Entry Settlement. Company shall provide Bank with immediately available funds not later than close of business local time on each Settlement Date sufficient to pay all Entries initiated by Company which are to be settled on that date. Company hereby authorize and instruct Bank to make deposits, withdrawals and transfers to and from Company Accounts as appropriate or necessary in connection with any of the ACH services provided by Bank under this Agreement. Notwithstanding anything in this Agreement to the contrary, Bank reserves the right to require that sufficient collected funds be in Company Accounts prior to the time any Entry is processed by Bank under this Agreement.
Appears in 3 contracts
Sources: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement