Effective Authorizations. Each such authorization with respect to an Entry is operative at the time of transmittal or debiting/crediting by Bank as provided herein; and at the time each Entry is processed by Bank, Client has no knowledge of revocation by such Receiver of such authorization, and Client has no knowledge of any revocation by such RDFI of its agreement to accept such Entry, or any knowledge that such Receiver's authorization for such Entry has been terminated, in whole or in part, by operation of law or otherwise;
Appears in 4 contracts
Sources: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement
Effective Authorizations. Each such authorization with respect to an Entry is operative at the time of transmittal or debiting/crediting by Bank as provided herein; and at the time each Entry is processed by Bank, Client Customer has no knowledge of revocation by such Receiver of such authorization, and Client Customer has no knowledge of any revocation by such RDFI of its agreement to accept such Entry, or any knowledge that such Receiver's ’s authorization for such Entry has been terminated, in whole or in part, by operation of law or otherwise;
Appears in 1 contract