Customer’s Right to Refund Debit Entry. You acknowledge that a Customer, under the Rules, has the right to obtain a refund of funds debited from a Customer’s account by such Customer’s sending of a notice to the Receiving Depository Financial Institution (RDFI) that a debit entry was, in whole or in part, not authorized, and the right of the RDFI to obtain payment of the amount of such entry from an Originating Depository Financial Institution (ODFI) by transmitting an adjustment entry in the amount of such refund. You agree to pay us the amount of (i) any such adjustment entry upon its receipt by us, and (ii) with respect to any On-Us entry, any refund paid by us to a Customer in connection with such Customer’s claim that an entry was, in whole or in part, not authorized.
Customer’s Right to Refund Debit Entry. Company acknowledges that a Customer has the right to obtain a refund of funds debited from a Customer’s Account by sending a notice to their bank (the RDFI) that a Debit Entry was, in whole or in part, not authorized, and the right of the RDFI to obtain payment from the Companies bank (an ODFI) by transmitting an adjustment entry (as described in Section 7.7 of the Rules, and hereinafter “Adjustment Entry”) in the amount of such refund. Company agrees to pay Bank the amount of the Adjustment Entry.
