Common use of Exposure Limits Clause in Contracts

Exposure Limits. Sub-Merchant will comply with the monetary file limits established by WorkWave based on regulatory file limit guidelines. Sub-Merchant agrees that WorkWave will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. WorkWave will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entries or other In-Process Entries suspended by WorkWave will not settle on their scheduled settlement date. If Sub-Merchant wishes to initiate an Entry through WorkWave that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave its request to initiate such Entry nevertheless. Sub-Merchant must submit its request at least two (2) Banking Days prior to the date on which Sub- Merchant wishes to initiate such Entry. WorkWave may require from Sub-Merchant financial or other information in connection with WorkWave’s consideration of such request. WorkWave may grant or deny the request in its sole discretion. In addition to the foregoing, WorkWave generally reserves the right to limit the nature and amount of preauthorized debit and credit Entries processed under this Agreement or to refuse to process any Entry if, in WorkWave ‘s sole judgment: (i) there is reasonable cause to believe that the Entry will be returned or will not settle in the ordinary course for any reason, (ii) to do otherwise would violate any limit set by the applicable ACH or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by WorkWave with respect to a particular preauthorized debit or credit Entry, WorkWave will notify Sub-Merchant as promptly as practicable, but in no event later than two (2) Banking Days after the decision. “

Exposure Limits. Sub-Merchant will shall comply with the monetary file limits established by WorkWave Fattmerchant based on regulatory file limit guidelinesguidelines as notified by Fattmerchant. Sub-Merchant agrees that WorkWave Fattmerchant will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. WorkWave Fattmerchant will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entries Entry or other In-Process Entries suspended by WorkWave Fattmerchant will not settle on their scheduled settlement dateSettlement Date. If Sub-Merchant wishes to initiate an Entry through WorkWave Fattmerchant that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave Fattmerchant its request to initiate such an Entry neverthelessthat otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) Banking Days banking days prior to the date on which Sub- Sub-Merchant wishes to initiate such the Entry that otherwise would be an Overlimit Entry. WorkWave Fattmerchant may require from Sub-Merchant financial or other information in connection with WorkWaveFattmerchant’s consideration of such the request. WorkWave Fattmerchant may grant or deny the request in at its sole discretion. In addition to the foregoing, WorkWave Fattmerchant generally reserves the right to limit the nature and amount of the preauthorized debit and debit/credit Entries processed under this Agreement or to refuse to process any Entry debit/credit Entries under this Agreement if, in WorkWave ‘s Fattmerchant 's sole judgment: judgment (i) there is reasonable cause to believe that the any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable ACH clearing house association or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by WorkWave Fattmerchant with respect to a particular preauthorized debit or debit/credit Entry, WorkWave Fattmerchant will notify Sub-Merchant as promptly as practicable, but in no event later than two (2) Banking Days after the decision. “two

Exposure Limits. Sub-Merchant will shall comply with the monetary file limits established by WorkWave Integrity Business Partners based on regulatory file limit guidelinesguidelines as notified by Integrity Business Partners. Sub-Merchant agrees that WorkWave Integrity Business Partners will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. WorkWave Integrity Business Partners will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entries Entry or other In-Process Entries suspended by WorkWave Integrity Business Partners will not settle on their scheduled settlement dateSettlement Date. If Sub-Merchant wishes to initiate an Entry through WorkWave Integrity Business Partners that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave Integrity Business Partners its request to initiate such an Entry neverthelessthat otherwise would be an Overlimit Entry. Sub-Sub- Merchant must submit its request at least two (2) Banking Days banking days prior to the date on which Sub- Sub-Merchant wishes to initiate such the Entry that otherwise would be an Overlimit Entry. WorkWave Integrity Business Partners may require from Sub-Merchant financial or other information in connection with WorkWave’s Integrity Business Partners’ consideration of such the request. WorkWave Integrity Business Partners may grant or deny the request in at its sole discretion. In addition to the foregoing, WorkWave Integrity Business Partners generally reserves the right to limit the nature and amount of the preauthorized debit and debit/credit Entries processed under this Agreement or to refuse to process any Entry debit/credit Entries under this Agreement if, in WorkWave ‘s Integrity Business Partners 's sole judgment: judgment (i) there is reasonable cause to believe that the any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable ACH clearing house association or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by WorkWave Integrity Business Partners with respect to a particular preauthorized debit or debit/credit Entry, WorkWave Integrity Business Partners will notify Sub-Merchant as promptly as practicable, but in no event later than two (2) Banking Days banking days after the decision. “.

