Governing Transactions Sample Clauses

Governing Transactions. Except as otherwise provided in this Service Agreement, the Credit Union will transmit and process the electronic entries initiated by you in accordance with the rules of Check 21. • Examine Checks. The Credit Union will not examine checks to verify any data or dates. The Credit Union will process the check according to the amount entered by you, if applicable, or by the numeric amount shown • Adjustments. At the Credit Union’s discretion checks may be examined and or adjusted if the amount deposited does not match the legal check amount. Fees for adjustments are listed on our Schedule of Fees and Charges under urDepositsm Home / urDepositsm Mobile
Sample 1
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Governing Transactions. Except as otherwise provided in this Agreement, AmeriCU will transmit and process the electronic entries initiated by the member in accordance with the rules of Check 21 Act, FRB Regulation CC - 12 CFR 229, National Clearing House Association (NACHA), American National Standards X9 specification, Federal Reserve Bank, UCC Article 3 and 4 and any network association agreements as are currently in effect and as amended from time to time (the "Rules"). Eligible Items. You agree to scan only checks as defined by 12 C.F.R. 229.2(c) or any other section of Regulation CC that might apply. Furthermore, you agree to transmit scan and deposit checks in accordance with the rules set forth by the Check 21 Act, National Clearing House Association (NACHA), American National Standards X9 specification, Federal Reserve Bank, UCC Article 3 and 4 as adopted by the State of New York. The image of a check transmitted by you will be deemed an "item" within the meaning of UCC Article 4. You will not initiate an electronic check entry without first being authorized as required by this Agreement or law, or in possession of a proper check or substitute check, which is made payable to You. You will retain the authorization form, check or substitute check as prescribed in this Agreement, and upon AmeriCU's request, will furnish AmeriCU or those regulatory agencies having jurisdiction over AmeriCU with a copy of authorization, check or substitute check. You agree not to use the Services to deposit the checks or items listed below or any other checks or items that are not defined above: Checks or items payable to any person or entity other than you. Checks or items drawn or otherwise issued by you or any other person on any of your accounts or any account on which you are an authorized signer or joint account holder held at AmeriCU Credit Union. Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. Checks or items previously converted to a substitute check, as defined in Reg CC. Checks or items drawn on a financial institution located outside the United States. Checks or items that are remotely created checks, as defined in Reg CC. Checks or items not payable in United States currency. Checks or items dated more than 6 months prior to the date of deposit. Checks or any other ...
Sample 1

Related to Governing Transactions

  • Closing Transactions On the terms and subject to the conditions set forth in this Agreement, the following transactions shall occur in the order set forth in this Section 2.1:

  • Restructuring Transactions On the Effective Date, the Debtor, Newco, GP, Finance Co and Merger Co shall enter into the Consensual Transaction described in Section 3 of the Implementation Plan attached to the Transaction Support Agreement as Exhibit B. On the later of the Effective Date and the Merger Date, the Debtor and Merger Co will enter into a merger agreement under which the Debtor will merge with Merger Co, and following the merger, the Debtor will be the surviving and successor entity. The actions to implement this Plan and the Implementation Plan may include, in accordance with the consent rights in the Transaction Support Agreement: (a) the execution and delivery of appropriate agreements or other documents of merger, amalgamation, consolidation, restructuring, conversion, disposition, transfer, arrangement, continuance, dissolution, sale, purchase, or liquidation containing terms that are consistent with the terms of the Plan and the Transaction Support Agreement and that satisfy the applicable requirements of applicable law and any other terms to which the applicable Entities may agree; (b) the execution and delivery of appropriate instruments of transfer, assignment, assumption, or delegation of any asset, property, right, liability, debt, or obligation on terms consistent with the terms of the Plan and the Transaction Support Agreement and having other terms for which the applicable parties agree; (c) the filing of appropriate certificates or articles of incorporation, reincorporation, merger, consolidation, conversion, amalgamation, arrangement, continuance, or dissolution pursuant to applicable state or provincial law; (d) the execution and delivery of contracts or agreements, including, without limitation, transition services agreements, employment agreements, or such other agreements as may be deemed reasonably necessary to effectuate the Plan in accordance with the Transaction Support Agreement; and (e) all other actions that the applicable Entities determine to be necessary, including making filings or recordings that may be required by applicable law in connection with the Plan.

  • Pre-Closing Transactions Prior to the purchase of the Initial Securities on the Closing Date, the Pre-Closing Transactions shall have been duly consummated at the respective times and on the terms contemplated by this Agreement, the General Disclosure Package and the Prospectus and the Representatives shall have received such evidence that the Pre-Closing Transactions have been consummated as the Representatives may reasonably request.

  • Hedging Transactions The Borrower will not, and will not permit any of the Subsidiaries to, enter into any Hedging Transaction, other than Hedging Transactions entered into in the ordinary course of business to hedge or mitigate risks to which the Borrower or any Subsidiary is exposed in the conduct of its business or the management of its liabilities. Solely for the avoidance of doubt, the Borrower acknowledges that a Hedging Transaction entered into for speculative purposes or of a speculative nature (which shall be deemed to include any Hedging Transaction under which the Borrower or any of the Subsidiaries is or may become obliged to make any payment (i) in connection with the purchase by any third party of any common stock or any Indebtedness or (ii) as a result of changes in the market value of any common stock or any Indebtedness) is not a Hedging Transaction entered into in the ordinary course of business to hedge or mitigate risks.

  • Formation Transactions The Formation Transactions shall have been or shall be consummated substantially concurrently in accordance with the timing set forth in the respective Formation Transaction Documentation.

  • Processing Transactions 2 2.1 Timely Pricing and Orders.................................... 2 2.2

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Shareholder Transactions (i) Process shareholder purchase and redemption orders in accordance with conditions set forth in the Trust's prospectus.

  • Prohibition of Short Sales and Hedging Transactions The Investor agrees that beginning on the date of this Agreement and ending on the date of termination of this Agreement as provided in Section 11, the Investor and its agents, representatives and affiliates shall not in any manner whatsoever enter into or effect, directly or indirectly, any (i) “short sale” (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of the Common Stock or (ii) hedging transaction, which establishes a net short position with respect to the Common Stock.

  • Acquisition Transactions The Company shall provide the holder of this Warrant with at least twenty (20) days’ written notice prior to closing thereof of the terms and conditions of any of the following transactions (to the extent the Company has notice thereof): (i) the sale, lease, exchange, conveyance or other disposition of all or substantially all of the Company’s property or business, or (ii) its merger into or consolidation with any other corporation (other than a wholly-owned subsidiary of the Company), or any transaction (including a merger or other reorganization) or series of related transactions, in which more than 50% of the voting power of the Company is disposed of.

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