Payment of Presented Items and Reporting of Exception Items Sample Clauses

Payment of Presented Items and Reporting of Exception Items. The Bank will compare each Presented Item against each Issued Check File, Single Entry Input or Payment Rules received by the Bank. Each business day, the Bank will: • Pay and charge to the Authorized Account each Presented Item that is matched in the Issued Check File, Single Entry Input or Payment Rules if there are sufficient funds in the Authorized Account for payment. • Provide you with notification of all Exception Items presented for payment that do not match the Check Information or Payment Rules provided by you. The Bank will communicate all Exception Items within the System each business day by 6:00 AM (PST).
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Payment of Presented Items and Reporting of Exception Items. Bank shall compare each presented Item by date, check number, amount, and Payee (if applicable) against each Issued Check File received by Bank. On each Business Day, Bank:
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Payment of Presented Items and Reporting of Exception Items. The Bank shall compare each Presented Item by Item number and amount against each Issued Item File received by the Bank for each Authorized Account. On each business day, the Bank: May pay and charge to the Authorized Account each Presented Item that matched by Item number and amount an Item listed on any Issued Item file. The Bank shall electronically make available Exception Item information by 9:00 a.m. (Central Standard Time) each business day allowing the Customer sufficient time to review such exceptions and process, if necessary, by the deadline in Section 2.3. In the event of system problems and the Bank cannot send the Exception Item information in sufficient time for the Customer to respond by the deadline, the deadline will be extended accordingly. The extended deadline will be communicated to the Customer via e-mail. Pay Request/Return Request. The Customer shall review and electronically communicate Pay Requests and Return Requests for all exceptions to the Bank by 11:00 a.m. (Central Standard Time). The Bank may, at its sole discretion, extend the deadline. Any such extension of the deadline will be communicated to the Customer by e-mail. Pay Default. If the Customer misses the deadline as outlined in Section 2.3, the Bank will make final payment of the Item(s) and charge the account the Items are drawn against. Not Covered. This Agreement does not cover an Item if the Bank has cashed the Item or is committed to honor or pay the item under applicable laws, regulations or rules governing Items.
Sample 1
Payment of Presented Items and Reporting of Exception Items. WESTconsin Credit Union will compare the amount of each ACH transaction (debit and credit) posted against any ACH Positive Pay rules created by your Business Administrator(s) and/or User(s). On each banking business day, we will debit/credit all ACH items to the authorized account regardless of rules entered within ACH Positive Pay. A list of exceptions from the previous business day will be presented from us to you through Business Connect on each business day, no later than 6:30 a.m. CST. In addition, any authorized ACH Positive Pay user(s) that has enabled email notifications for ACH Positive Pay will receive a daily email when ACH exceptions are ready to be viewed. The notification will be sent to the email address on file no later than 6:30 a.m. CST. Exceptions are ACH transactions that have cleared the account and meet the criteria of one of the ACH Positive Pay rules set up on the account. These exceptions will need to be reviewed by you daily and accepted (pay) or declined (do not pay) by the 10:00 a.m. CST cutoff time (Monday-Friday when WESTconsin Credit Union is open for business excluding federal holidays). Exceptions are grouped by: • Debits • Credits • Debits and Credits • Blocked Account Items selected to be returned by you through Business Connect will be reviewed by WESTconsin Credit Union and, if approved to be returned based on the transaction details and notes submitted by you, the transaction will be reversed within 2-3 business days. Some return requests may require additional actions before the transaction can be reversed. If that is the case, a WESTconsin employee will be in contact with you to address these items. Exception items not reviewed and decisioned by 10:00 a.m. CST will be accepted and remain paid by default.
Sample 1
Payment of Presented Items and Reporting of Exception Items. On Banking Days, Bank shall compare the check number and amount of each Customer issued check presented for payment against each Issued Check Record received by the Bank. The Bank may pay and charge to the identified account each presented Check that matches the check number and the amount shown for such check in any Issued Check Record. Notwithstanding the foregoing, Bank may decline to pay any check presented in its reasonable discretion even if it matches the Issued Check Record, in which event such check shall be paid only upon approval of Bank. Presented checks which do not match the Issued Check Record information will be considered exceptions ("Exception Items"). In addition, Exception Items shall include, without limitation, the following: (a) checks that were previously presented to Bank or are duplicates (b) checks which match an Issued Check Record but are timely marked with a "Void" by Customer prior to the check being presented; and (c) checks which match an Issued Check Record but have an "Issue Elapsed Days" exceeding the Customer established number (which may not exceed 180), or exceed the Bank's established number of 180. "Issue Elapsed Days" is the number or calendar days counted from the Issued Check Record date to the date of check presentment.
Sample 1
Payment of Presented Items and Reporting of Exception Items. 1.1 Unless you have instructed us to reject all checks presented to the Account by indicating below, each banking day, the Bank will compare all checks presented to the Bank for payment by check number and amount against the checks that you have entered into your check register within the Check Positive Pay service.
Sample 1
Payment of Presented Items and Reporting of Exception Items. WESTconsin Credit Union will compare the check number and amount on each check received against each check entered by your Business Administrators and Users. On each banking business day, we will pay and charge to the authorized account all checks received, regardless of those entered in Positive Pay or not. A list of exceptions will be presented from us to you through Business Connect on each business day, no later than 6:00 a.m.
Sample 1
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Related to Payment of Presented Items and Reporting of Exception Items

