Common use of Issue Information and Timing Clause in Contracts

Issue Information and Timing. You agree to provide check information and instructions to us in the manner, form and format that we specify for the Service. You assume full responsibility for the completeness and accuracy of all information furnished to us. Our willingness to process nonconforming information will not be considered a waiver of any requirement of this Agreement, and we may discontinue processing nonconforming information without prior notice. We must receive your Check Issue listing on or before our cutoff hour (currently 6:00 p.m., Eastern Time) each business day and prior to the delivery of your checks to the designated payee. Files received after that hour or on non-business days may not be processed by us until the following business day. We will provide you with information on exception items by approximately 9:00 a.m. (Eastern Time) on the following business day. You must review the report and instruct us to pay or return exception items by 11:00 a.m. (Eastern Time) the same business day.