Common use of Exposure Limits Clause in Contracts

Exposure Limits. Sub-Merchant shall comply with the monetary file limits established by Fattmerchant based on regulatory file limit guidelines as notified by Fattmerchant. Sub-Merchant agrees that Fattmerchant will not process an Overlimit Entry. Fattmerchant will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entry or other In-Process Entries suspended by Fattmerchant will not settle on their scheduled Settlement Date. If Sub-Merchant wishes to initiate an Entry through Fattmerchant that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant its request to initiate an Entry that otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) banking days prior to the date on which Sub-Merchant wishes to initiate the Entry that otherwise would be an Overlimit Entry. Fattmerchant may require from Sub-Merchant financial or other information in connection with Fattmerchant’s consideration of the request. Fattmerchant may grant or deny the request at its sole discretion. In addition to the foregoing, Fattmerchant generally reserves the right to limit the nature and amount of the preauthorized debit/credit Entries processed under this Agreement or to refuse to process any debit/credit Entries under this Agreement if, in Fattmerchant 's sole judgment (i) there is reasonable cause to believe that any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable clearing house association or any governmental authority or agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by Fattmerchant with respect to a particular preauthorized debit/credit Entry, Fattmerchant will notify Sub-Merchant as promptly as practicable, but in no event later than two

Exposure Limits. Sub-Merchant shall will comply with the monetary file limits established by Fattmerchant WorkWave based on regulatory file limit guidelines as notified by Fattmerchantguidelines. Sub-Merchant agrees that Fattmerchant WorkWave will not be required to process any Entry (an “Overlimit Entry”) the amount of which would cause the aggregate dollar amount of the In- Process Entries to exceed the amount permitted to be outstanding at any time (“Entry Settlement Limit”), which amount will be separately communicated to Sub-Merchant by WorkWave in writing from time to time. Fattmerchant WorkWave will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entry Entries or other In-Process Entries suspended by Fattmerchant WorkWave will not settle on their scheduled Settlement Datesettlement date. If Sub-Merchant wishes to initiate an Entry through Fattmerchant WorkWave that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant WorkWave its request to initiate an such Entry that otherwise would be an Overlimit Entrynevertheless. Sub-Merchant must submit its request at least two (2) banking days Banking Days prior to the date on which Sub-Sub- Merchant wishes to initiate the Entry that otherwise would be an Overlimit such Entry. Fattmerchant WorkWave may require from Sub-Merchant financial or other information in connection with FattmerchantWorkWave’s consideration of the such request. Fattmerchant WorkWave may grant or deny the request at in its sole discretion. In addition to the foregoing, Fattmerchant WorkWave generally reserves the right to limit the nature and amount of the preauthorized debit/debit and credit Entries processed under this Agreement or to refuse to process any debit/credit Entries under this Agreement Entry if, in Fattmerchant 's WorkWave ‘s sole judgment judgment: (i) there is reasonable cause to believe that any the Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable clearing house association ACH or any governmental authority or other agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by Fattmerchant WorkWave with respect to a particular preauthorized debit/debit or credit Entry, Fattmerchant WorkWave will notify Sub-Merchant as promptly as practicable, but in no event later than twotwo (2) Banking Days after the decision. “

Exposure Limits. Sub-Merchant shall comply with the monetary file limits established by Fattmerchant based on regulatory file limit guidelines as notified by Fattmerchant. Sub-Merchant agrees that Fattmerchant will not process an Overlimit Entry. Fattmerchant will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entry or other In-Process Entries suspended by Fattmerchant will not settle on their scheduled Settlement Date. If Sub-Merchant wishes to initiate an Entry through Fattmerchant that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant its request to initiate an Entry that otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) banking days prior to the date on which Sub-Merchant wishes to initiate the Entry that otherwise would be an Overlimit Entry. Fattmerchant may require from Sub-Merchant financial or other information in connection with Fattmerchant’s consideration of the request. Fattmerchant may grant or deny the request at its sole discretion. In addition to the foregoing, Fattmerchant generally reserves the right to limit the nature and amount of the preauthorized debit/credit Entries processed under this Agreement or to refuse to process any debit/credit Entries under this Agreement if, in Fattmerchant 's sole judgment (i) there is reasonable cause to believe that any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable clearing house association or any governmental authority or agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by Fattmerchant with respect to a particular preauthorized debit/credit Entry, Fattmerchant will notify Sub-Merchant as promptly as practicable, but in no event later than twotwo (2) banking days after the decision.

