Common use of Debits and Credits Clause in Contracts

Debits and Credits. If the Bank has a reasonable doubt that you are entitled to an End User Payment, the Bank may in our sole discretion and to the extent permitted under applicable law: (i) delay crediting your Account for the End User Payment; (ii) delay your availability to funds credited to your Account for the End User Payment; or (iii) delay your availability to funds maintained in your Account or any other Account you maintain with the Bank in the amount of the End User Payment. The Bank may in our sole discretion reject an End User Payment if: (a) it does not contain all of the required information; (b) is post dated; (c) the Bank has reasonable doubt that you are entitled to the End User Payment; (d) your Account with the Bank is not open to receive deposits when the Bank receives the End User Payment; or (e) if the Bank is not permitted by law to accept credits to any of your Accounts when the Bank receives the End User Payment. The Bank will reject any End User Payment directed to you that the Bank receives after Mastercard RPPS has been terminated. The Bank is not obligated to give you separate notices of acceptance or rejection of End User Payments. You agree to pay and the Bank is authorized to debit from your Account any amounts improperly or erroneously credited to your Account, including, without limitation, any credits that reflect duplicative End User Payments or End User Payments otherwise in error and any other sums (including sums in excess of the related End User Payment amount) that the Bank is required to pay or refund to an end user’s financial institution or end user pursuant to the regulations, or by any other law. (If you reimburse a duplicate End User Payment that you are required by law to reimburse by a means other than through Mastercard RPPS, you shall notify the Bank prior to such reimbursement.) Bank may exercise its right of setoff with regard to any funds the Bank receives as a result of an End User Payment or any funds in any Account you maintain with the Bank. In addition, the Bank may reduce any subsequent payment the Bank owes to you under Mastercard RPPS, that the Bank deems necessary because of any adjustment, error, termination of Mastercard RPPS, fees owed to the Bank, any acts or omissions in breach of Mastercard RPPS by you, or any other obligation you owe to the Bank arising under Mastercard RPPS or any other agreement between you and the Bank.

Debits and Credits. If the Bank has a reasonable doubt that you are entitled to an End User Payment, the Bank may in our sole discretion and to the extent permitted under applicable law: (i) delay crediting your Account for the End User Payment; (ii) delay your availability to funds credited to your Account for the End User Payment; or (iii) delay your availability to funds maintained in your Account or any other Account you maintain with the Bank in the amount of the End User Payment. The Bank may in our sole discretion reject an End User Payment if: (a) it does not contain all of the required information; (b) is post dated; (c) the Bank has reasonable doubt that you are entitled to the End User Payment; (d) your Account with the Bank is not open to receive deposits when the Bank receives the End User Payment; or (e) if the Bank is not permitted by law to accept credits to any of your Accounts when the Bank receives the End User Payment. The Bank will reject any End User Payment directed to you that the Bank receives after Mastercard MasterCard RPPS Services has been terminated. The Bank is not obligated to give you separate notices of acceptance or rejection of End User Payments. You agree to pay and the Bank is authorized to debit from your Account any amounts improperly or erroneously credited to your Account, including, without limitation, any credits that reflect duplicative End User Payments or End User Payments otherwise in error and any other sums (including sums in excess of the related End User Payment amount) that the Bank is required to pay or refund to an end user’s financial institution or end user pursuant to the regulations, or by any other law. (If you reimburse a duplicate End User Payment that you are required by law to reimburse by a means other than through Mastercard MasterCard RPPS, you shall notify the Bank prior to such reimbursement.) Bank may exercise its right of setoff with regard to any funds the Bank receives as a result of an End User Payment or any funds in any Account you maintain with the Bank. In addition, the Bank may reduce any subsequent payment the Bank owes to you under Mastercard RPPSMasterCard RPPS Services, that the Bank deems necessary because of any adjustment, error, termination of Mastercard RPPSMasterCard RPPS Services, fees owed to the Bank, any acts or omissions in breach of Mastercard MasterCard RPPS Services by you, or any other obligation you owe to the Bank arising under Mastercard MasterCard RPPS Services or any other agreement between you and the Bank.

Debits and Credits. If On or prior to your payroll direct deposit and/or payroll tax deposit date or other applicable settlement or due date, you authorize Rippling to originate one or more debit Entries to the bank account designated by you (“Bank Account”) at the depository financial institution indicated by the routing number associated with the Bank has a reasonable doubt Account that you are entitled provide to an End User PaymentRippling (the “Bank”), and to debit the Bank may Account in our sole discretion and such amounts as are necessary to the extent permitted under applicable law: (i) delay crediting fund your Account for the End User Paymentdirect deposits and any payments to be made to your employees by check; (ii) delay your availability to funds credited to your Account for the End User Payment; pay any fees or (iii) delay your availability to funds maintained in your Account or any other Account you maintain charges associated with the Bank in the amount of the End User Payment. The Bank may in our sole discretion reject an End User Payment if: (a) it does not contain all of the required information; (b) is post dated; (c) the Bank has reasonable doubt that you are entitled to the End User Payment; (d) your Account with the Bank is not open to receive deposits when the Bank receives the End User Payment; or (e) if the Bank is not permitted by law to accept credits to any of your Accounts when the Bank receives the End User Payment. The Bank will reject any End User Payment directed to you that the Bank receives after Mastercard RPPS has been terminated. The Bank is not obligated to give you separate notices of acceptance or rejection of End User Payments. You agree to pay and the Bank is authorized to debit from your Account any amounts improperly or erroneously credited to your AccountPayroll Service, including, without limitation, any credits that reflect duplicative End User Payments or End User Payments otherwise in error and any other sums finance charges; (iii) pay your payroll taxes (including sums all withholding and other taxes that may be included in excess of the related End User Payment amountPayroll Service); (iv) that the Bank is required to pay any debit, correcting, or refund to an end user’s financial institution or end user reversing Entry initiated pursuant to the regulations, Payroll Additional Terms which is later returned unpaid; (v) verify the Bank Account through a test deposit or by debit authorization; and (vi) pay any other law. (If you reimburse a duplicate End User Payment amount that you are required by law to reimburse by a means other than through Mastercard RPPS, you shall notify is owing under the Bank prior to such reimbursement.) Bank may exercise its right of setoff with regard to any funds the Bank receives as a result of an End User Payment Payroll Additional Terms or any funds in any Account you maintain connection with the BankPayroll Service. In addition, the Bank may reduce any subsequent payment the Bank owes You also authorize Xxxxxxxx to you under Mastercard RPPS, that the Bank deems necessary because of any adjustment, error, termination of Mastercard RPPS, fees owed to the Bank, any acts or omissions in breach of Mastercard RPPS by you, or any other obligation you owe initiate credit Entries to the Bank arising under Mastercard RPPS or Account in the event there are Unpaid Funds to be returned you, as described herein. These authorizations are to remain in full force and effect until Xxxxxxxx has received written notice from you of termination of any other agreement between you such authorizations in such time and such manner as to afford Rippling and the BankBank a reasonable opportunity to act upon such notice. Rippling is not responsible for determining whether the bank accounts of any payors or payees have deposit or withdrawal restrictions. You represent and warrant that (i) you are the owner of the Bank Account and have the right, power and authority to authorize withdrawals or other debits to the Bank Account, and (ii) you are not engaged in any business or activities or other conduct that violates the laws of the United States or other applicable law and that none of the funds or proceeds to be deposited on your behalf in the Payroll Account were derived from or represent proceeds of any crime.