Common use of General ACH Processing Terms Clause in Contracts

General ACH Processing Terms. Provided that an Entry complies with the ACH Requirements, and subject to our right to reject an Entry, we will process the Entry to conform to the applicable file specifications, transmit the Entry as the ODFI, and settle for the Entry in accordance with the ACH Rules. Except as provided below for On-Us Entries, we will transmit an Entry on or before the Settlement Date provided that: (i) we receive the Entry on a Business Day and by our applicable Cut-Off Time as stated below, (ii) funds are available in your Account to cover the amount of the Entry, and (iii) we receive the Entry at least one (1) Business Day before the Settlement Date if a Debit Entry, or at least two (2) Business Days before the Settlement Date if a Credit Entry. An Entry will be deemed received by us when we receive the electronic transmission containing the Entry. If you fail to comply with our processing deadlines or if an Entry otherwise fails to comply with the ACH Requirements, we may, in our sole discretion, use reasonable efforts to transmit the Entry in a timely manner, but we will have no liability to you if we fail to do so. We reserve the right to change our Cut- Off Time, which is set forth in Section 5.2 of the Agreement, and will give you prior notice if we do so.