Common use of Cancellation or Amendment by Company Clause in Contracts

Cancellation or Amendment by Company. Company shall have no right to cancel or amend any Entry after its receipt by Financial Institution. However, Financial Institution may, at its option, accept a cancellation or amendment by Company. If Financial Institution accepts a cancellation or amendment of an Entry, Company must comply with the Security Procedures provided in Section 7 of this Agreement. If such a request is received by the Financial Institution before the affected Entry has been transmitted to the ACH (or, in the case of an On-Us Entry, before the Receiver's account has been credited or debited), the Financial Institution will use reasonable efforts to cancel or amend the Entry as requested, but the Financial Institution shall have no liability if the cancellation or amendment is not effected. If Financial Institution accepts a cancellation or amendment of an Entry, Company xxxxxx agrees to indemnify, defend all claims and hold Financial Institution harmless from any loss, damages, or expenses, including but not limited to attorney's fees, incurred by Financial Institution as the result of its acceptance of the cancellation or amendment.

Cancellation or Amendment by Company. Company shall have no right to cancel or amend any Entry after its receipt by Financial Institution. However, Financial Institution may, at its option, accept a cancellation or amendment by Company. If Financial Institution accepts a cancellation or amendment of an Entry, Company must comply with the Security Procedures provided in Section 7 of this Agreementprovided. If such a request is received by the Financial Institution before the affected Entry has been transmitted to the ACH (or, in the case of an On-Us Entry, before the Receiver's account has been credited or debited), the Financial Institution will use reasonable efforts to cancel or amend the Entry as requested, but the Financial Institution shall have no liability if the cancellation or amendment is not effected. If Financial Institution accepts a cancellation or amendment of an Entry, Company xxxxxx hereby agrees to indemnify, defend all claims and hold Financial Institution harmless from any loss, damages, or expenses, including but not limited to attorney's fees, fees incurred by Financial Institution as the result of its acceptance of the cancellation or amendment.

Cancellation or Amendment by Company. Company shall have no right to cancel or amend any Entry after its receipt by Financial InstitutionFI. However, Financial Institution FI may, at its option, accept a cancellation or amendment by Company. If Financial Institution FI accepts a cancellation or amendment of an Entry, Company must comply with the Security Procedures provided in Section 7 of this Agreement. If such a request is received by the Financial Institution FI before the affected Entry has been transmitted to the ACH Processor (or, in the case of an On-Us Entry, before the Receiver's account has been credited or debited), the Financial Institution FI will use reasonable efforts to cancel or amend the Entry as requested, but the Financial Institution FI shall have no liability if the cancellation or amendment is not effected. If Financial Institution FI accepts a cancellation or amendment of an Entry, Company xxxxxx hereby agrees to indemnify, defend all claims and hold Financial Institution FI harmless from any loss, damages, or expenses, including but not limited to attorney's fees, incurred by Financial Institution FI as the result of its acceptance of the cancellation or amendment.

Cancellation or Amendment by Company. Company shall have no right to cancel or amend any Entry after its receipt by Financial InstitutionBank. However, Financial Institution Bank may, at its option, accept a cancellation or amendment by Company. If Financial Institution Bank accepts a cancellation or amendment of an Entry, Company must comply with the ACH Origination Security Procedures provided in Section 7 of this AgreementProcedures. If such a request is received by the Financial Institution Bank before the affected Entry has been transmitted to the ACH (or, in the case of an On-Us Entry, before the Receiver's account has been credited or debited), the Financial Institution Bank will use reasonable efforts to cancel or amend the Entry as requested, but the Financial Institution Bank shall have no liability if the cancellation or amendment is not effected. If Financial Institution Bank accepts a cancellation or amendment of an Entry, Company xxxxxx hereby agrees to indemnify, defend all claims and hold Financial Institution Bank harmless from any loss, damages, or expenses, including but not limited to attorney's fees, incurred by Financial Institution Bank as the result of its acceptance of the cancellation or amendment.