Common use of INSTRUCTIONS TO THE BANK Clause in Contracts

INSTRUCTIONS TO THE BANK. A. Cut-off Time The Bank will process payments Monday through Friday, excluding holidays (referred to herein as “Business Days”). Any payment instruction required or permitted according to the provisions of this Agreement that is received before 5:00 p.m. EST on any Business Day will be processed on the same day it is received. If your instructions are received after that time or during any Non- Business Day, they will be processed on the next Business Day. B. Honoring Instructions The Bank will honor your instructions for payments only when you have complied with the terms and conditions of this Agreement. The Bank will be under no obligation to honor, either in whole or in part, any instruction that: a) exceeds your available funds in the Designated Payment Account;