Common use of Cut-off Times Clause in Contracts

Cut-off Times. Deposits made through this Service have a cut off time for same day credit of 7 pm Central Time. After submitting a deposit, that deposit cannot be modified or unsubmitted. There are multiple deposit capture times throughout the day. When a deposit has been captured, the status of that deposit will change from a “submitted” to a “delivered” status. Any deposits made after the daily cut off will be processed the next banking business day.

Appears in 7 contracts

Samples: Hancock Whitney Bank, Master Agreement, Master Agreement

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