entry, you will receive immediately available funds in the Authorized Accounts for such Entry on the applicable effective date or the next banking day after our receipt of the debit Entry information from you.. . You will promptly provide good collected funds into the affected Authorized Account to repay us for the amount of the Entry if any debit Entry is rejected after we have permitted you to withdraw good collected funds in the amount thereof or if any adjustment memorandum that relates to any such Entry is received by us.