Common use of Processing Entries Clause in Contracts

Processing Entries. You shall transmit Entries to the Bank to the location(s) and in compliance with the formatting and other requirements set forth in the Rules and the Supporting Documents. The ACH Service will start on a date agreeable to you and to the Bank after all setup requirements have been completed. You will not submit individual or total monthly Entries in excess of the maximum limits established by the Bank and reflected in the Supporting Documents, as amended from time to time. The parameters and variations of the limits shall be set at the Bank’s discretion, including limits based on dollar amounts and/or Standard Entry Class Code types. You will not divide a transaction into more than one Entry in order to avoid these limitations. The Bank may adjust these limitations from time to time, at the Bank’s discretion. The Bank processing of Entries in an amount greater than the established limit(s) shall not be deemed a waiver of this provision. The Bank may cease processing Entries in a greater amount at any time without prior notice. You may not originate Entries using Standard Entry Class Codes other than CCD, CTX or PPD without prior notice to and written approval by the Bank. The Bank may require you to submit an application in a form and content acceptable to the Bank, and execute supplemental schedules, agreements and other documents as the Bank may require, as a condition precedent to your use of other Standard Entry Class Codes. By way of example, the foregoing restrictions and requirements may apply to your use of ARC, RCK, BOC, POP, WEB, IAT or TEL Standard Entry Class Codes, or if you are engaging in cross-border (International) transactions. The Bank may block unapproved use of a Standard Entry Class Code or an unapproved cross-border transaction. Except as provided below for On-Us Entries, the Bank shall: (i) process Entries received from you to conform with the file specifications set forth in the Rules; (ii) transmit such Entries as an ODFI to an ACH Operator selected by the Bank at the Bank’s sole discretion (“ACH Operator”); and (iii) settle for such Entries as provided in the Rules. The Bank shall transmit or complete the necessary authorizations for ACH Entries by the deadline of the ACH Operator, provided: (a) such Entries are received by the Bank’s related cutoff time on a business day, (b) the Effective Entry Date is one (1) to two (2) business days after such business day, unless you are set up with same-day ACH origination, and (c) the ACH Operator is open for business on such business day. Entries shall be deemed received by the Bank when the transmission and compliance with any related Security Procedures are completed. If any of the requirements of this paragraph are not met, the Bank may use reasonable efforts to transmit such Entries to the ACH by the next deadline of the ACH Operator, which is a business day, and a day on which the ACH Operator is open for business.

Processing Entries. You a. Company shall only transmit PPD (Prearranged Payments and Deposits) or CCD (Corporate Credit or Debit) credit or debit Entries to the Bank to the location(s) and in compliance with the formatting and other requirements set forth in the Rules and the Supporting Documents. The ACH Service Credit Origination Services will start on a date agreeable to you both Company and to the Bank after all setup set up requirements have been completedcompleted to Bank’s satisfaction and in accordance with the Rules. You Company agrees that its ability to originate Entries under this Agreement is subject to exposure limits in accordance with the Rules and as set forth in the Supporting Documents. b. Company will not submit individual or total monthly Entries in excess of the maximum limits established by the Bank and reflected in the Supporting Documents, as amended from time to time. The parameters and variations of the limits shall be set at the Bank’s 's discretion, including but not limited to limits based on dollar amounts and/or Standard Entry Class Code types. You Company will not divide a transaction into more than one Entry in order to avoid these limitations. The Bank may adjust these limitations from time to timetime by providing notice to Company; provided that, at nothing contained in the Bank’s discretionpreceding statement prevents Bank from adjusting these limits in order to prevent loss to the Bank or Company. The Bank processing of Entries in an amount greater than the established limit(s) shall not be deemed a waiver of this provision. The ; the Bank may cease processing Entries in a greater amount at any time without prior notice. You Notwithstanding the above, Company shall be responsible for any Entries it submits in excess of the maximum limits established by Bank, from time to time, along with any associated charges or fees in accordance with the Agreement. c. Company may not originate Entries using Standard Entry Class Codes other than CCD, CTX (Corporate Trade Exchange Entry) or PPD without prior notice to and written approval by the Bank. The Bank may require you Company to submit an application in a apply, the form and content of the application must be acceptable to the Bank, and execute execution by Company of such supplemental schedules, agreements and other documents as the Bank may require, as a condition precedent to your Company's use of other Standard Entry Class Codes. By way of example, the foregoing restrictions and requirements may apply to your Company's use of ARCARC (Accounts Receivable Entries), RCKRCK (Re-presented Check Entries), BOCBOC (Back Office Conversion Entries), POPPOP (Point-of-Purchase Entry), WEBWEB (Internet-Initiated/Mobile Entries), IAT (International ACH Transaction) or TEL (Telephone-Initiated Entries) Standard Entry Class Codes, or if you are Company is engaging in cross-border (International) transactions. The If Company has been approved by Bank to originate Entries using Standard Entry Class Codes other than those listed above, the additional Standard