Pay Default Sample Clauses
Pay Default. Where Company has selected the pay default option to apply to an Authorized Account, Bank may finally pay and charge to the Authorized Account any Exception Check provided that Company has not objected to such payment in a timely Return Request. A Return Request shall identify each Exception Check that Company desires not to pay by the complete check number and amount specified in the Exception Check Report and shall instruct Bank to return the Exception Check. The Return Request shall be sent to Bank in the format and medium, by the deadline(s), and at the place(s) specified by Bank and agreed to by Company. Bank shall return to the depositary bank any Exception Check that Company instructs Bank to return as provided above.
Pay Default. Where the Customer has selected the pay default option, the Bank may finally pay and charge to the Authorized Account any Exception Check, excluding checks presented for immediate payment as outlined in this Payment and Dishonor of Exception Checks section, provided that the Customer has not objected to such payment in a timely Pay/Return Request.
Pay Default. Where Company has selected the pay default option to apply to an Authorized Account, Bank may pay and charge to the Authorized Account any Exception Check provided that Company has not objected to such payment in a Return Request through the System by 3:00 p.m. CT on the next Business Day in accordance with the Service Documentation. A Return Request shall identify each Exception Check that Company desires not to pay by the complete check number and amount specified in the Exception List and shall instruct Bank to return the Exception Check.
i. Bank shall return to the depository bank any Exception Check that Company instructs Bank to return as provided above.
Pay Default. Where the Customer has selected the pay default option, Bank may finally pay and charge to the Authorized Account any Exception Check, excluding checks presented for immediate payment as outlined in this Payment and Dishonor of Exception Checks section, provided that the Customer has not objected to such payment in a timely Pay/Return Request. AS SUCH, IF YOU MISS THE EXCEPTION CHECK DEADLINE PROVIDED IN SUBSECTION (d) BELOW FOR DETERMINING EXCEPTION CHECKS, THE EXCEPTION CHECKS WILL BE PAID; provided that Bank shall retain the discretion to make the final decision on any Exception Check and may return any Exception Check which is not decided by you prior to the Exception Check Deadline.