Common use of NACHA Operating Rules and Guidelines Clause in Contracts

NACHA Operating Rules and Guidelines. The National Automated Clearing House Association produces an annual publication, NACHA Operating Rules & Guidelines, available in printed book format as well as CD-ROM electronic media format, which serves as the definitive source of information governing the exchange and settlement of electronic fund transfers through the Automated Clearing House (ACH) Network. The NACHA Operating Rules provides the legal framework for the ACH Network, while the NACHA Operating Guidelines provides guidance on implementing the NACHA Operating Rules. In the case of any inconsistency or conflict between the NACHA Operating Rules and the NACHA Operating Guidelines, the NACHA Operating Rules govern. AB&T and Customer agree to be fully bound by and comply with the NACHA Operating Rules & Guidelines, which may be amended from time to time. Any fines or liabilities imposed against AB&T for a violation of the NACHA Operating Rules and Guidelines caused by action and/or inaction of Customer shall be reimbursed to AB&T by Customer. Costs associated with Rules publications and/or association membership will be the responsibility of Customer. If Customer utilizes a third-party vendor or processor in support of its ACH Origination activities through Business Electronic Banking, Customer will take such measures as may be necessary to ensure compliance with the NACHA Operating Rules and Guidelines by such vendors and processors. AB&T reserves the right to suspend or terminate AB&T’s services to Customer as an ACH Originator or any Customer agent acting as a Third-Party Sender for breach of the prevailing NACHA Operating Rules and Guidelines upon AB&T providing no more than ten (10) Business Days’ advance Notice to Customer concerning Customer or Third-Party Sender’s breach of the NACHA Operating Rules and Guidelines.

NACHA Operating Rules and Guidelines. The National Automated Clearing House Association produces an annual publication, NACHA Operating Rules & Guidelines, available in printed book format as well as CD-ROM electronic media format, which serves as the definitive source of information governing the exchange and settlement of electronic fund transfers through the Automated Clearing House (ACH) Network. The NACHA Operating Rules provides the legal framework for the ACH Network, while the NACHA Operating Guidelines provides guidance on implementing the NACHA Operating Rules. In the case of any inconsistency or conflict between the NACHA Operating Rules and the NACHA Operating Guidelines, the NACHA Operating Rules govern. AB&T and Customer agree to be fully bound by and comply with the NACHA Operating Rules & Guidelines, which may be amended from time to time. Any fines or liabilities imposed against AB&T for a violation of the NACHA Operating Rules and Guidelines caused by action and/or inaction of Customer shall be reimbursed to AB&T by Customer. Costs associated with Rules publications and/or association membership will be the responsibility of Customer. If Customer utilizes a third-party vendor or processor in support of its ACH Origination activities through Business Electronic Digital Banking, Customer will take such measures as may be necessary to ensure compliance with the NACHA Operating Rules and Guidelines by such vendors and processors. AB&T reserves the right to suspend or terminate AB&T’s services to Customer as an ACH Originator or any Customer agent acting as a Third-Party Sender for breach of the prevailing NACHA Operating Rules and Guidelines upon AB&T providing no more than ten (10) Business Days’ advance Notice to Customer concerning Customer or Third-Party Sender’s breach of the NACHA Operating Rules and Guidelines.