Common use of Prenotification Clause in Contracts

Prenotification. You may deliver a prenotification prescribed by the Rules to the Bank to be transmitted to the Participating Institution at which the Customer’s Account is held (“RDFI”) within the time limits set forth in the Rules. If you have received notice that such prenotification has been rejected by the RDFI within the prescribed period, you shall not initiate any corresponding Entry until the cause for rejection has been corrected and another prenotification has been submitted to, and accepted by, the RDFI in accordance with the Rules.

Appears in 7 contracts

Samples: Internet Banking Service Agreement, Internet Banking Service Agreement, Corplink Internet Banking Service Agreement

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