Processing and Reporting Clause Samples
The Processing and Reporting clause outlines the obligations of parties to handle, manage, and document relevant data or transactions during the course of their agreement. Typically, this clause requires one or both parties to process information in a specified manner and to provide regular or ad hoc reports detailing activities, results, or compliance status. Its core function is to ensure transparency and accountability by establishing clear expectations for information handling and communication between the parties.
Processing and Reporting. The contractor shall identify trends in complaint and grievance reasons and responsiveness to the complaints or grievances. The system shall provide detail reports to be used in tracking individual complaints and grievances. The system shall also produce summary reports that include statistics indicating the number of complaints and grievances, the types, the dispositions, and the average time for dispositioning, broken out by category of eligibility. See Article 5
Processing and Reporting. Tabulate proxy votes. • Record stock order information and, in the event of oversubscription, allocate shares in accordance with the Plan. • Produce information for “unvoted” follow-up proxy calls/mailings, in selected vote range. • Provide the Companies with up-to-date subscriber order totals. • Produce subscriber stock order acknowledgement letters, to be mailed. • Assign an individual to serve as the Inspector of Elections for the Special Meeting of Members. • Calculate interest/refund amounts and provide the Companies with records, for check imprinting. • Supply deposit account withdrawal records to the Bank. • Send transfer agent the new investor files for certificate preparation. • If requested, produce year end subscriber 1099-INT forms and electronically submit information to IRS.
Processing and Reporting. 4.1 Bank matches paid check information to outstanding check issuance records and provides the Customer with a daily exception list via the Positive Pay module on Republic Treasury Direct. Bank shall pay a Presented Check only if it matches the check number and dollar amount in Issuance file (“Matched Check”).
4.2 Under the payee name verification option, a Matched Check will also include the payee name and must be identical to how it appears on the check stock. Bank will provide Customer with check specifications for payee name verification. Payee name verification service is not integrated with Bank’s branch teller system and is only applicable for checks presented for payment by other financial institutions.
4.3 Customer agrees that this Service applies only to magnetic ink character recognition (“MICR”), encoded paper checks and documents and does not apply to electronic funds transfer “(EFT”), Automated Clearing House (“ACH”) transaction or check that has been converted to an ACH transaction and does not contain a serial number.