  • ACCESS TO SECURITY LOGS AND REPORTS Upon request, the Contractor shall provide access to security logs and reports to the State or Authorized User in a format as specified in the Authorized User Agreement.

  • Financial Records and Reports Except as otherwise provided in this Agreement, the Participant’s relevant financial records associated with this Agreement shall not be subject to examination or audit by NASA.

  • SICK LEAVE / Medical Certificates and Reporting 10.1 Sick leave with pay shall be granted to a teacher on account of injury to or the illness or disability of the teacher, or for the purpose of obtaining necessary medical or dental treatment.

  • Inspections and Reports 2.1 The department may inspect, in the manner and at reasonable times it considers appropriate, all the contractor's facilities and activities under this contract.

  • Funding, Services and Reporting The HSP represents warrants and covenants that

  • Contact Information for Privacy and Security Officers and Reports 2.1 Business Associate shall provide, within ten (10) days of the execution of this Agreement, written notice to the Contract or Grant manager the names and contact information of both the HIPAA Privacy Officer and HIPAA Security Officer of the Business Associate. This information must be updated by Business Associate any time these contacts change.

  • Form of Agreement and Reporting If a vendor submitting an offer requires TIPS and/or TIPS Member to sign an additional agreement, a copy of the proposed agreement must be included with the proposal to the TIPS Member. TIPS does not require a review a TIPS Member’s Job Order contract TYPE AIA or other similar Contract provided by the TIPS Member. This clause does not relieve the Vendor from the responsibility to report the contract execution and the amount of the contract and any change orders.

  • Information and Reports The contractor will provide all information and reports required by the Acts, the Regulations, and directives issued pursuant thereto and will permit access to its books, records, accounts, other sources of information, and its facilities as may be determined by the sponsor or the Federal Aviation Administration to be pertinent to ascertain compliance with such Nondiscrimination Acts And Authorities and instructions. Where any information required of a contractor is in the exclusive possession of another who fails or refuses to furnish the information, the contractor will so certify to the sponsor or the Federal Aviation Administration, as appropriate, and will set forth what efforts it has made to obtain the information.

  • Records and Reports The contractor shall keep such records as necessary to document compliance with the EEO requirements. Such records shall be retained for a period of three years following the date of the final payment to the contractor for all contract work and shall be available at reasonable times and places for inspection by authorized representatives of the contracting agency and the FHWA.

  • RECORDS, INFORMATION AND REPORTS Contractor shall maintain full and accurate records with respect to all matters covered under this Agreement. To the extent permitted by law, County shall have free access at all proper times or until the expiration of four (4) years after the furnishing of services to such records, and the right to examine and audit the same and to make transcripts therefrom, and to inspect all data, documents, proceedings, and activities pertaining to this Agreement. To the extent permitted by law, Contractor shall furnish County such periodic reports as County may request pertaining to the work or services undertaken pursuant to this Agreement. The costs and obligations incurred or to be incurred in connection therewith shall be borne by the Contractor.

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