Debits and Credits. A separate Capital Account shall be maintained for each Member in accordance with the applicable provisions of the Treasury Regulations,
Debits and Credits. If the Bank has a reasonable doubt that you are entitled to an End User Payment, the Bank may in our sole discretion and to the extent permitted under applicable law: (i) delay crediting your Account for the End User Payment; (ii) delay your availability to funds credited to your Account for the End User Payment; or (iii) delay your availability to funds maintained in your Account or any other Account you maintain with the Bank in the amount of the End User Payment. The Bank may in our sole discretion reject an End User Payment if: (a) it does not contain all of the required information; (b) is post dated; (c) the Bank has reasonable doubt that you are entitled to the End User Payment; (d) your Account with the Bank is not open to receive deposits when the Bank receives the End User Payment; or (e) if the Bank is not permitted by law to accept credits to any of your Accounts when the Bank receives the End User Payment. The Bank will reject any End User Payment directed to you that the Bank receives after MasterCard RPPS Services has been terminated. The Bank is not obligated to give you separate notices of acceptance or rejection of End User Payments. You agree to pay and the Bank is authorized to debit from your Account any amounts improperly or erroneously credited to your Account, including, without limitation, any credits that reflect duplicative End User Payments or End User Payments otherwise in error and any other sums (including sums in excess of the related End User Payment amount) that the Bank is required to pay or refund to an end user’s financial institution or end user pursuant to the regulations, or by any other law. (If you reimburse a duplicate End User Payment that you are required by law to reimburse by a means other than through MasterCard RPPS, you shall notify the Bank prior to such reimbursement.) Bank may exercise its right of setoff with regard to any funds the Bank receives as a result of an End User Payment or any funds in any Account you maintain with the Bank. In addition, the Bank may reduce any subsequent payment the Bank owes to you under MasterCard RPPS Services, that the Bank deems necessary because of any adjustment, error, termination of MasterCard RPPS Services, fees owed to the Bank, any acts or omissions in breach of MasterCard RPPS Services by you, or any other obligation you owe to the Bank arising under MasterCard RPPS Services or any other agreement between you and the Bank.
Debits and Credits. All debits and credits made pursuant to this AMENDMENT shall be posted to the DESIGNATED ACCOUNT. All ACH and credit card transaction debits and credits must be deposited into one DESIGNATED ACCOUNT per Merchant Identification Number (“MID”). You agree to maintain sufficient balances in available funds in the DESIGNATED ACCOUNT to cover all credit transactions you submit to us. If the DESIGNATED ACCOUNT does not have a sufficient balance, we may, at our option, either debit any other account of yours to provide such balances or decline to forward such transactions. We may require you to pre-fund certain types of ACH transactions. You agree to immediately reimburse us for any overdrafts created by transactions initiated for you, whether through originating credit transactions for which there were not sufficient funds, or for returns received by us in respect of originating debit transactions or otherwise.
Debits and Credits. We receive electronic Automated Clearing House (ACH) debit and credit transaction data files daily (except Saturdays, Sundays and Federal Holidays) from the Federal Reserve, which include ACH electronic funds transfer and bill payment debits, and ACH credits. ACH credits are deposited to your account first when we upload the data file. ACH payments (debits) are then debited from your account and are paid in low to high dollar value order. When we receive more than one data file, any ACH credits are posted first and then the debits will also be debited from your account in low to high dollar value order. For example, we could process a data file in the morning (debited from your account and paid in low to high dollar value order) and then again in the afternoon (debited from your account and paid in low to high dollar value order). • Point of Sale (POS) Debit Card Purchase and Payment Transactions. These are transactions where you use your debit card and you enter your Personal Identification Number (PIN) at the time of the transaction. They are similar to ATM withdrawals because money is usually deducted from your account immediately at the time of the transaction. However, some POS transactions are not presented for payment to us immediately; it depends on the merchant. These transactions are posted (debited) to your account when they are received by us. • Signature Point of Sale (POS) Debit Card Purchase and Payment Transactions. These are transactions where you use your debit card but do not enter your PIN, but instead may be asked to sign for the transaction. As described above, in these situations, the merchant may request our preauthorization for the transaction. When that happens, we generally reduce the available balance in your account by the amount we are asked to authorize. Debit card signature transaction preauthorizations are deducted from your available balance but not your actual balance as received by us throughout each day. At some point after you sign for the transaction, it is processed by the merchant and submitted to us for payment. This can happen hours or sometimes days after you signed for it, depending on the merchant and its processing company. These payment transactions are submitted to us in real time throughout the day and are posted to your account as they are received. Note: The amount of a preauthorization may differ from the actual payment debited from your account, because the final transaction amount may not yet be known ...
