Common use of Issue Information and Timing Clause in Contracts

Issue Information and Timing. You agree to provide Check Issuance Data and instructions to us in the manner, form and format that we specify for each Service. You assume full responsibility for the completeness and accuracy of all information furnished to us. Our willingness to process nonconforming information will not be considered a waiver of any requirement of this Agreement, and we may discontinue processing nonconforming information without prior notice. We must receive your Check Issuance Data on or before Bank’s Cutoff Time each Business Day. Check Issuance Data received after the Cutoff Time or on a day other than a Business Day may not be processed by us until the following Business Day. We will provide you with an ExceptionReport on the morning of the Business Day following the Business Day that the Check Issuance data is processed by us. You must instruct us to pay or return exception items by the Cutoff Time for such instructions on the same Business Day that the Exception Item was presented for decision.

Issue Information and Timing. You agree to provide Check Issuance Data and instructions to us in the manner, form and format that we specify for each Service. You assume full responsibility for the completeness and accuracy of all information furnished to us. Our willingness to process nonconforming information will not be considered a waiver of any requirement of this Agreement, and we may discontinue processing nonconforming information without prior notice. We must receive your Check Issuance Data on or before Bank’s Cutoff Time each Business Day. Check Issuance Data received after the Cutoff Time or on a day other than a Business Day may not be processed by us until the following Business Day. We will provide you with an ExceptionReport Exception Report on the morning of the Business Day following the Business Day that the Check Issuance data is processed by us. You must instruct us to pay or return exception items by the Cutoff Time for such instructions on the same Business Day that the Exception Item was presented for decision.