Common use of Returned Checks and ACH Debits Clause in Contracts

Returned Checks and ACH Debits. In order to minimize the risk of loss to the Fund by reason of any check being returned unpaid, Price Services will promptly identify and follow-up on any check or ACH debit returned unpaid. For items returned, Price Services may telephone the investor and/or redeposit the check or debit for collection or cancel the purchase, as deemed appropriate. Price Services and the Funds will establish procedures for the collection of money owed the Fund from investors who have caused losses due to these returned items.

Appears in 18 contracts

Samples: Transfer Agency and Service Agreement (Price T Rowe Group Inc), Transfer Agency and Service Agreement (Price T Rowe New Income Fund Inc), Transfer Agency and Service Agreement (Price T Rowe Real Estate Fund Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.