Common use of General Procedure Clause in Contracts

General Procedure. Upon proper and timely request by the Member Client, the Financial Institution will use reasonable efforts to affect a reversal of an Entry or File. To be "proper and timely," the request must (i) be made within five (5) Business Days of the Effective Entry Date for the Entry or File to be reversed; (ii) be made immediately, not to exceed 24 hours, upon discovery of the error; and (iii) be accompanied by a Reversal/Cancellation Request form and comply with all of the Rules. In addition, if the Member Client requests reversal of a Debit Entry or Debit File, it shall concurrently deposit into the Member Client Account an amount equal to that Entry or File. The Member Client shall notify the Receiver of any reversing Entry initiated to correct any Entry it has initiated in error. The notification to the Receiver must include the reason for the reversal and be made no later than the Settlement Date of the reversing Entry.

General Procedure. Upon proper and timely request by the Member ClientCustomer, the Financial Institution Bank will use reasonable efforts to affect effect a reversal of an Entry or File. To be "proper and timely," the request must (i) be made within five (5) Business Days of the Effective Entry Date for the Entry or File to be reversed; (ii) be made immediately, not to exceed 24 ten (10) hours, upon discovery of the error; and (iii) be accompanied by a Reversal/Cancellation Request form and comply with all of the Rules. In addition, if the Member Client Customer requests reversal of a Debit Entry or Debit File, it shall concurrently deposit into the Member Client Customer Account an amount equal to that Entry or File. The Member Client Customer shall notify the Receiver of any reversing Entry initiated to correct any Entry it has initiated in error. The notification to the Receiver must include the reason for the reversal and be made no later than the Settlement Date of the reversing Entry.

General Procedure. Upon proper and timely request by Customer, as outlined in the Member Clientapplicable Operational Instructions, the Financial Institution Bank will use reasonable efforts to affect effect a reversal of an Entry or File. To be "proper and timely," the request must (i) be made within five (5) Business Days of the Effective Entry Date for the Entry or File to be reversed; (ii) be made immediately, not to exceed 24 ten (10) hours, upon discovery of the error; and (iii) be accompanied by a Reversal/Cancellation an ACH Adjustment Request form Form and comply with all of the Rules. In addition, if the Member Client Customer requests reversal of a Debit Entry or Debit File, it Customer shall concurrently deposit into the Member Client Customer’s Account an amount equal to that Entry or File. The Member Client Customer shall notify the Receiver of any reversing Entry initiated to correct any Entry it has initiated in error. The notification to the Receiver must include the reason for the reversal and be made no later than the Settlement Date of the reversing Entry.