Common use of ACH Payments Clause in Contracts

ACH Payments. Capitalized terms used in this Section 4 that are not otherwise defined have the meanings assigned in the National Automated Clearing House Association (“NACHA”) rules (“NACHA Rules”). By initiating ACH transactions, you specifically adopt and makes to us all representations and warranties of an Originator under the NACHA Rules, including that you will not initiate Entries in violation of the NACHA Rules or applicable law. You acknowledge that you have access to a copy of the Rules, available at xxxx://xxx.xxxxx.xxx/rules, which are incorporated by reference into this agreement. We may suspend or terminate your ability to make ACH payments if you fail to comply with the NACHA Rules, including disputes or unauthorized transactions arising from your use of the ACH network. We reserve the right to audit your compliance with the NACHA Rules and the ACH-related terms of this Agreement.

Appears in 6 contracts

Samples: Commercial Deposit Account Agreement, Consumer Savings Account Agreement, Commercial Deposit Account Agreement

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ACH Payments. Capitalized terms used in this Section 4 5 that are not otherwise defined have the meanings assigned in the National Automated Clearing House Association (“NACHA”) rules (“NACHA Rules”). By initiating ACH transactions, you specifically adopt and makes to us all representations and warranties of an Originator under the NACHA Rules, including that you will not initiate Entries in violation of the NACHA Rules or applicable law. You acknowledge that you have access to a copy of the Rules, available at xxxx://xxx.xxxxx.xxx/rules, which are incorporated by reference into this agreement. We may suspend or terminate your ability to make ACH payments if you fail to comply with the NACHA Rules, including disputes or unauthorized transactions arising from your use of the ACH network. We reserve the right to audit your compliance with the NACHA Rules and the ACH-related terms of this Agreement.

Appears in 1 contract

Samples: Commercial Savings Account Agreement

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ACH Payments. Capitalized terms used in this Section 4 that are not otherwise defined have the meanings assigned in the National Automated Clearing House Association (“NACHA”) rules (“NACHA Rules”). By initiating ACH transactions, you specifically adopt and makes to us all representations and warranties of an Originator under the NACHA Rules, including that you will not initiate Entries in violation of the NACHA Rules or applicable law. You acknowledge that you have access to a copy of the Rules, available at xxxx://xxx.xxxxx.xxx/rules, which are incorporated by reference into this agreement. We may suspend or terminate your ability to make ACH payments if you fail to comply with the NACHA Rules, including disputes or unauthorized transactions arising from your use of the ACH network. We reserve the right to audit your compliance with the NACHA Rules and the ACH-ACH- related terms of this Agreement.

Appears in 1 contract

Samples: Deposit Account Agreement

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