ACH / Bill Pay / Check Category Sample Clauses

ACH / Bill Pay / Check Category. This Payment Category includes Debit Transactions that are presented to us in a manner that does not require an immediate payment or authorization of payment (including transactions sent using the Automated Clearing House network—often referred to as “ACH” transactions; online bill pay instructions; checks; Substitute Checks; and Remotely Created Checks). Once all Debit Transactions in the “Cash Out” Category are processed, we next process Debit Transactions in the ACH / Bill Pay / Check Category. Within this category we group similar Debit Transaction types (for example: ACH transactions; bill pay instructions; checks; etc.) together for processing purposes. Within each transaction type for Debit Transactions that do not have an item number (such as ACH transactions; online bill pay transactions sent via ACH or other electronic means; and checks your payee converted to an ACH) we process these Debit Transactions for payment in ascending order (“Low to High”) based on the dollar amount of each transaction. This means that not all ACH and bill pay transactions will be posted from the lowest amount to the highest amount on a given Business Day. Only transactions within each single transaction type will be posted from lowest amount to highest amount. This means that an ACH or bill pay transaction in one transaction type can post before an ACH or bill pay transaction of a different transaction type, even if the former is for a higher dollar amount. After transactions with no item number are processed, we then process checks in ascending item number order. For example, we would process check #100 for payment before we would process check #150, regardless of their amount, if both checks were presented for payment on the same Business Day.
Sample 1
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Related to ACH / Bill Pay / Check Category

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • NOW, THEREFORE the parties hereto agree as follows:

  • Definitions For purposes of this Agreement:

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

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