ACH Items Sample Clauses

ACH Items. Seller and Buyer will use their best efforts to transfer all ACH arrangements to Buyer as soon as possible after the Closing Date. At least fifteen (15) Business Days prior to the Closing Date, Seller will deliver to Buyer (i) a listing of account numbers for all accounts being assumed by Buyer subject to ACH Items and Recurring Debit arrangements, and (ii) all other records and information necessary for Buyer to administer such arrangements. Buyer shall continue such ACH arrangements and such Recurring Debit arrangements as are originated and administered by third parties and for which Buyer need act only as processor; Buyer shall have no obligation to continue Recurring Debit arrangements that were originated or administered by Seller, and Seller, if so directed by Buyer, shall terminate such arrangements on or prior to the Closing Date. After the Closing Date Seller will use its best efforts by 11:00 a.m. on each Business Day, to (1) telecopy or deliver to Buyer, at such address as Buyer may from time to time designate, a detailed listing of all debits and credits of ACH Items or Recurring Debit activity affecting the Deposits during the prior Business Day, and (ii) remit by wire transfer to Buyer all ACH Item funds then known by Seller that are intended for Deposit accounts being transferred to Buyer; provided, however, that Seller's obligation to deliver such summaries of its expenses and to forward such ACH Items shall continue only until one hundred twenty (120) days after the Closing Date. Thereafter, Seller will return all ACH Items to the paying party. All amounts due and not paid by 11:00 a.m. on the date payment is due shall accrue interest at a rate equal to the Fed Funds Rate as of the date such payment is due.
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ACH Items. ACH items will be handled in the following manner: (i) At least thirty (30) calendar days prior to the Closing Date, Seller will deliver to Purchaser (A) a modem transmission of all ACH Items and recurring debit arrangements in standard ACH format, (B) copies of all ACH origination forms for social security payments and recurring debit arrangements being assumed by Purchaser hereunder, and (C) all other records and information in Seller's possession necessary for Purchaser to administer such arrangements. (ii) As soon as possible after the Closing Date, Seller and Purchaser will use their reasonable efforts to transfer all ACH arrangements to Purchaser. Purchaser shall continue such ACH arrangements and such recurring debit arrangements as are originated and administered by third parties and for which Purchaser need act only as
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ACH Items. Seller and Buyer will use their best efforts to transfer existing ACH arrangements to Buyer as soon as possible after the Closing Date. At least thirty (30) calendar days prior to the Closing Date, Seller will deliver to Buyer (i) a modem transmission of existing ACH Items and Recurring Debit Arrangements, (ii) copies of existing ACH origination forms for social security payments and Recurring Debit arrangements being assumed by Buyer hereunder, and (iii) all other records and information necessary for Buyer to administer such arrangements. Buyer shall continue such ACH arrangements and such Recurring Debit arrangements as are originated and administered by third parties and for which Buyer need act only as processor. Buyer shall have no obligation to continue Recurring Debit arrangement that were originated or administered by Seller, and Seller shall terminate such arrangements on or prior to the Closing Date. After the Closing Date, Seller will use its best efforts to (i) by no later than 6:00 p.m. on each business day, transmit or deliver to Buyer, at such address as Buyer may from time to time designate, a summary of ACH Items or Recurring Debit activity affecting the Accounts during the prior business day; and (ii) remit by wire transfer to Buyer all ACH Item funds then known by Seller, that are intended for Accounts being transferred to Buyer; provided, however, that Seller's obligation to deliver such summaries and to forward such ACH Items shall continue only until one hundred twenty (120) calendar days after the Closing Date. Thereafter, Seller will return all ACH Items to the originating depository financial institution ("ODFI").
Sample 1
ACH Items. The term “ACH Items” means automated clearing house debits and credits, including social security payments, federal recurring payments and other payments debited and/or credited to or from Deposit accounts pursuant to arrangements between the owner of the account and a third party directly making the credits or debits.
Sample 1
ACH Items. ACH items will be handled in the following manner: (i) Beginning at least thirty (30) calendar days prior to the Closing Date, Seller will deliver each day to Purchaser a modem transmission or paper report of all ACH Items and recurring debit/credit arrangements in standard ACH format. (ii) At least thirty (30) calendar days prior to the Closing Date, Seller will deliver to Purchaser, (A) copies of any ACH origination forms for social security payments and recurring debit/credit arrangements being assumed by Purchaser which are in Seller's possession hereunder, and (B) all other records and information in Seller's possession necessary for Purchaser to administer such arrangements. (iii) As soon as possible after the Closing Date, Seller and Purchaser will use their reasonable efforts to transfer all ACH arrangements to Purchaser. Purchaser shall continue such ACH arrangements and such recurring debit arrangements as are originated and administered by third parties and for which Purchaser need act only as processor. (iv) Beginning on the Closing Date and for one hundred and twenty (120) calendar days after the Closing Date, Seller shall use commercially reasonable efforts to, prior to 12:00 p.m. (New York
Sample 1
ACH Items. Seller or its vendor will provide to Buyer on or before the Closing Date a list of those originators who, within four (4) months prior to the Closing Date, originated ACH transfers to or from the sold Deposit accounts. The Buyer will promptly use this file of incoming transactions to notify such originators that such Deposit accounts have been sold to Buyer and to provide such originators with the new ABA and account numbers for such sold Deposit accounts. For a period (the "ACH Transaction Transfer Period") of 90 days after the Closing Date, a daily file of incoming transferred transactions will be provided to Buyer. This file will be made available to the Buyer through the use of a mutually acceptable method of transferring ACH transactions and information. The file completion time will be approximately 6:30 a.m. ET. During the ACH Transaction Transfer Period, for ACH transactions presented to Seller on sold Deposit accounts, Seller shall provide next-day net settlement debit or credit transactions. At least thirty (30) days prior to the Closing Date, Buyer must provide Seller with its ABA and settlement account number and written authorization to post transactions. Upon the conclusion of the ACH Transaction Transfer Period, Seller or its vendor shall return all ACH transactions to the originator. For 90 days after the expiration of the ACH Transaction Transfer Period, the reason code (R12 - "Account Sold to Another Financial Institution.") will be provided to the originator. Thereafter, Seller or its vendor will revert to the normal return message provided originators, which is R02 - "Return - Account Closed."
Sample 1
ACH Items. (i) Beginning at least thirty (30) calendar days prior to the Closing Date, Seller will deliver each day to Purchaser a modem transmission or paper report of all ACH Items and recurring debit/credit arrangements in standard ACH format. (ii) At least thirty (30) calendar days prior to the Closing Date, Seller will deliver to Purchaser, (A) copies of any ACH origination forms for social security payments and recurring debit/credit arrangements being assumed by Purchaser which are in Seller's possession hereunder, and (B) all other records and information in Seller's possession necessary for Purchaser to administer such arrangements. (iii) As soon as possible after the Closing Date, Seller and Purchaser will use their reasonable efforts to transfer all ACH arrangements to Purchaser. Purchaser shall continue such ACH arrangements and such recurring debit arrangements as are originated and administered by third parties and for which Purchaser need act only as processor.
Sample 1
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Related to ACH Items

