Decision Deadlines Sample Clauses

Decision Deadlines. Deadlines by which time daily decisions must be inputted and submitted on Exception Cheques are: (i) with respect to any RBC processing centre other than the Halifax processing centre, for Canadian dollar cheques and for US dollar cheques drawn on accounts without a US Par Crossed service agreement, 2:00 p.m. local time based on the location of the RBC processing centre associated with the account on the day Royal Bank provides the notice of the Exception Cheque, or (ii) with respect to the Halifax processing centre, for Canadian dollar cheques and for US dollar cheques drawn on accounts without a US Par Crossed service agreement, 1:00 p.m. local time on the day Royal Bank provides the notice of the Exception Cheque, or (iii) for US dollar cheques drawn on accounts with a US Par Crossed service agreement, 1:00 p.m. E. T. on the day Royal Bank provides the notice of the Exception Cheque. These deadlines apply on all Business Days. The earlier deadline for US dollar cheques drawn on accounts with a US Par Crossed service agreement is to enable Royal Bank to comply with the deadlines for returning cheques in the US.