Common use of Entry Rights Clause in Contracts

Entry Rights. Merchant authorizes Vantage to receive, process, and initiate Entries prepared by Merchant in accordance with Merchant’s requests or instructions. Vantage’s processing of any Entry does not constitute a representation or endorsement that such Entry is complete, accurate, or compliant with the Rules, Laws, or Policies. Vantage will not be liable for any rejected Entry and Merchant is responsible for modifying and resubmitting such Entry or otherwise handling the payments or charges with the counter-party. Vantage may, but will have no obligation to, remake or resubmit any rejected Entry on behalf of Merchant. Merchant understands that the RDFI or Receiver may stop payment on, return, or decline any Entry or portion thereof in accordance with the NACHA Rules and any applicable Laws. Vantage will not be responsible for any Entry which is returned or declined and Merchant is solely responsible for remaking and resubmitting the Entry in accordance with the NACHA Rules or otherwise handling the payments or charges with the counter-party. Merchant will not resubmit any Entry in violation of the NACHA Rules. Merchant shall immediate reimburse Vantage for all funds Merchant received in connection with any Entry subject to a stop payment, return, or decline, or other reversal and Vantage may immediately debit Merchant’s depository account for such amounts. Vantage will endeavor to promptly submit and cause the processing of any Entry prepared by Merchant that is complete, accurate, and compliant with the Rules, Laws,and Policies, but shall have no obligation to timely submit or cause the processing of any Entry and will not be liable for any delay for any reason. Merchant will have no right to cancel or revoke any Entry after submission of such Entry or a request that Vantage prepare such Entry. Vantage may, at its sole discretion, use reasonable efforts to act on a cancellation or revocation request received from Merchant with respect to an Entry, but will have no liability if such cancellation or revocation is not successful, and Merchant will reimburse Vantage for all expenses, losses, damages, or other amounts Vantage incurs in connection with its reasonable efforts to effectuate Merchant’s request. If permitted by the NACHA Rules, Merchant may submit reversing Entries or adjustment Entries, and Vantage is authorized to debit or credit Merchant’s depository account in accordance with all such Entries.

Entry Rights. Merchant authorizes Vantage to receive, process, and initiate Entries prepared by Merchant in accordance with Merchant’s requests or instructions. Vantage’s processing of any Entry does not constitute a representation or endorsement that such Entry is complete, accurate, or compliant with the Rules, Laws, or Policies. Vantage will not be liable for any rejected Entry and Merchant is responsible for modifying and resubmitting such Entry or otherwise handling the payments or charges with the counter-counter- party. Vantage may, but will have no obligation to, remake or resubmit any rejected Entry on behalf of Merchant. Merchant understands that the RDFI or Receiver may stop payment on, return, or decline any Entry or portion thereof in accordance with the NACHA Rules and any applicable LawsLaw. Vantage will not be responsible for any Entry which is returned or declined and Merchant is solely responsible for remaking and resubmitting the Entry in accordance with the NACHA Rules or otherwise handling the payments or charges with the counter-party. Merchant will not resubmit any Entry in violation of the NACHA Rules. Merchant shall immediate reimburse Vantage for all funds Merchant received in connection with any Entry subject to a stop payment, return, or decline, or other reversal and Vantage may immediately debit Merchant’s depository account for such amounts. Vantage will endeavor to promptly submit and cause the processing of any Entry prepared by Merchant that is complete, accurate, and compliant with the Rules, Laws,and Policies, but shall have no obligation to timely submit or cause the processing of any Entry and will not be liable for any delay for any reasondelay. Merchant will have no right to cancel or revoke any Entry after submission of such Entry or a request that Vantage prepare such Entry. Vantage may, at its sole discretion, use reasonable efforts to act on a cancellation or revocation request received from Merchant with respect to an Entry, but will have no liability if such cancellation or revocation is not successful, successful and Merchant will reimburse Vantage for all expenses, losses, damages, or other amounts Vantage incurs in connection with its reasonable efforts to effectuate Merchant’s request. If permitted by the NACHA Rules, Merchant may submit reversing Entries or adjustment Entries, and Vantage is authorized to debit or credit Merchant’s depository account in accordance with all such Entries.