EXCEPTION DECISIONS. All exceptions must be reviewed and decided by Client by the applicable deadline or the System will apply the pay/return default, as applicable, to the entire file. If Client’s exception decision is to return a check or ACH transaction, Client must select an applicable reason code. Client may research suspect items in the System by viewing the check image. In some cases, Client may correct an Exception Item or ACH Exception after researching a discrepancy. Bank is under no obligation to honor Client’s corrected Check-Issued Files or ACH Exceptions when the correction is received by Bank after the applicable cutoff hour.
Appears in 5 contracts
Samples: Treasury Management Services Agreement, Treasury Management Services Agreement, Treasury Management Services Agreement
