Common use of Provisional Payment Clause in Contracts

Provisional Payment. You represent to the Bank and agree that it shall be bound by the provision of the Rules making or receiving payment of an Entry by the RDFI to or from a Receiver provisional until receipt by the RDFI of final settlement for such Entry, and specifically acknowledges that it has received notice of that Rule and of the fact that, if such settlement is not received, the RDFI shall be entitled to a refund from the Receiver of the amount credited and you shall not be deemed to have paid or been paid by the Receiver the amount of the Entry.

Provisional Payment. You represent agree to the Bank and agree that it shall be bound by and comply with the provision of the ACH Rules making or receiving that payment of an a Credit Entry by a Receiving Depository Financial Institution ("RDFI") to the RDFI to or from a Receiver is provisional until receipt by the RDFI of final settlement for such the Entry, and . You specifically acknowledges acknowledge that it has you have hereby received notice of that Rule the foregoing rule regarding provisional payment and of the fact that, that if such settlement for the Credit Entry is not receivedreceived by the RDFI, the RDFI shall be entitled to a refund from the Receiver of the amount credited and you shall not be deemed to have paid or been paid by the Receiver the amount of the Entry.

Provisional Payment. You represent to the Bank and agree Company agrees that it shall will be bound by the provision provisions of the Rules making or receiving payment of an Entry by the RDFI to or from a the Receiver provisional until receipt by the RDFI of final settlement for such Entry, and specifically acknowledges that it has received notice of that Rule and of the fact that, if such settlement is not received, the RDFI shall will be entitled to a refund from the Receiver of the amount credited and you shall Company will not be deemed to have paid or been paid by the Receiver the amount of the Entry.

Provisional Payment. You represent to the Bank and agree that it you shall be bound by the provision of the Rules making or receiving payment of an Entry by the RDFI to or from a the Receiver provisional until receipt by the RDFI of final settlement for such Entry, and specifically acknowledges acknowledge that it has you have received notice of that Rule and of the fact that, if such settlement is not received, the RDFI shall be entitled to a refund from the Receiver of the amount credited and you shall not be deemed to have paid or been paid by the Receiver the amount of the Entry.

Provisional Payment. You represent agree to the Bank and agree that it shall be bound by and comply with the provision of the ACH Rules making or receiving that payment of an a Credit Entry by the a RDFI to or from a the Receiver is provisional until receipt by the RDFI of final settlement for such the Entry, and . You specifically acknowledges acknowledge that it has you have hereby received notice of that Rule the foregoing rule regarding provisional payment and of the fact that, that if such settlement for the Credit Entry is not receivedreceived by the RDFI, the RDFI shall be entitled to a refund from the Receiver of the amount credited and you shall not be deemed to have paid or been paid by the Receiver the amount of the Entry.

Provisional Payment. You represent Company represents to the Bank and agree agrees that it shall be bound by the provision of the Rules making or receiving payment of an Entry by the RDFI to or from a the Receiver provisional until receipt by the RDFI of final settlement for such the Entry, and specifically acknowledges that it has received notice of that Rule and of the fact that, if such the settlement is not received, the RDFI shall be entitled to a refund from the Receiver of the amount credited and you Company shall not be deemed to have paid or been paid by the Receiver the amount of the Entry.