Common use of Entry Settlement Clause in Contracts

Entry Settlement. You shall provide HVCU with immediately available funds not later than 2:30 p.m. one banking day before each Settlement Date sufficient to pay all Entries initiated by you which are to be settled on that date. You hereby authorize and instruct HVCU to make deposits, withdrawals and transfers to and from your account as appropriate or necessary in connection with any of the ACH services provided by under this Addendum. Notwithstanding anything in this Addendum to the contrary, HVCU reserves the right to require that sufficient collected funds be in your Account prior to the time any Entry is processed by HVCU under this Addendum.

Entry Settlement. You shall provide HVCU HVFCU with immediately available funds not later than 2:30 p.m. one banking day before each Settlement Date sufficient to pay all Entries initiated by you which are to be settled on that date. You hereby authorize and instruct HVCU HVFCU to make deposits, withdrawals and transfers to and from your account as appropriate or necessary in connection with any of the ACH services provided by under this Addendum. Notwithstanding anything in this Addendum to the contrary, HVCU HVFCU reserves the right to require that sufficient collected funds be in your Account prior to the time any Entry is processed by HVCU HVFCU under this Addendum.