Credit Entries. You authorize us, immediately upon our receipt of any credit Entry, to debit your ACH Account for the Funds required by that Entry. You understand that, because of the automated systems used to provide Business ACH Services, we automatically will debit the ACH Account for that Entry, even if the Entry subsequently will be suspended for any reason described herein. You agree that, whenever you submit an Entry to us, you must have Funds in the ACH Account in an amount equal to or greater than the Entry. You understand that we may debit the ACH Account either by actually deducting funds from the ACH Account or by placing a hold on funds in the ACH Account. In either case, once we have debited the ACH Account for the funds required by the Entry, those funds will not be available to you for any other purpose, including the payment or settlement of other items from that ACH Account.
Credit Entries. When you initiate a credit Entry, you shall provide good collected funds in the Authorized Accounts to cover any credit Entry initiated by us no later than the end of the banking day on the applicable effective date. For the purposes of these Terms and Conditions, “good collected funds” shall mean funds subject to immediate withdrawal.
Credit Entries. You agree to pay us the amount of each Credit Entry on or before the date we transmit the Entry and before the Settlement Date and at such time as we, in our discretion, may require.
Credit Entries. In the case of credit entries subject to UCC Article 4A (in general, this means non-consumer credit entries), you are hereby notified that: (1) these entries may be transmitted through the ACH; (2) your rights and obligations concerning these entries shall be governed by and construed in accordance with New York law (in all matters between you and us, however, Nebraska law shall govern); (3) credit given by the Receiving Depository Financial Institution (“RDFI”) to Receivers is conditional until final settlement or payment in accordance with XXX 0X; and (4) if an RDFI does not receive such payment, the RDFI is entitled to a refund from the Receiver and you will not be considered to have paid the Receiver.
Credit Entries. In accordance with the ACH Rules, the Bank shall not be obligated to provide a separate notice to the Customer of the Bank’s acceptance of credit transfer instructions designating the Customer as beneficiary. Notice of such acceptance will be provided as part of the Customer’s periodic account statement. The Customer agrees to notify the Bank promptly of any discrepancy between the Customer’s records and the information displayed on any such periodic statement. The Bank shall not be liable for any losses, including loss of interest with respect to an Entry, resulting from the Customer’s failure to notify the Bank of any such discrepancy immediately upon the receipt of a periodic statement containing such information. The Customer is precluded from asserting any discrepancy against the Bank where the Customer failed to notify the Bank of the discrepancy immediately upon receipt of the periodic statement containing the discrepancy. DATA RETENTION FOR REMAKING OF ENTRIES. The Customer shall retain data on file adequate to permit remaking of Entries for one (1) calendar year following the Effective Entry Date and shall provide such data to the Bank upon its request. In addition to its obligation in the ACH Rules regarding the retention of certain Debit Entry authorization agreements, the Customer agrees to retain a copy of each such authorization agreement for the period specified in the ACH Rules and will permit the Bank to examine such authorization agreements at such time or times as the Bank may reasonably request and will furnish to the Bank a copy of any such authorization agreement upon request.
Credit Entries. HVCU reserves the right to require that you pay HVCU in immediately available funds at the time of transmittal or at any time prior to settlement the amount of each credit Entry submitted by you.
Credit Entries. Bank will debit Customer's Settlement Account at any time on the Settlement Date as Bank, in its sole discretion, may determine for the amount of each credit Entry executed by Bank, and in accordance with the NACHA Rules. Bank will promptly re-credit the Settlement Account with the amount of any credit Entry (which was a debit to the Settlement Account), which is rejected by Bank, and any other credit Entry, which is returned by a Receiving Bank, provided that Bank has obtained payment for the Returned Entry from the Receiving Bank.
Credit Entries. 10.1. With the exception of cash transactions, the availability of any amounts resulting from the delivery by the Client of cheques, debt securities or other amounts for crediting an account is subject to the condition of their good collection.
Credit Entries. (a) In addition to the warranties applicable under the ACH Rules, you are responsible for ensuring that each credit Entry is for a sum specified by a party to be paid by you, or is a correction of a previously transmitted erroneous credit Entry. You agree that Bank may establish a credit exposure limit for the maximum total dollar amount of credit Entries that will be processed for you.
Credit Entries. Prior to the Settlement Date, you must deposit into the Account sufficient available funds to cover the amount of each credit Entry we transmit. Notwithstanding, we may, in our sole discretion, require you to have such available funds in the Account prior to our transmittal of a credit Entry to an ACH Operator.
