Common use of Exposure Limit Clause in Contracts

Exposure Limit. Alloya may assign a limit representing the maximum aggregate dollar amount of Entries that may be initiated by Member each day (ACH Exposure Limit). Member acknowledges that the ACH Exposure Limit is solely for the protection of Alloya and its assets and Member and its assets. Alloya may suspend processing or reject Entries if the ACH Exposure Limit is exceeded on each processing date. If any Entries are rejected, Alloya will provide timely notification to Member of such rejection.

Exposure Limit. Alloya may assign a limit representing the maximum aggregate dollar amount of Entries that may be initiated by Member each day (ACH Exposure Limit). Member acknowledges that the ACH Exposure Limit is solely for the protection of Alloya Xxxxxx and its assets and Member and its assets. Alloya may suspend processing or reject Entries if the ACH Exposure Limit is exceeded on each processing date. If any Entries are rejected, Alloya Xxxxxx will provide timely notification to Member of such rejection.