Notification of Change (NOC Sample Clauses

Notification of Change (NOC. An Originator must respond to Notifications of Change by making corrections within six banking days of receipt of the NOC information or prior to initiating another entry to the Receiver’s account, whichever is later. (Note: Special requirements apply to NOCs received in response to prenotification entries and to Single Entries. These are discussed in more detail below.) NOC received in response to a prenotification entry: An Originator must make all changes contained within an NOC related to a prenotification entry; however, the Originator’s timing requirements for action can differ, depending on when the NOC is made available to the ODFI. For a timely NOC (that is, an NOC made available to the Originator’s ODFI by the ACH Operator by the opening of business on the second banking day following the prenote’s settlement date), the Originator must make the requested changes before transmitting a “live” entry to the Receiver’s account. For an untimely NOC (that is, an NOC made available to the ODFI by the ACH Operator after the opening of business on the second banking day following the prenote’s settlement date), the Originator must make the requested changes within six banking days of receiving the NOC information from its ODFI or prior to transmitting the next entry, whichever is later NOC Received in response to a Single Entry: By definition, a Single Entry is a credit or debit entry based on a Receiver’s authorization for a one-time transfer of funds to or from the Receiver’s account. No subsequent entries may be originated unless separately authorized by the Receiver via a new authorization. The NACHA Operating Rules, therefore, allow an Originator discretion in determining whether to make the changes requested in any NOC related to an Entry identifiable as a Single Entry. Originator action on NOCs related to entries bearing any of the following SEC Codes is optional, at the Originator’s discretion: ARC, BOC, POP, RCK, and XCK Entries, as well as TEL and WEB entries bearing a Single Entry indicator (“S” or “blank” for TEL and “S” for WEB). ACH File Transmission‌
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs

Related to Notification of Change (NOC

  • Notification of Change The Union shall be notified in advance when possible of any extended change in the present working schedule; however, the provisions of this Contract shall not be considered as a guarantee by the Company of a minimum number of hours per day or per week or pay in lieu thereof, nor a limitation on the maximum hours per day or per week which may be required to meet operating conditions.

  • Notification of Changes Subscriber agrees and covenants to notify the Company immediately upon the occurrence of any event prior to the consummation of this Offering that would cause any representation, warranty, covenant or other statement contained in this Agreement to be false or incorrect or of any change in any statement made herein occurring prior to the consummation of this Offering.

  • NOTIFICATION OF CHANGES TO AGENTS Following receipt of notice of resignation from an Agent and immediately after appointing a successor or new Agent or on giving notice to terminate the appointment of any Agent, the Principal Paying Agent (on behalf of and at the expense of the Issuer) shall give or cause to be given not more than 45 days' nor less than 30 days' notice of the fact to the Noteholders in accordance with the Conditions.

  • Introduction of Change (a) Employer's duty to notify

  • Notification of Recall Notification of recall from layoff shall be sent by certified mail, return receipt requested, deliverable to addressee only, to the employee's last known address. The notice shall give the employee a minimum of ten (10) calendar days within which to respond after the notice of recall has been mailed. Employees who decline recall or who, in the absence of extenuating circumstances, fail to respond within the time set for return to work, shall be presumed to have resigned and their name shall be removed from the seniority and preferred eligibility list.

  • NOTIFICATION OF ADDRESS CHANGE You will notify Us promptly in writing with Your signature if You move or otherwise have a change of address. In the event We are unable to locate You, You agree to pay all fees associated with maintaining an invalid address in Our records and any costs and locator fees incurred in Our locating efforts.

  • Notification of Non-Compliance If Seller is unable to comply with the obligations stated in this Section, Seller shall promptly notify Apple, and Apple may take any one or more of the following actions: (i) suspend the transfer of Confidential Data to Seller; (ii) require Seller to cease processing Confidential Data; (iii) demand the secure return or destruction of Confidential Data; and/or (iv) immediately terminate this Agreement.

  • Termination of Charter SCSB may terminate this Charter for those reasons provided in state law, USBE rule, or for material breach of this Agreement31 subject to the right of appeal as provided in U.C.A. §53G-5-503. In addition, the Governing Board may voluntarily terminate this Agreement.32 In the case of any termination whether it is voluntary, or initiated by SCSB action, and after the settlement of all outstanding obligation from the assets on hand, there is a presumption 28 U.C.A. §53G-5-501(2)(a)(i) 29 U.C.A. §53G-5-501(2)(a)(ii) 30 U.C.A. §53G-5-501(2)(a)(iii) 31 U.C.A. §53G-5-503 32 U.C.A. §53G-5-504(c) that the property of a School shall revert to the SCSB.33 A School may defeat the presumption of SCSB ownership with documentation that the School purchased the property with private funding, and compelling documentation exists that the School or its founders or directors were never reimbursed from public funds.

Time is Money Join Law Insider Premium to draft better contracts faster.