Default Decision Sample Clauses

Default Decision. (a) If you fail to make a timely Pay Instruction or Return Instruction to the Bank on an exception (a "Pay" or "No Pay" decision), you authorize the Bank to pay these item(s).
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Default Decision. If you fail to make a "Pay" or "Return" decision by 5:00 PM (PT) on an ACH Exception, the ACH Debit Entry will be returned by us. You authorize the Bank to return these items.
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Default Decision. At the time of enrolment in the Service, the Service will be set-up to automatically pay all Exception Cheques which are not decisioned by the decision deadlines below. If the Customer wishes to have all Exception Cheques not decisioned returned, this must be pre-agreed in writing by Royal Bank.
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Default Decision. If the Company does not make a decision on an Exception Item prior to the Decision Deadline, Company hereby instructs the Bank to use the default Positive Pay Option selected on the ARPPA Schedule A to Return or Pay the exception item.
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Default Decision. For each account utilizing this Service, Customer shall elect a continuing default decision classification for all Exception Items, on the Enrollment Form. The default classification choices shall be: (a) Pay all Exception Items if Customer has not issued a Return Request by the deadline in t h e E nrollment Form; or (b) Return all Exception Items if Customer has not issued a Pay Request by the deadline in Enrollment Form. Customer's elections shall be a "Default Decision". Notwithstanding the foregoing, a Default Direction does not apply to checks presented in person at Bank's branches for payment. If the comparison between the presented check and the Issued Check Record results in an Exception Item as defined herein, the check will not be accepted for payment by Bank.
Sample 1
Default Decision. If Customer selects the Positive Pay Services, Customers are obligated to select a default decision to pay or return Exceptions. If Customer has not informed Bank of any Decision by Bank’s 11:00 p.m. Central Time deadline, the default decision as designated by Customer, will automatically be applied to checks and ECP check presentment items based on Customer’s default selections.
Sample 1

Related to Default Decision

  • H DEFAULT, DISRUPTION AND TERMINATION H1 Termination on insolvency and change of control H1.1 The Client may terminate the Contract with immediate effect by notice in writing where the Contractor is a company and in respect of the Contractor:

  • Default, Disruption and Termination H1 Termination on Change of Control and Insolvency H2 Termination on Default H3 Break H4 Consequences of Termination H5 Disruption H6 Recovery upon Termination H7 Force Majeure

  • Default Notice As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”):

  • Notification of Default (a) Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been provided by another Obligor).

  • Remedies Upon an Event of Default If an Event of Default shall have occurred and shall be continuing, the Holder of this Note may at any time at its option, declare the entire unpaid principal balance of this Note, together with all interest accrued hereon, due and payable, and thereupon, the same shall be accelerated and so due and payable; provided, however, that upon the occurrence of an Event of Default described in Section 3.1(f), without presentment, demand, protest, or notice, all of which are hereby expressly unconditionally and irrevocably waived by the Borrower, the outstanding principal balance and accrued interest hereunder shall be automatically due and payable. In addition, if an Event of Default shall have occurred and be continuing, the Holder may exercise or otherwise enforce any one or more of the Holder’s rights, powers, privileges, remedies and interests under this Note or applicable law and institute such actions or proceedings in law or equity as it shall deem expedient for the protection of its rights and may prosecute and enforce its claims against all assets and property of the Borrower, and in connection with any such action or proceeding shall be entitled to receive from the Borrower, payment of the principal amount of this Note plus accrued interest to the date of payment plus reasonable expenses of collection, including, without limitation, attorneys' and experts' fees and expenses. No course of delay on the part of the Holder shall operate as a waiver thereof or otherwise prejudice the right of the Holder. No remedy conferred hereby shall be exclusive of any other remedy referred to herein or now or hereafter available at law, in equity, by statute or otherwise.

  • Default Remedies Termination A. [Sec. 400]

  • Default Termination a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

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