Processing, Transmittal and Settlement by the Bank Sample Clauses

Processing, Transmittal and Settlement by the Bank. (i) Except as provided in Section 28.f. (on-us entries) and 28.g. (rejection of Entries; prefunding), the Bank shall: 1) process Entries received from Customer to conform with the file specifications set forth in Rules; 2) transmit such Entries as an Originating Depository Financial Institution (“ODFI”) to Federal Reserve Bank (the ACH) acting as an Automated Clearing House Operator; and 3) settle for such Entries as provided in the Rules.
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Processing, Transmittal and Settlement by the Bank. (a) Under this Attachment and the Agreement, “Effective Entry Date” means a date specified
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Processing, Transmittal and Settlement by the Bank. The RTP System is typically available 24 hours a day, 7 days a week, including weekends and state and federal holidays. However, the Bank’s RTP Service may be unavailable from time to time, including due to scheduled or unscheduled maintenance. RTP Payments processing may fail or be delayed due a review by either the Receiving, or the Sending, Participant, such as for fraud, regulatory, or compliance purposes. RTP Payments will fail if the Receiving Participant does not respond to the Payment Instruction received from the RTP System within a certain timeframe defined by the RTP Operating Rules. The Bank will not notify you if the Payment fails, but the Payment Amount will not be withdrawn from your account. Once failed, a RTP Payment may be resubmitted with new Payment Instructions.
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Processing, Transmittal and Settlement by the Bank. Except as provided in Section VIII, On-Us Entries and Section IX Rejection of Entries, Bank shall (1) process Entries received from you to conform with the file specifications set forth in NACHA Rules, (2) transmit such Entries as an Originating Depository Financial Institution (ODFI) to an Automated Clearing House Operator (the “ACH Operator”), and (3) settle for such Entries as provided in the NACHA Rules. The Bank shall transmit such Entries to the ACH Operator by the deadline of the ACH Operator prior to the Effective Entry Date shown in such Entries, provided (i) such Entries are received by the Bank’s cut-off time on a business day (ii) the Effective Entry Date is at least two days for credits and one day for debits after such business day, and (iii) the ACH Operator is open for business on such business day. The Bank’s cut-off times are:  Credit Entries: files must be submitted by 4:00pm PT two (2) business days prior to the effective dateDebit Entries: files must be submitted by 4:00pm PT one (1) business day prior to the effective date Effective Entry Date must be a future business day or the record will be processed on the first business day following the Effective Entry Date. Entries shall be deemed received by the Bank when the transmission is complete and the file is received by the Bank. If any of the requirements of clause (i) (ii) or (iii) of Section IV is not met, Bank shall use reasonable efforts to transmit such Entries to the ACH Operator by the next deposit deadline of the ACH Operator which is a business day and a day on which the ACH Operator is open for business.
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Processing, Transmittal and Settlement by the Bank a. Except as provided in Sections 8 (On-Us Entries) and 9 (Rejection of Entries) of this ACH Agreement, the Bank shall (i) process Entries received from the Companies to conform with the File specifications set forth in the Rules, (ii) transmit such Entries as an ODFI to the ACH Operator, and (iii) settle for such Entries as provided in the Rules.
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Processing, Transmittal and Settlement by the Bank a. Except as provided in Sections 4,5 and 9 of this Schedule Ctothe CMTS Agreement, the Bank shall (i) process Entries received from you to conform with the requirements set forth in this Schedule C to this CMTS Agreement, (ii) transmit such Entries as an ODFI to an ACH processor selected by the Bank inits sole discretion, and (iii) settle for such Entries as provided in the Rules.
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Related to Processing, Transmittal and Settlement by the Bank

  • FAILURE TO HONOUR SETTLEMENT AGREEMENT 32. If this Settlement Agreement is accepted by the Hearing Panel and, at any subsequent time, the Respondent fails to honour any of the Terms of Settlement set out herein, Staff reserves the right to bring proceedings under section 24.3 of the By-laws of the MFDA against the Respondent based on, but not limited to, the facts set out in Part IV of the Settlement Agreement, as well as the breach of the Settlement Agreement. If such additional enforcement action is taken, the Respondent agrees that the proceeding(s) may be heard and determined by a hearing panel comprised of all or some of the same members of the hearing panel that accepted the Settlement Agreement, if available.

