Common use of Pre-funding Clause in Contracts

Pre-funding. Financial Institution reserves the right to require Member Client to pre-fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Financial Institution shall determine whether pre-funding is required based on criteria established from time to time by Financial Institution. Financial Institution will communicate directly to Member Client if pre-funding is required and, if requested by Member Client, will provide Member Client with an explanation of its pre-funding criteria. If it is determined that pre-funding is required, Member Client will provide immediately available and collected funds sufficient to pay all Entries initiated by Member Client (a) not later than 12:00 p.m. local time, 2 Business Days before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.

Pre-funding. Financial Institution reserves the right to require Member Client to pre-fund pre‐fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Financial Institution shall determine whether pre-funding pre‐funding is required based on criteria established from time to time by Financial Institution. Financial Institution will communicate directly to Member Client if pre-funding pre‐funding is required and, if requested by Member ClientMember, will provide Member Client with an explanation of its pre-funding pre‐funding criteria. If it is determined that pre-funding pre‐funding is required, Member Client will provide immediately available and collected funds sufficient to pay all Entries initiated by Member Client (a) not later than 12:00 p.m. 8:00 a.m. local time, 2 time two (2) Business Days before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding pre‐funding is required.

Pre-funding. Financial Institution reserves the right to require Member Client Company to pre-fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Financial Institution shall determine whether pre-pre- funding is required based on criteria established from time to time by Financial Institution. Financial Institution will communicate directly to Member Client Company if pre-funding is required and, if requested by Member ClientCompany, will provide Member Client Company with an explanation of its pre-funding criteria. If it is determined that pre-funding is required, Member Client Company will provide immediately available and collected funds sufficient to pay all Entries initiated by Member Client Company (a) not later than 12:00 p.m. 8:00 a.m. local time, 2 Business Days time [1 banking days (not fewer than 2)] before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.

Pre-funding. Financial Institution reserves the right to require Member Client Company to pre-fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Financial Institution shall determine whether pre-funding is required based on criteria established from time to time by Financial Institution. Financial Institution will communicate directly to Member Client Company if pre-funding is required and, if requested by Member ClientCompany, will provide Member Client Company with an explanation of its pre-funding criteria. If it is determined that pre-funding is required, Member Client Company will provide immediately available and collected funds sufficient to pay all Entries initiated by Member Client Company (a) not later than 12:00 p.m. 8:00 a.m. local time, time 2 Business Days banking days (not fewer than 2) before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.