Entry Class Codes will be identified in the Setup Form, and Company agrees to be bound by the Rules applicable to those additional Standard Entry Class Codes. Bank may block unapproved use of a Standard Entry Class Code or an unapproved cross-border transaction. Except as provided below for On-Us Entries. d. If Company is authorized to initiate TEL, the Bank shallfollowing applies in addition to applicable provisions of the Rules and the Agreement: i. Company will obtain Receiver’s oral authorization for each TEL to the Receiver’s account. A TEL may be transmitted only in circumstances in which there is: (i1) process Entries received an existing relationship between Company and Receiver, or (2) not an existing relationship, but the Receiver has initiated the call to Company. A TEL may not be when there is no existing relationship between Company and Receiver or when Company has initiated the telephone call to the Receiver. Company and Receiver are considered to have an existing relationship when either: there is a written agreement in place between Company and Receiver for the provision of goods or services, or Receiver has purchased goods or services from you Company within the past two (2) years. ii. Authorization must conform to conform with the file specifications set forth in the Rules; (ii) transmit such Entries as an ODFI to an ACH Operator selected by the Bank at the Bank’s sole discretion (“ACH Operator”); and (iii) settle for such Entries as provided in the Rules. The Bank shall transmit or complete the necessary authorizations for ACH Entries by the deadline requirements of the ACH OperatorRules and must provide evidence of Receiver’s identity and assent to the authorization. For Single Entry TEL, providedCompany must either record the Receiver’s oral authorization or provide, in advance of the Settlement Date of the Entry, written notice to Receiver that confirms the oral authorization. For recurring TEL, Company must record Receiver’s oral authorization and provide a written copy of the authorization to the Receiver, to the extent required by Regulation E. If Company obtains the authorization over the telephone, Company must: (a) such Entries are received by state clearly during the Bank’s related cutoff time on telephone conversation with Receiver that Receiver is authorizing a business daydebit Entry to his or her account, (b) express the Effective Entry Date is one (1) to two (2) business days after such business day, unless you are set up with same-day ACH originationterms of the authorization in a clear manner, and (c) Receiver must unambiguously express consent. Silence is not express consent. For Single Entry TEL, Company must retain the ACH Operator is open original or duplicate audio recording of Receiver’s oral authorization or a copy of the written notice confirming Receiver’s oral authorization for business on such business daytwo (2) years from the date of the authorization. Entries At Bank’s request, Company shall be deemed received by promptly provide Bank with a copy of the Bank when authorization and/or notice, as appropriate. iii. For recurring TEL, Company must retain for two (2) years from the transmission termination or revocation of the authorization (1) the original or a duplicate audio recording of the oral authorization, and (2) evidence that a copy of the authorization was provided to Receiver in compliance with any related Security Procedures are completed. If any Regulation E. At Bank’s request, Company must promptly provide Bank with a copy of the requirements of this paragraph are not metauthorization and/or notice, as appropriate. iv. For Single Entry TEL, if Company chooses the option to provide Receiver with written notice confirming Receiver’s oral authorization, Company must disclose to the consumer during the telephone call the method by which such notice will be provided. The written notice must include, at a minimum, the Bank eight (8) pieces of information (identified below) that must be provided during the telephone conversation. Company may not use reasonable efforts a voice response unit to transmit such Entries capture Receiver’s authorization for a TEL; key-entry responses by Receiver do not qualify as a TEL authorization. Company must ensure, at a minimum, the following information is disclosed to the ACH by the next deadline of the ACH Operator, which is a business day, and a day on which the ACH Operator is open for business.Receiver

Processing Entries. You a. Company shall only transmit PPD (Prearranged Payments and Deposits) or CCD (Corporate Credit or Debit) credit or debit Entries to the Bank to the location(s) and in compliance with the formatting and other requirements set forth in the Rules and the Supporting Documents. The ACH Service will start on a date agreeable to you Company and to the Bank after all setup set up requirements have been completed. You Company agrees that its ability to originate Entries under this Agreement is subject to exposure limits in accordance with the Rules and as set forth in the Supporting Documents. b. Company will not submit individual or total monthly Entries in excess of the maximum limits established by the Bank and reflected in the Supporting Documents, as amended from time to time. The parameters and variations of the limits shall be set at the Bank’s discretion, including but not limited to limits based on dollar amounts and/or Entry Standard Entry Class Code types. You Company will not divide a transaction into more than one Entry in order to avoid these limitations. The Bank may adjust these limitations from time to time, at the Bank’s discretiontime by providing notice to Company. The Bank processing of Entries in an amount greater than the established limit(s) shall not be deemed a waiver of this provision. The ; the Bank may cease processing Entries in a greater amount at any time without prior notice. You . c. Company may not originate Entries using Standard Entry Class Codes other than CCD, CTX or PPD without prior notice to and written approval by the Bank. The Bank