Rejection of Entries. The Company agrees that the Institution has no obligation to accept Entries and therefore may reject any Entry issued by the Company. The Institution has no obligation to notify the Company of the rejection of an Entry but the Institution may do so at its option. The Institution shall have no liability to the Company for rejection of an Entry and shall not be liable to pay interest to the Company even if the amount of the Company's payment order is fully covered by a withdrawable credit balance in an Authorized Account of the Company or the Institution has otherwise received full payment from the Company.
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Samples: Ach Agreement, Ach Agreement, Ach Agreement
Rejection of Entries. The Company agrees that the Financial Institution has no obligation to accept Entries and therefore may reject any Entry issued by the Company. The Financial Institution has no obligation to notify the Company of the rejection of an Entry but the Financial Institution may do so at its option. The Financial Institution shall have no liability to the Company for rejection of an Entry and shall not be liable to pay interest to the Company even if the amount of the Company's payment order is fully covered by a withdrawable credit balance in an Authorized Account of the Company or the Financial Institution has otherwise received full payment from the Company.
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