Company Representations and Agreements; Indemnity. With respect to each and every Entry initiated by the Company, Company represents and warrants to Bank and agrees that (a) each person shown as the Receiver and each Entry has been properly authorized, (b) such authorization is operative at the time of transmittal or crediting/debiting by Bank as provided herein, (c) Entries transmitted to Bank by Company are limited to those types of Credit or Debit Entries set forth in Section 11, Wire Transfer Requests: Transmittal of Entries By Company and Section 16, ACH Origination: Transmittal of ACH Entries By Company, (d) Company shall perform its obligations under this Agreement in accordance with all applicable laws and regulations, and (e) Company shall be bound by and comply with the Rules as in effect from time to time, including, without limitation, the provisional payment of an Entry by the Receiving Depository Financial Institution to the Receiver is provisional until receipt by the Receiving Depository Financial Institution of final settlement for such Entry. Company specifically acknowledges that it has received notice of the Rule regarding provisional payment and of the fact that, if such settlement is not received, the Receiving Depository Financial Institution shall be entitled to a refund from the Receiver of the amount credited and Company shall not be deemed to have paid the Receiver the amount of the Entry. Company shall indemnify Bank against any loss, liability or expense (including attorneys’ fees and expenses) resulting from or arising out of any breach of any of the foregoing representations or agreements. It shall be the responsibility of the Company that the origination of ACH transactions and Wire Transfer requests comply with U.S. law. This includes, but is not limited to sanctions enforced by the Office of Foreign Assets Control (“OFAC”). It shall further be the responsibility of the Company to obtain information regarding such OFAC enforced sanctions (This information may be obtained directly from the OFAC Compliance Hotline at 800-540-OFAC.).
Company Representations and Agreements; Indemnity. Company represents to Bank and agrees that (a) each person shown as the Receiver on an Entry received by Bank from Company has authorized the initiation of such Entry and the Crediting/Debiting of its account in the amount and on the Effective Entry Date shown on such Entry, (b) such authorization is operative at the time of transmittal or Crediting/Debiting by Bank as provided herein, (c) Entries transmitted to Bank by Company are limited to those types of Credit/Debit Entries set forth in any Exhibits, (d) Company shall perform its obligations under this Agreement in accordance with all applicable laws and regulations, and
Company Representations and Agreements; Indemnity. (a) Company represents to Bank and agrees that (i) each person shown as the Receiver on an Entry received by Bank from Company has authorized the initiation of such Entry and the crediting or debiting of its account in the amount and on the Effective Entry Date shown on such Entry, (ii) such authorization is operative at the time of transmittal, crediting or debiting by Bank as provided herein, (iii) Entries transmitted to Bank by Company are limited to the types of Credit Entries and Debit Entries set forth in Schedule E to this Exhibit, (iv) Company shall perform its obligations under this Exhibit in accordance with all Applicable Laws, (v) Company shall have each Merchant enter into an agreement with Company, in form and substance satisfactory to Bank and consistent with this Exhibit, under which the Merchant assumes the responsibilities of an Originator under the ACH Rules and an acknowledgment by the Merchant that Entries may not be initiated that violate the laws of the United States, and (vi) Company shall be bound by and comply with the ACH Rules as in effect from time to time, including, without limitation, the provision thereof making payment of an Entry by the RDFI to the Receiver provisional until receipt by the RDFI of final settlement for such Entry; and specifically acknowledges that it has received notice of that ACH 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 Company shall not be deemed to have paid the Receiver the amount of the Entry.
Company Representations and Agreements; Indemnity. With respect to each and every Entry initiated by Company, Company represents and warrants to Credit Union and agrees that:
Company Representations and Agreements; Indemnity. With respect to each and every ACH item transmitted by the Company, the Company warrants to First Volunteer Bank and agrees that: Each entity shown as a Receiver has authorized the initiation of such entry and the crediting or debiting of its account in the amount and on the Settlement Date entered. Authorization must be obtained prior to the first transaction. Company must indicate how authorization can be revoked. The Company will obtain written authorizations for entries and shall retain in a retrievable and deliverable format the original or electronic record for 2 (two) years after the authorization has been terminated. The Company will provide a copy of any such authorization within 5 days to First Volunteer Bank upon its request. It will be the responsibility of the Company that the origination of ACH transactions complies with U.S. law and that no transactions are being sent to or payments received from suspected terrorists on the OFAC list.
Company Representations and Agreements; Indemnity. With respect to each and every Entry initiated by company, company represents and warrants to financial institution and agrees that
Company Representations and Agreements; Indemnity. With respect to each and every ACH item transmitted by the Company, the Company warrants to First Volunteer Bank and agrees that: Each entity shown as a Receiver has authorized the initiation of such entry and the crediting or debiting of its account in the amount and on the Settlement Date entered. The Company will obtain written authorizations for entries and shall retain in a retrievable and deliverable format the original or electronic record for 2 (two) years after the authorization has been terminated. The Company will provide a copy of any such authorization to First Volunteer Bank upon its request. It will be the responsibility of the Company that the origination of ACH transactions complies with U.S. law and that no transactions are being sent to or payments received from suspected terrorists on the OFAC list.
Company Representations and Agreements; Indemnity. The Company agrees that (a) each person shown as the Receiver on an entry received by the Financial Institution from the Company has authorized the initiation of such entry and the crediting/debiting of its account in the amount and on the Effective Entry Date shown on such entry, (b) such authorization is operative at the time of transmittal or crediting/debiting by the Financial Institution as provided herein, (c) entries transmitted to the Financial Institution by the Company are limited to those types of entries agreed upon by the Bank during the Enrollment process, (d) the Company shall perform its obligations under this Agreement in accordance with all applicable laws and regulations, and (e) the Company shall be bound by and comply with the Rules as in effect from time to time, including without limitation the provision thereof making payment of an entry by the Receiving Depository Financial Institution to the Receiver provisional until receipt by the Receiving Depository Financial Institution of final settlement for such entry; and specifically acknowledges that if such settlement is not received, the Receiving Depository Financial Institution shall be entitled to a refund from the Receiver of the amount credited and the Company shall not be deemed to have paid the Receiver. The Company shall indemnify the Financial Institution against any loss liability or expense (including attorneys’ fees and expenses) resulting from any breach of any of the foregoing agreements.
Company Representations and Agreements; Indemnity. With respect to each and every Entry initiated by Company, Company represents and warrants to Financial Institution and agrees that (a) each person shown as the Receiver or and Entry received by Financial Institution from Company has authorized the initiation of such entry and the crediting of its account in the amount and on the Effective Entry Data shown on such Entry, (b) such authorization is operative at the time of transmittal or crediting by Financial Institution as provided herein, (c ) Entries transmitted to Financial Institution by Company are limited to those types of Credit Entries set forth in Section 1, Transmittal of Entries By Company, (d) Company shall perform its obligations under this Agreement in accordance with all applicable laws and regulations, including the sanctions laws administered by OFAC, and
Company Representations and Agreements; Indemnity. The Company warrants to the Xxxxx Bank & Trust all warranties Xxxxx Bank & Trust is deemed by the Rules to make with respect to entries originated by the Company. Without limiting the foregoing, the Company agrees that (a) each entry is accurate, is timely and that each person shown as the Receiver on an Entry received by Xxxxx Bank & Trust from the Company has authorized the initiation of such Entry and the crediting/debiting of its account in the amount and on the Effective Entry Date shown on such Entry,
