Processing, Transmittal and Settlement by Bank. (i) Except as provided in subsection (g), On-Us Entries, and subsection (h), Rejection of Entries, Bank shall (A) process Entries received from Client to conform with the file specifications set forth in the NACHA Rules; (B) transmit such Entries as an ODFI to the Federal Reserve acting as the ACH Operator; and (C) settle for such Entries as provided in the NACHA Rules.
Appears in 3 contracts
Samples: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement
Processing, Transmittal and Settlement by Bank. (ia) Except as provided in subsection (g)Section 6, On-Us Entries, and subsection (h)Section 7, Rejection of Entries, Bank shall (Ai) process Entries received from Client to conform with the file specifications set forth in the NACHA Rules; (Bii) transmit such Entries as an ODFI to the Chicago Federal Reserve acting as the ACH an Automated Clearing House Operator; , and (Ciii) settle for such Entries as provided in the NACHA Rules.
Appears in 1 contract
Samples: Master Agreement
