Common use of Notifications of Change Clause in Contracts

Notifications of Change. We shall notify you of all Notifications of Change (NOC) received by us relating to Entries transmitted by you, no later than two (2) business days after the business day of receipt. Notice by us, in our discretion, may include notice by email to you. You must make the changes specified in an NOC or corrected NOC: (i) within six (6) business days of receipt or prior to initiating another Entry to the Receiver’s account, whichever is later; or (ii) as otherwise required in the Rules, if the Rules specify a different time for correction.

Appears in 3 contracts

Samples: Business Banking Master Agreement, Banking Master Agreement, Banking Master Agreement

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Notifications of Change. We shall will notify you of all Notifications of Change Of Changes (NOC) received by us relating to Entries transmitted by youyou to us, no later than two (2) business days after the business day of receipt. Notice by us, in our discretion, discretion may include notice by email to you. You must make the changes specified in an NOC or corrected NOC: (ia) within six (6) business days of receipt or prior to initiating another Entry to the Receiver’s 's account, whichever is later; or (iib) as otherwise required in the Rules, if the Rules specify a different time for correction.

Appears in 1 contract

Samples: www.umtbusa.com

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Notifications of Change. We The Bank shall notify you of all Notifications of Change (NOC) received by us the Bank relating to Entries transmitted by you, no later than two (2) business days after the business day of receipt. Notice by usthe Bank, in our the Bank’s discretion, may include notice by email to you. You must make the changes specified in an NOC or corrected NOC: (i) within six (6) business days of receipt or prior to initiating another Entry to the Receiver’s account, whichever is later; or (ii) as otherwise required in the Rules, if the Rules specify a different time for correction.

Appears in 1 contract

Samples: Business Banking Master Agreement

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