  • Other Items Any other items that the Bank reasonably requires.

  • Prepaid Items All prepaid expenses relating to the Station.

  • Lost Items The Credit Union, in receiving items from you for withdrawal or deposit, acts only as your agent and reserves the right to reverse the credit for any deposited items or to charge your account for the items should they become lost in the collection process.

  • Excluded Items The following items are excluded from this sale:

  • Eligible Items You agree to scan and deposit only "checks" as that term is defined in Federal Reserve Regulation CC ("Reg. CC"). When the image of the check transmitted to the Bank is converted to an Image Replacement Document for subsequent presentment and collection, it shall thereafter be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code.

  • Ineligible Items Items ineligible for grant award reimbursement include: alcohol, for consumption purposes; land; construction or reconstruction of driving ranges, towers and skid pads; construction, rehabilitation or remodeling of State, local or private buildings or structures; and office furnishings and fixtures. Grant funds shall never be used to purchase property or build facilities. Grantees are responsible for paying for grant-funded goods and services in a timely manner. Grant funds may not be used to pay late fees, finance charges, interest, or any costs associated with late or overdue bills. All such costs are the sole responsibility of Grantee.

  • Returned Items You are solely responsible for any Item for which you have been given provisional credit, and any such Item that is returned or rejected may be charged to your Account. You acknowledge that all credits received for deposits made through the Service are provisional, subject to verification and final settlement. Any Item that we return to you will be returned in the form of an Image or an IRD.

  • Items All bid items are to be NEW and of most current production, unless otherwise specified.

  • Collection of Taxes, Assessments and Similar Items; Escrow Accounts (a) To the extent required by the related Mortgage Note and not violative of current law, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law. (b) Withdrawals of amounts so collected from the Escrow Accounts may be made only to effect timely payment of taxes, assessments, hazard insurance premiums, condominium or PUD association dues, or comparable items, to reimburse the Master Servicer out of related collections for any payments made pursuant to Sections 3.01 hereof (with respect to taxes and assessments and insurance premiums) and 3.09 hereof (with respect to hazard insurance), to refund to any Mortgagors any sums determined to be overages, to pay interest, if required by law or the terms of the related Mortgage or Mortgage Note, to Mortgagors on balances in the Escrow Account or to clear and terminate the Escrow Account at the termination of this Agreement in accordance with Section 9.01 hereof. The Escrow Accounts shall not be a part of the Trust Fund. (c) The Master Servicer shall advance any payments referred to in Section 3.06(a) that are not timely paid by the Mortgagors on the date when the tax, premium or other cost for which such payment is intended is due, but the Master Servicer shall be required so to advance only to the extent that such advances, in the good faith judgment of the Master Servicer, will be recoverable by the Master Servicer out of Insurance Proceeds, Liquidation Proceeds or otherwise.

  • Personal Items In accordance with Departmental policy, employees will be reimbursed for personal items required on the job that are lost, damaged or destroyed in the line of duty. Reimbursement will be up to an amount of $100 per occurrence, excluding prescription eyewear.

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