Blocking Service definition
Examples of Blocking Service in a sentence
On each occasion that the Custodian provides the Blocking Service, it shall promptly notify the Secured Party and the Pledgor of any property that has not settled into the Securities Account due to the Blocking Service.
ACH Blocking Service provides a way for you to request that all ACH Entries against your applicable Account(s) be blocked.
Alternatively, the ACH Blocking Service also allows you to review and confirm Automated Clearinghouse (ACH) debit Entries prior to posting to Accounts (“ACH Filtering”).
Bank shall submit to you as exceptions any ACH transactions which do not meet your AC H policies (unless you have chosen the ACH Blocking Service, in which case all ACH transactions may be treated as exceptions).
Incoming entries that do not match against your ACH policies will be reflected on an exception list made available by us (“ACH Exceptions Report”), unless you have chosen the ACH Blocking Service, in which case all ACH transactions may be treated as exceptions and blocked by us.
CLEC will be required to order Toll Blocking Service on each line to be restricted.
Alternatively, if Company chooses the ACH Blocking Service for specified Accounts, all incoming debit Entries will auto return before posting to the Account.
Alternatively, if you choose the ACH Blocking Service over the ACH Filtering Service, all incoming ACH transactions (debit or credit) may be treated as exceptions and available for your review.
Notwithstanding the foregoing or any other provision of this Agreement, the Custodian’s liability arising from the Blocking Service shall in no event exceed the aggregate amount of fees received by the Custodian with respect to the specific Securities Account in the preceding six (6) months.
Toll Blocking Service is a Selective Class of Call Screening (CustomNet).