Common use of ODFI's Rights Clause in Contracts

ODFI's Rights. Xxxxxxxx agrees to assume the obligations of an Originator under the NACHA Operating Rules for all Entries initiated by TSYS or its Third-Party Sender on behalf of Merchant. TSYS and Third-Party Sender are obligated to provide the ODFI with any information that the ODFI considers to be reasonably necessary to identify each Originator for which the ODFI transmits Entries. Merchant authorizes TSYS and its Third-Party Sender to provide any information regarding Merchant to the ODFI or applicable Agencies as may be requested by them. Merchant acknowledges that TSYS, its Third-Party Sender, the ODFI and applicable Agencies have the right to periodically review the volume and character of the Entries initiated by Xxxxxxxx and Xxxxxxxx's business operations to evaluate the credit risk associated with processing Entries on behalf of Xxxxxxxx. Xxxxxxxx agrees to make payment to the ODFI for all Credit or Debit Entries originated by Xxxxxxxx and for any Debit Entries returned by an RDFI.

ODFI's Rights. Xxxxxxxx agrees to assume the obligations of an Originator under the NACHA Operating Rules for all Entries initiated by TSYS TransFirst or its Third-Party Sender on behalf of Merchant. TSYS TransFirst and Third-Party Sender are obligated to provide the ODFI with any information that the ODFI considers to be reasonably necessary to identify each Originator for which the ODFI transmits Entries. Merchant authorizes TSYS TransFirst and its Third-Party Sender to provide any information regarding Merchant to the ODFI or applicable Agencies as may be requested by them. Merchant acknowledges that TSYSTransFirst, its Third-Party Sender, the ODFI and applicable Agencies have the right to periodically review the volume and character of the Entries initiated by Xxxxxxxx and Xxxxxxxx's business operations to evaluate the credit risk associated with processing Entries on behalf of XxxxxxxxMerchant. Xxxxxxxx agrees to make payment to the ODFI for all Credit or Debit Entries originated by Xxxxxxxx and for any Debit Entries returned by an RDFI.

ODFI's Rights. Xxxxxxxx agrees to assume the obligations of an Originator under the NACHA Operating Rules for all Entries initiated by TSYS Company or its Third-Party Sender on behalf of Merchant. TSYS Company and Third-Party Sender are obligated to provide the ODFI with any information that the ODFI considers to be reasonably necessary to identify each Originator for which the ODFI transmits Entries. Merchant authorizes TSYS Company and its Third-Party Sender to provide any information regarding Merchant to the ODFI or applicable Agencies as may be requested by them. Merchant acknowledges that TSYSCompany, its Third-Party Sender, the ODFI ODFI, and applicable Agencies have the right to periodically review the volume and character of the Entries initiated by Xxxxxxxx and Xxxxxxxx's business operations to evaluate the credit risk associated with processing Entries on behalf of Xxxxxxxx. Xxxxxxxx agrees to make payment to the ODFI for all Credit or Debit Entries originated by Xxxxxxxx and for any Debit Entries returned by an a Receiving Depository Financial Institution (“RDFI”).