Debit Entries. Fattmerchant shall on the applicable Settlement Date credit the account with the amount of each debit Entry transmitted to Fattmerchant. In the event any Entry is returned in accordance with the Rules by a Receiving Depository Bank after Fattmerchant has provided credit, Merchant shall, upon demand, repay Fattmerchant the amount of the Return Entry.
Debit Entries. Bank shall on the applicable Settlement Date credit the Account with the amount of each debit Entry transmitted by Bank. In the event any Entry is returned in accordance with the Rules by a Receiving Depository after Bank has provided credit, Company shall, upon demand, repay Bank the amount of the Return Entry. Bank may require Company to maintain reserves in order to adequately cover return items. Cut-off times are posted within the Business Online Banking programs and can also be located at xxx.XXXX.xxx. Any ACH transmission received by Bank after its daily Cut-off time shall be deemed to have been received by Bank at the opening of its next Business Day.
Debit Entries. We shall credit the ACH Account with the amount of each debit Entry transmitted to us by our Automated Clearing House upon expiration of the Credit Hold Period. In the event any Entry is properly returned by a Receiving Depository Financial Institution after we have provided credit, (i) you shall, upon demand, repay us the amount of the returned Entry or Depository Transfer Check, or (ii) we may, at our election, set off such amounts against any of your accounts.
Debit Entries. Bank will credit the Settlement Account with immediately available funds for the amount of any preauthorized debit Entry executed by Bank at any time on the Settlement Date as Bank, in its sole discretion, may determine for those Entries, and in accordance with the NACHA Rules. Customer agrees that Bank may immediately charge to the Settlement Account the amount of each preauthorized debit that is returned unpaid by any Receiving Bank according to the NACHA Rules.
Debit Entries. When you initiate a debit Entry, you will receive immediately available funds in the Authorized Accounts for such Entry on the applicable effective date or the next banking day after our receipt of the debit Entry information from you. You will promptly provide good collected funds into the affected Authorized Account to repay us for the amount of the Entry if any debit Entry is rejected after we have permitted you to withdraw good collected funds in the amount thereof or if any adjustment memorandum that relates to any such Entry is received by us.
Debit Entries. (a) Debit exposure limit is the maximum total dollar amount of your debit Entries transmitted and accepted by Bank for processing but not yet settled. Bank may not permit you to initiate debit Entries and/or may require you to maintain a minimum balance sufficient to cover returned or rejected Entries.
(b) You will maintain a demand deposit Account (hereinafter called the “Business Account”) with Bank to which Bank will credit amounts received in collection of debit Entries. All such credits are provisional, and Bank may charge the Business Account as well as any other Account of yours with Bank, for the amount of a returned or rejected debit Entry. You authorize Bank to withdraw the funds from the Business Account on the day the returned or rejected debit Entry is received by Bank or thereafter. You warrant that you shall maintain a sufficient balance in the Business Account to cover returned or rejected debit Entries, which for any reason cannot, in part or in whole, be debited against a Business Customer. If Bank processes any Entry for which it has not received final settlement, the amount of the Entry, at the option of Bank, shall become immediately due and payable by you to Bank, and Bank shall have the right to charge the amount to the Business Account, as well as any other Account of yours with Bank, or claim a refund from you. Bank will have no obligation to transmit future ACH originations until the transactions are settled in full.
(c) Should you wish to change the amount or date of billing of a recurring debit Entry in respect to any Business Customer, you shall mail or deliver written notice to the Business Customer ten (10) calendar days before such debit Entry; however, should you inform a Business Customer of his/her Entries varying in amount, such Business Customer may elect to receive notice only when a recurring debit Entry does not fall within a specified range of amounts (which shall in all respects be reasonable) or, alternatively, only when a recurring debit differs from the most recent amount by more than an agreed upon amount. You agree to strictly comply with the provisions of this paragraph, and you understand that Bank will be relying upon such promise in order that Bank may comply with applicable federal and state Laws.
(d) You shall timely assist Bank to resolve any reported errors by providing Bank with all required documentation and information to substantiate the questioned transaction so that Bank may complete its investig...
Debit Entries. (a) SSB shall credit the Company Account with the amount of each debit entry transmitted by SSB to the Association. Thereafter, the Company shall be entitled to withdraw the amount of such credit. In the event such a debit entry is returned by a Receiving Bank in accordance with the Operating Rules after SSB has provided such credit, the Company shall, upon demand, repay SSB the amount of such entry.
(b) Upon receipt of debit entries at a Receiving Bank, the payment amounts will be debited to the Receiver's account, provided, however, that should such Bank be unable or unwilling to make such charge, it may return the debit entry in accordance with the Operating Rules of the Association or SSB Operating Procedures, whichever is applicable.
Debit Entries. 11.1. A transaction on a current account can be made through cheques, payment orders or transfers, or by any other legal means accepted by the Bank.
11.2. Loan payments and other transactions resulting from debit authorisations, commissions, fees, charges, taxes, debtor interest and taxes relating to the account and other types of accounts associated with it and with the services contracted by the Client are debited on the current account as well as transactions associated with the contracting of financial applications.
11.3. The Bank reserves the right not to debit the account with transactions that exceed the available balance. When the Bank chooses to carry out these operations, an overdraft commission and/or debtor interest will be applied and, unless an overdraft authorisation has been agreed to, the Client is obliged to regularise the debit balance by the end of the
Debit Entries. 11.1. A transaction on a current account can be made through cheques, payment orders or transfers, or by any other legal means accepted by the Bank.
11.2. Loan payments and other transactions resulting from debit authorisations, commissions, fees, charges, taxes, debtor interest and taxes relating to the account and other types of accounts associated with it and with the services contracted by the Client are debited on the current account as well as transactions associated with the contracting of financial applications.
11.3. The Bank reserves the right not to debit the account with transactions that exceed the available balance. When the Bank chooses to carry out these operations, an overdraft commission and/or debtor interest will be applied and, unless an overdraft authorisation has been agreed to, the Client is obliged to regularise the debit balance by the end of the day in which it takes place, or if this occurs on a Saturday, Sunday or holiday, by the following working day.
Debit Entries. Adjustments. Bank shall credit the Account on each Settlement Date in an amount equal to the aggregate amount of Debit Entries or any adjustment to any Entry, processed and transmitted by Bank in the name of Customer, to be settled that day. Bank need not make any deposit to the Account available for withdrawal until Bank has reason to know that the Debit Entries or adjusting Entries have been paid. In the event Bank fails to receive final settlement for whatever reason, Bank may charge back the amount thereof to the Account or claim a refund from Customer.
