Common use of EXCEPTION DECISIONS Clause in Contracts

EXCEPTION DECISIONS. Except as provided herein, Bank will not provide Customer with notice of any ACH transactions; ACH Exceptions will be made available to Customer by the Cut-off time as indicated in the applicable User Guide on a Business Day; and Customer shall send Bank an Exception Decision by the Cut-off time as designated within the Positive Pay program on the same day the Exception Item was made available. If this Cut-off passes, the default decision, as indicated on the Implementation form, will be entered for any Exception Item(s). Cut-off times are set at the Bank’s discretion and may change at any time upon notice to Customer.

EXCEPTION DECISIONS. Except as provided herein, Bank will not provide Customer with notice of any ACH transactions; ACH Exceptions will be made available to Customer by the Cut-off time as indicated in the applicable User Guide on a Business Day; and Customer shall send Bank an Exception Decision by the Cut-off time as designated within the Positive Pay program on the same day the Exception Item was made available. If this Cut-off passes, the default decision, as indicated on the Implementation form, will be entered for any Exception Item(s). Cut-off times are set at the Bank’s discretion and may change at any time upon notice to Customer.