Exposure Limits. Sub-Merchant will shall comply with the monetary file limits established by WorkWave Fattmerchant based on regulatory file limit guidelinesguidelines as notified by Fattmerchant. Sub-Merchant agrees that WorkWave Fattmerchant will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. WorkWave Fattmerchant will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entries Entry or other In-Process Entries suspended by WorkWave Fattmerchant will not settle on their scheduled settlement dateSettlement Date. If Sub-Merchant wishes to initiate an Entry through WorkWave Fattmerchant that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave Fattmerchant its request to initiate such an Entry neverthelessthat otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) Banking Days banking days prior to the date on which Sub- Sub-Merchant wishes to initiate such the Entry that otherwise would be an Overlimit Entry. WorkWave Fattmerchant may require from Sub-Merchant financial or other information in connection with WorkWaveFattmerchant’s consideration of such the request. WorkWave Fattmerchant may grant or deny the request in at its sole discretion. In addition to the foregoing, WorkWave Fattmerchant generally reserves the right to limit the nature and amount of the preauthorized debit and debit/credit Entries processed under this Agreement or to refuse to process any Entry debit/credit Entries under this Agreement if, in WorkWave ‘s Fattmerchant 's sole judgment: judgment (i) there is reasonable cause to believe that the any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable ACH clearing house association or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by WorkWave Fattmerchant with respect to a particular preauthorized debit or debit/credit Entry, WorkWave Fattmerchant will notify Sub-Merchant as promptly as practicable, but in no event later than two (2) Banking Days banking days after the decision. “.

Exposure Limits. Sub-Merchant will shall comply with the monetary file limits established by WorkWave American Payments Solutions LLC based on regulatory file limit guidelinesguidelines as notified by American Payments Solutions LLC. Sub-Merchant agrees that WorkWave American Payments Solutions LLC will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. WorkWave American Payments Solutions LLC will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entries Entry or other In-Process Entries suspended by WorkWave American Payments Solutions LLC will not settle on their scheduled settlement dateSettlement Date. If Sub-Merchant wishes to initiate an Entry through WorkWave American Payments Solutions LLC that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave American Payments Solutions LLC its request to initiate such an Entry neverthelessthat otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) Banking Days banking days prior to the date on which Sub- Sub-Merchant wishes to initiate such the Entry that otherwise would be an Overlimit Entry. WorkWave American Payments Solutions LLC may require from Sub-Merchant financial or other information in connection with WorkWave’s American Payments Solutions LLC’ consideration of such the request. WorkWave American Payments Solutions LLC may grant or deny the request in at its sole discretion. In addition to the foregoing, WorkWave American Payments Solutions LLC generally reserves the right to limit the nature and amount of the preauthorized debit and debit/credit Entries processed under this Agreement or to refuse to process any Entry debit/credit Entries under this Agreement if, in WorkWave ‘s American Payments Solutions LLC 's sole judgment: judgment (i) there is reasonable cause to believe that the any Entry will be returned or will not settle in the ordinary course courseof the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable ACH clearing house association or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by WorkWave American Payments Solutions LLC with respect to a particular preauthorized debit or debit/credit Entry, WorkWave American Payments Solutions LLC will notify Sub-Merchant as promptly as practicable, but in no event later than two (2) Banking Days banking days after the decision. “.

Exposure Limits. Sub-Merchant will shall comply with the monetary file limits established by WorkWave SimplePay based on regulatory file limit guidelinesguidelines as notified by SimplePay. Sub-Merchant agrees that WorkWave SimplePay will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. WorkWave SimplePay will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entries Entry or other In-Process Entries suspended by WorkWave SimplePay will not settle on their scheduled settlement dateSettlement Date. If Sub-Merchant wishes to initiate an Entry through WorkWave SimplePay that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave SimplePay its request to initiate such an Entry neverthelessthat otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) Banking Days banking days prior to the date on which Sub- Sub-Merchant wishes to initiate such the Entry that otherwise would be an Overlimit Entry. WorkWave SimplePay may require from Sub-Merchant financial or other information in connection with WorkWave’s SimplePay’ consideration of such the request. WorkWave SimplePay may grant or deny the request in at its sole discretion. In addition to the foregoing, WorkWave SimplePay generally reserves the right to limit the nature and amount of the preauthorized debit and debit/credit Entries processed under this Agreement or to refuse to process any Entry debit/credit Entries under this Agreement if, in WorkWave ‘s SimplePay 's sole judgment: judgment (i) there is reasonable cause to believe that the any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable ACH clearing house association or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by WorkWave SimplePay with respect to a particular preauthorized debit or debit/credit Entry, WorkWave SimplePay will notify Sub-Merchant as promptly as practicable, but in no event later than two (2) Banking Days banking days after the decision. “.