Common use of Failed or Returned Transactions Clause in Contracts

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 11 contracts

Samples: Retail Mobile and Online Banking Agreement, Online Banking Agreement, Retail Mobile and Online Banking Agreement

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Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will may not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. : You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. ; You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. , The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 4 contracts

Samples: Share Account Agreement, Share Account Agreement, Share Account Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will may not be completed. In some instances, you will receive a return notice from the Service. In each such case, you agree that: 1. : • You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; • For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; • You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. ; • You will reimburse the Service for any fees or costs it incurs in attempting to collect the amount of the return from you; and, 5. , • The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 3 contracts

Samples: Electronic Services Agreement, Electronic Services Agreement, Electronic Services Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. a. You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. b. For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. c. You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. d. You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. e. The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 2 contracts

Samples: Electronic Services Agreement, Account and Electronic Services Agreements

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. : You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. ; You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. , The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 2 contracts

Samples: Esign Disclosure and Agreement, Ancillary Services Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to that we make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. (a) You will reimburse the Service us immediately upon demand the transaction amount that has been returned to the Serviceus; 2. (b) For any amount not reimbursed to the Service us within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. (c) You will reimburse the Service us for any fees imposed by your financial institution as a result of the return; 4. (d) You will reimburse the Service us for any fees it incurs in attempting to collect the amount of the return from you; and, 5. The Service is (e) We are authorized to report the facts concerning the return to any credit reporting agency.

Appears in 2 contracts

Samples: Business Banking Master Services Agreement, Business Banking Master Services Agreement

Failed or Returned Transactions. In using the Service, you are Customer is requesting the Service to make payments for you Customer from your its Payment Account. If we Bank are unable to complete the transaction for any reason associated with your Customer’s Payment Account (for example, there are insufficient funds in your its Payment Account to cover the transaction), the transaction will may not be completed. In some instances, you Customer will receive a return notice from the Service. In each such case, you agree Customer agrees that: 1. You Customer will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. You Customer will reimburse the Service for any fees imposed by your its financial institution as a result of the return; 4. You Customer will reimburse the Service for any fees or costs it incurs in attempting to collect the amount of the return from youit; and, 5. The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 2 contracts

Samples: Treasury Management Services Agreement, Treasury Management Services Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. : • You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; • For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; • You will reimburse the Service for any fees insufficient fund fee(s) imposed by your financial institution their third party processing companies as a result of the return; 4. ; • You will be responsible for any fees imposed by your Payee as a result of the return; • You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. and • The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 2 contracts

Samples: Depository Agreement, Depository Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. , The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 1 contract

Samples: Cu Online Access Agreement

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Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will may not be completed. In some instances, you will receive a return notice from the Service. In each such case, you agree that: 1. : (i) You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; (ii) For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; (iii) You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. ; (iv) You will reimburse the Service for any fees or costs it incurs in attempting to collect the amount of the return from you; and, 5. The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 1 contract

Samples: Business Banking Services Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will may not be completed. In some instances, you will receive a return notice from the Service. In each such case, you agree that: 1. : You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; For any amount not reimbursed to the Service within fifteen (15) days 15)days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. ; You will reimburse the Service for any fees or costs it incurs in attempting to collect the amount of the return from you; and, 5. , The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 1 contract

Samples: Internet Banking Access User Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will may not be completed. In some instances, you will receive a return notice from the Service. In each such case, you agree that: 1. You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. You will reimburse the Service for any fees or costs it incurs in attempting to collect the amount of the return from you; and, 5. The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 1 contract

Samples: Business Online Banking Access Agreement

Failed or Returned Transactions. In using the Service, you are requesting the Service to make payments for you from your Payment Account. If we are unable to complete the transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. : • You will reimburse the Service immediately upon demand the transaction amount that has been returned to the Service; 2. ; • For any amount not reimbursed to the Service within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. ; • You will reimburse the Service for any fees imposed by your financial institution as a result of the return; 4. ; • You will reimburse the Service for any fees it incurs in attempting to collect the amount of the return from you; and, 5. and • The Service is authorized to report the facts concerning the return to any credit reporting agency.

Appears in 1 contract

Samples: Terms of Service

Failed or Returned Transactions. In using the Service, you are requesting the Service to that we make payments for you from your Payment Account. If we are unable to complete the a transaction for any reason associated with your Payment Account (for example, there are insufficient funds in your Payment Account to cover the transaction), the transaction will not be completed. In some instances, you will receive a return notice from the Service. In such case, you agree that: 1. (a) You will reimburse the Service us immediately upon demand the transaction amount that has been returned to the Serviceus; 2. (b) For any amount not reimbursed to the Service us within fifteen (15) days of the initial notification, a late charge equal to 1.5% monthly interest or the legal maximum, whichever rate is lower, for any unpaid amounts may be imposed; 3. (c) You will reimburse the Service us for any fees imposed by your financial institution as a result of the return; 4. (d) You will reimburse the Service us for any fees it incurs in attempting to collect the amount of the return from you; and, 5. The Service is (e) We are authorized to report the facts concerning the return to any credit reporting agency.

Appears in 1 contract

Samples: Bill Payment Service Agreement

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