Common use of Debit Entries Clause in Contracts

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.

Appears in 4 contracts

Samples: Terms, Terms of Service Fattmerchant Sub Merchant Agreement, Terms of Service Fattmerchant Sub Merchant Agreement

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