Common use of Provisional Credit Notice Clause in Contracts

Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver in the amount of the credit to the Receiver’s account, and Company will not be considered to have paid the amount of the credit Entry to the Receiver.

Appears in 3 contracts

Samples: Cash Management Ach Origination Agreement, Management Ach Origination Agreement, Ach Origination Agreement

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Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver in the amount of the credit to the Receiver’s accountReceiver Account, and Company will not be considered to have paid the amount of the credit Entry to the Receiver.

Appears in 2 contracts

Samples: Management Master Services Agreement, Management Master Services Agreement

Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver in the amount of the for credit to the Receiver’s account, and Company Originator will not be considered to have paid the amount of the credit Entry to the Receiver.

Appears in 1 contract

Samples: Wire Transfer Agreement

Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or another ACH Operator or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver in the amount of the credit to the Receiver’s account, and Company will not be considered to have paid the amount of the credit Entry to the Receiver.

Appears in 1 contract

Samples: Ach Origination Agreement

Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver receiver in the amount of the credit to the Receiver’s receiver's account, and Company Customer will not be considered to have paid the amount of the credit Entry to the Receiverreceiver.

Appears in 1 contract

Samples: Ach) Agreement

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Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a the Federal Reserve Bank or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver in the amount of the credit to the Receiver’s 's account, and Company Customer will not be considered to have paid the amount of the credit Entry to the Receiver.

Appears in 1 contract

Samples: Clearing House Agreement

Provisional Credit Notice. In the case of a credit Entry, credit given by the RDFI for the Entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or has otherwise received payment. If the RDFI does not receive such payment for the Entry, the RDFI is entitled to a refund from the Receiver in the amount of the credit to the Receiver’s accountReceiver Account, and Company Third-Party Sender will not be considered to have paid the amount of the credit Entry to the Receiver.

Appears in 1 contract

Samples: bell.bank

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