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).
Appears in 4 contracts
Samples: Global Transaction Services Master Agreement, Master Agreement, Global Transaction Services Master Agreement
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)instruction decision on an Exception item, you authorize the Bank to pay return these item(s)items unpaid.
Appears in 3 contracts
Samples: Global Transaction Services Master Agreement, Master Agreement, Global Transaction Services
