Common use of Notice of Returned Entries and Notifications of Change Clause in Contracts

Notice of Returned Entries and Notifications of Change. The Financial Institution shall notify the Company by phone of the receipt of a returned entry from the ACH Operator no later than one (1) business day after the business day of such receipt. Except for an Entry retransmitted by the Company in accordance with the requirements of Section 4 (Transmittal of Entries by Company), the Financial Institution shall have no obligation to retransmit a returned Entry to the ACH Operator if the Financial Institution complied with the terms of this Agreement with respect to the original Entry. The Company shall notify the Originator by phone of receipt of each return entry no later than one business day after the business day of receiving such notification from the ODFI. The Financial Institution shall provide the Company all information, as required by the NACHA Operating Rules, with respect to each Notification of Change (NOC) Entry or Corrected Notification of Change (Corrected NOC) Entry received by the Financial Institution relating to Entries transmitted by the Company. The Financial Institution must provide such information to the Company within two banking days of the Settlement Date of each NOC or Corrected NOC Entry. The Company shall ensure that changes requested by the NOC or Corrected NOC are made within six (6) banking days of the Company’s receipt of the NOC information from the Financial Institution prior to initiating another Entry to the Receiver’s account, whichever is later.

Notice of Returned Entries and Notifications of Change. The Financial Institution Bank shall notify the Company by phone e-mail, facsimile transmission, US mail, or other means of the receipt of a returned entry Entry from the ACH Operator no later than one (1) business day after the business day of such receiptOperator. Except for an Entry retransmitted by the Company in accordance with the requirements of Section 4 (Transmittal of Entries by Company)5, the Financial Institution Bank shall have no obligation to retransmit a returned Entry to the ACH Operator if the Financial Institution Bank complied with the terms of this Service Agreement with respect to the original Entry. The Company shall notify the Originator Receiver by phone or electronic transmission of receipt of each return entry Entry no later than one business day Business Day after the business day Business Day of receiving such notification from the ODFIBank. The Financial Institution Bank shall provide the Company all information, via e-mail, telephone call, or facsimile transmission to User, as required by the NACHA Operating Rules, with respect to each Notification of Change (“NOC”) Entry Entry, Refused Notification of Change, or Corrected Notification of Change (“Corrected NOC”) Entry received by the Financial Institution Bank relating to Entries transmitted by the Company. The Financial Institution Bank must provide such information to the Company within two banking days (2) Banking Days of the Settlement Date of each NOC or Corrected NOC Entry. The Company shall ensure that changes requested by the NOC or Corrected NOC are made within six (6) banking days Banking Days of the Company’s 's receipt of the NOC information from the Financial Institution Bank or prior to initiating another Entry to the Receiver’s 's account, whichever is later.

Notice of Returned Entries and Notifications of Change. The Financial Institution FI shall notify the Company by phone e- mail, facsimile transmission, US mail, or other means of the receipt of a returned entry Entry from the ACH Operator no later than one (1) business day after the business day of such receiptOperator. Except for an Entry retransmitted by the Company in accordance with the requirements of Section 4 (Transmittal of Entries by Company)Xxxxxxx 0, the Financial Institution XX shall have no obligation to retransmit a returned Entry to the ACH Operator if the Financial Institution FI complied with the terms of this Agreement with respect to the original Entry. The Company shall notify the Originator Receiver by phone or electronic transmission of receipt of each return entry Entry no later than one business day Business Day after the business day Business Day of receiving such notification from the ODFIFI. The Financial Institution FI shall provide the Company all information, via encrypted email or facsimile transmission to User, as required by the NACHA Operating Rules, with respect to each Notification of Change (“NOC”) Entry Entry, Refused Notification of Change, or Corrected Notification of Change (“Corrected NOC”) Entry received by the Financial Institution FI relating to Entries transmitted by the Company. The Financial Institution FI must provide such information to the Company within two (2) banking days of the Settlement Date of each NOC or Corrected NOC Entry. The Company shall ensure that changes requested by the NOC or Corrected NOC are made within six (6) banking days of the Company’s 's receipt of the NOC information from the Financial Institution FI or prior to initiating another Entry to the Receiver’s 's account, whichever is later.

Notice of Returned Entries and Notifications of Change. The Financial Institution Bank shall notify the Company Customer by phone phone, electronic transmission or in writing of the receipt of a returned entry Entry from the ACH Operator no later than one (1) business day two Business Days after the business day Business Day of such receipt. Except for an Entry retransmitted by the Company Customer in accordance with the requirements of Section 4 (1, Transmittal of Entries by Company)By Customer, the Financial Institution Bank shall have no obligation to retransmit a returned Entry to the ACH Operator if the Financial Institution Bank complied with the terms of this Agreement with respect to the original Entry. The Company Customer (if not the Originator) shall notify the Originator by phone phone, electronic transmission or in writing of receipt of each return entry Entry no later than one business day Business Day after the business day Business Day of receiving such notification from the ODFIBank. The Financial Institution Bank shall provide the Company Customer all information, as required by the NACHA Operating Rules, with respect to each Notification of Change (NOC) Entry or Corrected Notification of Change (Corrected NOC) Entry received by the Financial Institution Bank relating to Entries transmitted by the CompanyCustomer. The Financial Institution Bank must provide such information to the Company Customer within two banking days Business Days of the Settlement Date of each NOC or Corrected NOC Entry. The Company Customer shall ensure that changes requested by the NOC or Corrected NOC are made by or on behalf of the Originator within six (6) banking days Banking Days of the Company’s Customer's receipt of the NOC or Corrected NOC information from the Financial Institution Bank or prior to initiating another Entry to the Receiver’s 's account, whichever is later.

Notice of Returned Entries and Notifications of Change. The Financial Institution Bank shall notify the Company Customer by phone e-mail, facsimile transmission, U.S. mail, or other means of the receipt of a returned entry Entry from the ACH Operator no later than one (1) business day after the business day of such receiptOperator. Except for an Entry retransmitted by the Company Customer in accordance with the requirements of Section 4 (Transmittal of Entries by Company)Part II, the Financial Institution subsection 1.3, Bank shall have no obligation to retransmit a returned Entry to the ACH Operator if the Financial Institution Bank complied with the terms of this Agreement Section One with respect to the original Entry. The Company Customer shall notify the Originator Receiver by phone or electronic transmission of receipt of each return entry Entry no later than one business day Business Day after the business day Business Day of receiving such notification from Bank. Any unauthorized entry fees assessed against the ODFIBank will be passed through and charged to the originator of the unauthorized entry. The Financial Institution Bank shall provide the Company Customer all information, as required by the NACHA Operating Rules, with respect to each Notification of Change (“NOC”) Entry or Corrected Notification of Change (“Corrected NOC”) Entry received by the Financial Institution Bank relating to Entries transmitted by the CompanyCustomer. The Financial Institution Bank must provide such information to the Company Customer within two banking days (2) Business Days of the Settlement Date of each NOC or Corrected NOC Entry. The Company Customer shall ensure that changes requested by the NOC or Corrected NOC are made within six (6) banking days Business Days of the Company’s Customer's receipt of the NOC information from the Financial Institution Bank or prior to initiating another Entry to the Receiver’s 's account, whichever is later.