  • Final Report by Settlement Administrator Within 10 days after the Administrator disburses all funds in the Gross Settlement Amount, the Administrator will provide Class Counsel and Defense Counsel with a final report detailing its disbursements by employee identification number only of all payments made under this Agreement. At least 15 days before any deadline set by the Court, the Administrator will prepare, and submit to Class Counsel and Defense Counsel, a signed declaration suitable for filing in Court attesting to its disbursement of all payments required under this Agreement. Class Counsel is responsible for filing the Administrator's declaration in Court.

  • EXECUTION OF SETTLEMENT AGREEMENT 37. This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • Commercial Settlement All the commercial settlements under this agreement shall be as per Government of Gujarat’s Solar Power Policy 2015 and Order No. 3 of 2015 dated 17.08.2015 of the Gujarat Electricity Regulatory Commission and any subsequent orders in this regard. The commercial settlement will be as follows:

  • If Settlement Agreement is Terminated (1) If this Settlement Agreement is not approved, is terminated in accordance with its terms or otherwise fails to take effect for any reason:

  • Clearance and Settlement Procedures (a) General Notes distributed solely within the United States shall clear and settle through the DTC System, and Notes distributed solely outside of the United States shall clear and settle through the systems operated by Euroclear, Clearstream and/or any other designated clearing system or, in certain cases, DTC.

  • The Settlement The Settlement was reached on May 11, 2018. Class Counsel filed this action on May 10, 2018. Over two years prior to the filing of this action, Class Counsel and Defendant’s Counsel conducted an adversarial informal discovery process. Class Counsel reviewed and analyzed thousands of pages of documents provided by Defendant and also reviewed many other documents, including U.S. Department of Labor Forms 5500 and other publicly available documents. The Parties participated in mediation before a nationally recognized mediator who has extensive experience in resolving similar claims involving other 401(k) plans. Only after six months of extensive arm’s length negotiation following the mediation were the parties able to agree to the terms of the Settlement. As part of the Settlement, a Qualified Settlement Fund of $17,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $17,000,000 minus any Administrative Expenses, taxes, tax expenses, Court-approved Attorneys’ Fees and Costs, Class Representatives’ Compensation, and other approved expenses of the litigation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court. In addition to the monetary component of the Settlement, the Parties to the Settlement have agreed to certain additional terms: (1) During the first eighteen months (18) following the final approval of the Settlement, Defendant has agreed that the Plan’s fiduciaries will conduct a Request for Proposal (“RFP”) process for recordkeeping services to the Plan; (2) Within the first year following final approval of the Settlement, Defendant has agreed to publish a communication to then current Plan participants explaining the risks and benefits of the Plan’s money market fund investment option; (3) Defendant also will use an independent consultant familiar with fixed income investment options in defined contribution plans who will review the investment lineup and make recommendations to the Plan’s fiduciaries regarding whether to retain the money market fund and whether to add a stable value or comparable fund; (4) In addition, during the three- year Settlement period, Defendant has agreed to provide Class Counsel a list of the Plan’s investment options and fees; and (5) In considering investment options for the Plan, Defendant has agreed that the Plan’s fiduciaries will consider: (a) the lowest-cost share class available for any particular mutual fund considered for inclusion in the Plan as well as other criteria applicable to different share classes; (b) the availability of revenue sharing rebates on any share class available for any particular mutual fund considered for inclusion in the Plan; and (c) the availability of collective trusts, to the extent such investments are permissible and are otherwise identical to a particular mutual fund considered for inclusion in the Plan.

  • CONDITIONS OF SETTLEMENT, EFFECT OF DISAPPROVAL, CANCELLATION OR TERMINATION 9.1 The Effective Date of this Settlement Agreement shall not occur unless and until each of the following events occurs and shall be the date upon which the last (in time) of the following events occurs:

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