Common use of File Layout Clause in Contracts

File Layout. Pages A-2 through A-6 contain the NACHA file layout required. It is understood that the file layout requirements set forth below on pages A-2 through A-6 are subject to changes and amendments that might be made from time to time by NACHA, and that such changes and amendments will be binding upon Bank and Company if and when made. Bank shall promptly notify Company of any such changes or amendments. 1 Record Type M “1” 1 01-01 “1” for Header 2 Priority Code R “01” 2 02-03 Reserved for future use - Use “01” for now 3 Immediate Destination M bTTTTAAAAC 10 04-13 ABA Number of the ACH receiving point for which the file is destined - “061100606” (position 4 should be left blank) 4 Immediate Origin M bTTTTAAAAC 10 14-23 This can be left blank 5 File Creation Date M YYMMDD 6 24-29 The date the file is created and/or transmitted to Synovus 6 File Creation Time O HHMM 4 30-33 Expressed as “HHMM” 24 hour clock format - Optional 7 File ID Modifier M Uppercase A-2 Numeric 0-9 1 34-34 Digit to differentiate between files with the same creation date. Only upper case A-Z and numeric 0-9 permitted. 8 Record Size M “094 3 35-37 “094” should be the record length 9 Blocking Factor M “10” 2 38-39 Defines the number of physical blocks in the file including both the file header and file control records. Must be 10.