Debits and Credits. You may authorize certain ACH transfers to and from your Credit One Bank Account depending on the type of Account. Each ACH transfer will be processed under the Operating Rules of the National Automated Clearing House Association (NACHA) and you agree that each transaction is subject to compliance with the NACHA rules. For more details on conducting ACH transfers, See the Funds Availability and Cutoff Times section below. Funds Availability and Cutoff Times We have established cutoff times for deposits to ensure we have time to accurately process transactions. If we receive a deposit before 11:59 p.m. Pacific Time on a Business Day, we will consider that Business Day to be the day of your deposit. However, if we receive a deposit after 11:59 p.m. Pacific Time or on a non-Business Day, we will consider the deposit as having been made the next Business Day. Requests for ACH Transfers at Credit One Bank made before 9:00 p.m. Pacific Time on a Business Day, shall be considered received on the Business Day the request is made. Requests for ACH Transfers at Credit One Bank made after 9:00 p.m. Pacific Time on a Business Day or on a non-Business Day, shall be considered received the next Business Day. Limits on Transfers When conducting transfers via ACH to or from an external bank account, certain limitations may apply to the amount of funds that can be transferred. These limits will be provided to you at the time of your transfer online or by telephone.
Debits and Credits. 7.1 The Secretariat will be responsible for the calculation of the financial debits and credits resulting from The Scheme, in accordance with the rules of The Scheme, utilising the information provided within the Scheme Year Summary Report.
Debits and Credits. The City agrees to maintain sufficient balances in available funds in the ACH Account to cover all transactions the City submits to the Bank. If the ACH Account does not have sufficient balances, the Bank may, at the Bank's option, either debit any other account of the City's with the Bank to provide such balances or decline to forward such transactions. Funds will be made available in accordance with the Funds Availability Policy for Cash Management Customers.
Debits and Credits. Manager shall cause Venture to maintain separate accounts of the capital for each Member ("Capital Account") reflecting such Member's Capital Interest in accordance with the applicable provisions of the Internal Revenue Code of 1986, as amended ("Code"), and the regulations issued thereunder ("Regulations").
Debits and Credits. For an FX CFD, the Contract Value of the FX CFD, all debits and credits in respect of the FX CFD and the Closing Value of the FX CFD will be denominated in the Settlement Currency. If the Client does not have a Foreign Currency Ledger balance in its CFD Account in the relevant Foreign Currency or the Settlement Currency (as applicable), then when the Client enters into a CFD, MFGA will establish a Foreign Currency Ledger in the client’s CFD Account in that currency.
Debits and Credits. For an Index and Commodity CFD, the Open Contract Value of the Index and Commodity CFD, all debits and credits in respect of the Index and Commodity CFD and the Contract Value and Closing Value of the Index and Commodity CFD will be denominated in the Relevant Currency. If the Client does not have a Foreign Currency Ledger in its CFD Account in the Relevant Currency, then when the Client enters into an Index and Commodity CFD, MFGA will establish a Foreign Currency Ledger in the client’s CFD Account in the Relevant Currency.
