Common use of Evidence of Authorization Clause in Contracts

Evidence of Authorization. The NACHA Rules require Customer to obtain authorizations from all Receivers, consumer and corporate, and Customer shall retain such consents and authorizations for two (2) years after they expire. Customer must provide a copy of the authorization to Consumer Receivers for Debit Entries to be initiated and must respond to Bank within five

Evidence of Authorization. The NACHA Nacha Rules require Customer to obtain authorizations from all Receivers, consumer and corporate, and Customer shall retain such consents and authorizations for two (2) years after they expire. Customer must provide a copy proof of the authorization to Consumer Receivers for Debit Entries to be initiated and must respond to Bank within five

Evidence of Authorization. The NACHA Rules require Customer Client to obtain authorizations from all Receivers, consumer and corporate, and Customer Client shall retain such consents and authorizations for two (2) years after they expire. Customer Client must provide a copy of the authorization to Consumer Receivers for Debit Entries to be initiated (special rules are set forth in the WEB and TEL addenda) and must respond to Bank within fivefive (5) Business Days of a request with an accurate record evidencing the Receiver’s authorization. Upon request, Bank will provide forms for authorizations.