Common use of Notice of Returned Entries and Notifications of Change Clause in Contracts

Notice of Returned Entries and Notifications of Change. Financial Institution shall notify Third-Party Sender by e-mail, facsimile transmission, US mail, or other means of the receipt of a returned Entry from the ACH Operator. Except for an Entry retransmitted by Third-Party Sender in accordance with the requirements of Section 5, Financial Institution shall have no obligation to retransmit a returned Entry to the ACH Operator if Financial Institution complied with the terms of this Agreement with respect to the original Entry. Third-Party Sender shall notify the Receiver by phone or electronic transmission of receipt of each return Entry no later than one Business Day after the Business Day of receiving such notification from Financial Institution. Financial Institution shall provide Third-Party Sender all information, as required by the Rules, with respect to each Notification of Change (“NOC”) Entry or Corrected Notification of Change (“Corrected NOC”) Entry received by Financial Institution relating to Entries transmitted by Third-Party Sender. Financial Institution must provide such information to Third-Party Sender within two (2) Business Days of the Settlement Date of each NOC or Corrected NOC Entry. Third-Party Sender shall ensure that changes requested by the NOC or Corrected NOC are made within Effective December 7, 2022 six (6) Business Days of Third-Party Sender's receipt of the NOC information from Financial Institution or prior to initiating another Entry to the Receiver's account, whichever is later, or issue a Refused Notification of Change.

Notice of Returned Entries and Notifications of Change. Financial Institution shall notify Third-Party Sender by e-mail, facsimile transmission, US mail, or other means of the receipt of a returned Entry from the ACH Operator. Except for an Entry retransmitted by Third-Party Sender in accordance with the requirements of Section 5, Financial Institution shall have no obligation to retransmit a returned Entry to the ACH Operator if Financial Institution complied with the terms of this Agreement with respect to the original Entry. Third-Party Sender shall notify the Receiver by phone or electronic transmission of receipt of each return Entry no later than one Business Day after the Business Day of receiving such notification from Financial Institution. Financial Institution shall provide Third-Party Sender all information, as required by the Rules, with respect to each Notification of Change (“NOC”) Entry or Corrected Notification of Change (“Corrected NOC”) Entry received by Financial Institution relating to Entries transmitted by Third-Party Sender. Financial Institution must provide such information to Third-Party Sender within two (2) Business Days of the Settlement Date of each NOC or Corrected NOC Entry. Third-Party Sender shall ensure that changes requested by the NOC or Corrected NOC are made within Effective December 7February 6, 2022 2023 six (6) Business Days of Third-Party Sender's receipt of the NOC information from Financial Institution or prior to initiating another Entry to the Receiver's account, whichever is later, or issue a Refused Notification of Change.

Notice of Returned Entries and Notifications of Change. Financial Institution shall notify Third-Third- Party Sender by e-mail, facsimile transmission, US mail, or other means of the receipt of a returned Entry from the ACH Operator. Except for an Entry retransmitted by Third-Party Sender in accordance with the requirements of Section 5, Financial Institution shall have no obligation to retransmit a returned Entry to the ACH Operator if Financial Institution complied with the terms of this Agreement with respect to the original Entry. Third-Party Sender shall notify the Receiver by phone or electronic transmission of receipt of each return Entry no later than one Business Day after the Business Day of receiving such notification from Financial Institution. Financial Institution shall provide Third-Party Sender all information, as required by the Rules, with respect to each Notification of Change (“NOC”) Entry or Corrected Notification of Change (“Corrected NOC”) Entry received by Financial Institution relating to Entries transmitted by Third-Party Sender. Financial Institution must provide such information to Third-Party Sender within two (2) Business Days of the Settlement Date of each NOC or Corrected NOC Entry. Third-Party Sender shall ensure that changes requested by the NOC or Corrected NOC are made within Effective December 7, 2022 six (6) Business Days of Third-Party Sender's receipt of the NOC information from Financial Institution or prior to initiating another Entry to the Receiver's account, whichever is later, or issue a Refused Notification of Change.