Common use of Notifications of Change Clause in Contracts

Notifications of Change. AB&T will notify Customer of received Correction ACH Entries (“COR”) from third parties, which are commonly referred to as Notification of Change (“NOC”) ACH Entries, no later than one (1) Business Day after the settlement date of the NOC. Customer agrees to make the necessary changes on its records from the information obtained in the NOC within six (6) Business Days of the receipt of the NOC or before the next “live” ACH Entry, whichever is later. If the NOC is incorrect, Customer will generate a Refused NOC and deliver it as a Notice to AB&T within fifteen (15) calendar days of the Customer’s receipt of the NOC.

Appears in 5 contracts

Samples: Business Digital Banking Agreement, Business Electronic Banking Agreement, Business Digital Banking Agreement

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