may require you Company to submit an application in a form and content acceptable to the Bank, and execute execution by Company of such supplemental schedules, agreements and other documents as the Bank may require, as a condition precedent to your Company's use of other Standard Entry Class Codes. By way of example, the foregoing restrictions and requirements may apply to your Company's use of ARC, RCK, BOC, POP, WEB, IAT or TEL Standard Entry Class Codes, or if you are Company is engaging in cross-border (International) transactions. The If Company has been approved by Bank to originate Entries using Standard Entry Class Codes in addition to CCD, CTX and PPD, the additionally approved Standard Entry Class Codes will be identified in the Setup Form, and Company agrees to be bound by the Rules applicable to those additional Standard Entry Class Codes. Bank may block unapproved use of a Standard Entry Class Code or an unapproved cross-border transaction. . d. Except as provided below for On-Us Entries, the Bank shall: (i) process Entries received from you to conform Company in accordance with the file specifications set forth in the Rules; (ii) transmit such Entries as an ODFI to a Federal Reserve Bank acting as an ACH Operator selected by the Bank at the Bank’s sole discretion (“ACH Operator”); and (iii) settle for such Entries as provided in the Rules. The All Entries shall be received by Bank prior to Delivery Date Deadline. e. Bank shall transmit or complete the necessary authorizations for ACH Entries by the deadline of the ACH OperatorDelivery Date Deadline, provided: (ai) such Entries are received by the Bank’s 's related cutoff time and Delivery Date Deadline on a business day, (b) the Effective Entry Date is one (1) to two (2) business days after such business day, unless you are set up with same-day ACH origination, and (cii) the ACH Operator is open for business on such business day. Entries shall be deemed received by Bank at the Bank location set forth in the Supporting Documents, and in the case of transmittal by electronic transmission, when the transmission (and compliance with any related Security Procedures are completedProcedure provided for herein) is completed as provided in the Supporting Documents. If any of the requirements of this paragraph Section are not met, the Bank may use reasonable efforts to transmit such Entries to the ACH Operator by the next deadline of the ACH Operator, Delivery Date Deadline which is a business day, day and a day on which the ACH Operator is open for business.

Processing Entries. You shall transmit PPD (Prearranged Payments and Deposits) or CCD (Corporate Credit or Debit) credit or debit Entries to the Bank to the location(s) and us in compliance with the formatting and other requirements set forth in the NACHA Rules and the Supporting Documents. The External ACH Service Services will start on a date agreeable to you and to the Bank us after all setup set up requirements have been completed. You will not submit individual or total daily or monthly Entries in excess of the maximum limits established by the Bank and reflected in the Supporting Documents, as amended from time to timeus. The parameters and variations of the limits shall be set at the Bank’s our discretion, including but not limited to limits based on dollar amounts and/or Standard Entry Class Code types. You will not divide a transaction into more than one Entry in order to avoid these limitations. The Bank We may adjust these limitations from time to time, at the Bank’s our discretion. The Bank Our processing of Entries in an amount greater than the established limit(s) shall not be deemed a waiver of this provision. The Bank We may cease processing Entries in a greater amount at any time without prior notice. You may not originate Entries using Standard Entry Class Codes other than CCD, CTX or CCD and PPD without prior notice to and written approval by the Bankfrom us. The Bank We may require you to submit an application in a form and content acceptable to the Bankus, and execute your execution of supplemental schedules, agreements and other documents as the Bank we may require, as a condition precedent to your use of other Standard Entry Class Codes. By way of example, the foregoing restrictions and requirements may apply to your use of CTX, ARC, RCK, BOC, POP, WEB, IAT or TEL Standard Entry Class Codes, or if you are engaging in cross-border (International) transactionstransactions and your ability to process such entries will also be subject to a separate agreement or addendum with us. The Bank We may block unapproved use of a Standard Entry Class Code or an unapproved cross-border transaction. Except as provided below for On-Us Entries, the Bank we shall: (i1) process Entries received from you to conform with the file specifications set forth in the NACHA Rules; , (ii2) transmit such Entries as an ODFI to an ACH Operator selected by the Bank at the Bank’s us in our sole discretion (“ACH Operator”); , and (iii3) settle for such Entries as provided in the NACHA Rules. The Bank We shall transmit or complete the necessary authorizations for ACH Entries by the deadline of the ACH Operator, one Business Day prior to the Effective Entry Date shown in such Entries, provided: (a) such Entries are received by the Bank’s our related cutoff time on a business dayBusiness Day, (b) the Effective Entry Date is at least one (1) to two (2) business days Business Day after such business day, unless you are set up with same-day ACH originationBusiness Day, and (c) the ACH Operator is open for business on such business dayBusiness Day. Entries shall be deemed received by the Bank us when the transmission and compliance with any related Security Procedures are security procedure is completed. If any of the requirements of this paragraph are not met, the Bank we may use reasonable efforts to transmit such Entries to the ACH Operator by the next deadline of the ACH Operator, Operator which is a business day, Business Day and a day on which the ACH Operator is open for business.