Returned Items definition

Returned Items has the meaning set forth in Section 4.9(c).

Returned Items. If we cash an item or deposit it into your account and, upon presentment to the obligated party, the item is not paid for any reason (or we believe it will be returned unpaid), it may be charged back against your account (or any other account you have with us), even if the item is not returned within any applicable deadlines. We can also charge back any item drawn on us if, within the normal handling period for such item, it cannot be honored against the drawer’s account. If an item is returned to us after it was deposited or cashed because someone made a claim that the item was altered, forged, unauthorized or should not have been paid for some other reason, we reserve the right to either charge back the amount of such item to your account or hold the amount of such item in your account until a final determination as to the validity of that claim has been made. We may also charge back an item or hold the amount of an item if there is a problem which, in our judgment, justifies a reversal of credit. We are authorized to pursue collection of previously dishonored items, and in so doing may permit the payor financial institution to hold an item beyond the normal deadline to pay or return an item. Processing of Items: Items may be sent directly to the financial institution upon which they are drawn or at which they are payable, or they may be sent through collecting agents for collection and remittance.

Returned Items is defined in Exhibit B.

Examples of Returned Items in a sentence

• Zero (0) Returned Items in the last 90 days We reserve the right to accept, reject, or limit any amount loaded on your Card and to accept or reject any reload funds request in our sole discretion.

• Describe NSF or Returned Items processing procedures, fees or other related services available.

• Nothing in this article limits in any way the rights of the Financial Institution under this Agreement including, without limitation, the rights of the Financial Institution under article 2.6, Noting or Protesting, article 5.1, Deposits, and article 5.3, Returned Items.

• Returned Items If you do not have sufficient collected funds in your Deposit Account to cover payment of checks you have written or other debits from your Deposit Account when they are presented to the Bank for payment, such debits may be returned unpaid or payment refused.

• All credits for Collected Funds and debits for fees, payments and Returned Items (defined below) shall be made to the Settlement Account.

More Definitions of Returned Items

Returned Items shall have the meaning set forth in Section 13.4.

Returned Items has the meaning specified in Section 9(b)(ii) hereof.

Returned Items shall have the meaning set forth in Section 3.2(h).

Returned Items means any Cheques or instruments rejected by the Bank for any reason whatsoever including but not limited to:-

Returned Items means all customer checks, Automated Clearing House, or ACH, credit card payments, or other wire transactions returned unpaid in the banking system;

Returned Items shall have the meaning assigned in Section 12.3.

Returned Items means, to the extent credited to any Pledged Account at the Cash Management Bank, all (i) returned or charged-back items, (ii) reversals or cancellations of payment orders, ACH transfers, wire transfers and other electronic fund transfers, (iii) overdrafts resulting from adjustments or corrections of previous credits or other postings, (iv) all similar returns which result in insufficient funds availability and (v) any other uncollected items that the Agent reasonably believes may have a claim with priority to that of the Agent.