Common use of Dispute over Return of ACH Debit Entry Clause in Contracts

Dispute over Return of ACH Debit Entry. Customer acknowledges that the return of an ACH Entry is subject to dispute on the part of the Originator. In the event of such a dispute Bank must act according to applicable laws, regulations, and the rules of the National Automated Clearing House Association governing ACH transactions, for which the Customer hereby holds the Bank harmless and free of liability under this Agreement.

Dispute over Return of ACH Debit Entry. Customer Company acknowledges that the return of an ACH Debit Entry is subject to dispute on the part of the Originatorsender. In the event of such a dispute the Bank must act according to applicable laws, regulations, and the rules rules, including any attachments or appendices thereto now in effect, or as may be amended from time to time, of the National Automated Clearing House Association governing ACH transactions, for which the Customer hereby holds the Bank harmless and free of liability under this AgreementRules.