Exposure Limits. Sub-Merchant shall comply with the monetary file limits established by Fattmerchant American Payments Solutions LLC based on regulatory file limit guidelines as notified by FattmerchantAmerican Payments Solutions LLC. Sub-Merchant agrees that Fattmerchant American Payments Solutions LLC will not process an Overlimit Entry. Fattmerchant American Payments Solutions LLC will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entry or other In-Process Entries suspended by Fattmerchant American Payments Solutions LLC will not settle on their scheduled Settlement Date. If Sub-Merchant wishes to initiate an Entry through Fattmerchant American Payments Solutions LLC that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant American Payments Solutions LLC its request to initiate an Entry that otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) banking days prior to the date on which Sub-Merchant wishes to initiate the Entry that otherwise would be an Overlimit Entry. Fattmerchant American Payments Solutions LLC may require from Sub-Merchant financial or other information in connection with Fattmerchant’s American Payments Solutions LLC’ consideration of the request. Fattmerchant American Payments Solutions LLC may grant or deny the request at its sole discretion. In addition to the foregoing, Fattmerchant American Payments Solutions LLC generally reserves the right to limit the nature and amount of the preauthorized debit/credit Entries processed under this Agreement or to refuse to process any debit/credit Entries under this Agreement if, in Fattmerchant American Payments Solutions LLC 's sole judgment (i) there is reasonable cause to believe that any Entry will be returned or will not settle in the ordinary course of courseof the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable clearing house association or any governmental authority or agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by Fattmerchant American Payments Solutions LLC with respect to a particular preauthorized debit/credit Entry, Fattmerchant American Payments Solutions LLC will notify Sub-Merchant as promptly as practicable, but in no event later than twotwo (2) banking days after the decision.

Exposure Limits. Sub-Merchant shall comply with the monetary file limits established by Fattmerchant Integrity Business Partners based on regulatory file limit guidelines as notified by FattmerchantIntegrity Business Partners. Sub-Merchant agrees that Fattmerchant Integrity Business Partners will not process an Overlimit Entry. Fattmerchant Integrity Business Partners will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entry or other In-Process Entries suspended by Fattmerchant Integrity Business Partners will not settle on their scheduled Settlement Date. If Sub-Merchant wishes to initiate an Entry through Fattmerchant Integrity Business Partners that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant Integrity Business Partners its request to initiate an Entry that otherwise would be an Overlimit Entry. Sub-Sub- Merchant must submit its request at least two (2) banking days prior to the date on which Sub-Merchant wishes to initiate the Entry that otherwise would be an Overlimit Entry. Fattmerchant Integrity Business Partners may require from Sub-Merchant financial or other information in connection with Fattmerchant’s Integrity Business Partners’ consideration of the request. Fattmerchant Integrity Business Partners may grant or deny the request at its sole discretion. In addition to the foregoing, Fattmerchant Integrity Business Partners generally reserves the right to limit the nature and amount of the preauthorized debit/credit Entries processed under this Agreement or to refuse to process any debit/credit Entries under this Agreement if, in Fattmerchant Integrity Business Partners 's sole judgment (i) there is reasonable cause to believe that any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable clearing house association or any governmental authority or agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by Fattmerchant Integrity Business Partners with respect to a particular preauthorized debit/credit Entry, Fattmerchant Integrity Business Partners will notify Sub-Merchant as promptly as practicable, but in no event later than twotwo (2) banking days after the decision.

Exposure Limits. Sub-Merchant shall comply with the monetary file limits established by Fattmerchant SimplePay based on regulatory file limit guidelines as notified by FattmerchantSimplePay. Sub-Merchant agrees that Fattmerchant SimplePay will not process an Overlimit Entry. Fattmerchant SimplePay will suspend any Overlimit Entry submitted by Sub-Merchant and may, following its receipt of an Overlimit Entry, suspend all In-Process Entries. Sub-Merchant acknowledges that any Overlimit Entry or other In-Process Entries suspended by Fattmerchant SimplePay will not settle on their scheduled Settlement Date. If Sub-Merchant wishes to initiate an Entry through Fattmerchant SimplePay that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant SimplePay its request to initiate an Entry that otherwise would be an Overlimit Entry. Sub-Merchant must submit its request at least two (2) banking days prior to the date on which Sub-Merchant wishes to initiate the Entry that otherwise would be an Overlimit Entry. Fattmerchant SimplePay may require from Sub-Merchant financial or other information in connection with Fattmerchant’s SimplePay’ consideration of the request. Fattmerchant SimplePay may grant or deny the request at its sole discretion. In addition to the foregoing, Fattmerchant SimplePay generally reserves the right to limit the nature and amount of the preauthorized debit/credit Entries processed under this Agreement or to refuse to process any debit/credit Entries under this Agreement if, in Fattmerchant SimplePay 's sole judgment (i) there is reasonable cause to believe that any Entry will be returned or will not settle in the ordinary course of the transaction for any reason, (ii) to do otherwise would violate any limit set by the applicable clearing house association or any governmental authority or agency to control payment system risk, or (iii) a preauthorized credit Entry or the return of a preauthorized debit Entry would create an overdraft of the Operating Account. If any of the foregoing actions are taken by Fattmerchant SimplePay with respect to a particular preauthorized debit/credit Entry, Fattmerchant SimplePay will notify Sub-Merchant as promptly as practicable, but in no event later than twotwo (2) banking days after the decision.