Common use of Resubmission Clause in Contracts

Resubmission. Client shall assume the sole responsibility for remaking and resubmitting said Entry(s) in accordance with the requirements of the Agreement or otherwise handling the payments due the Receiver(s). Bank shall have no obligation to retransmit a returned Entry if Bank complied with the terms of this Agreement with respect to the original Entry. Bank may, in its sole discretion, resubmit the Entry where the return was due to an error in the processing of such Entry(s) by Bank and sufficient data is available to Bank to permit it to remake and resubmit such Entry(s).

Appears in 4 contracts

Sources: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement