Pre-funding. If Bank requires you to pre-fund your Credit Entries and your Designated Account does not contain sufficient available collected balances at least equal to each unprocessed Credit Entry immediately prior to the time Bank processes such Credit Entry, your Credit Entry may be suspended and deleted from Bank’s ACH processing system, resulting in the non-payment of your Credit Entry. If Bank suspends and deletes your Credit Entry because your Designated Account does not contain sufficient available collected balances, it is your responsibility to deposit additional funds into your Designated Account and then re-submit your Credit Entry to Bank for processing.
Appears in 8 contracts
Samples: Treasury Services Master Agreement, Service Description, Treasury Services Master Agreement
