Processing, Transmittal and Settlement by Bank a. Except as provided in Sections 5 and 6 of this Article III, Bank shall (i) process Entries received from Company to conform with the file specifications set forth in the Rules, (ii) transmit such Entries as an ODFI to the Federal Reserve Bank (the “ACH Operator”) acting as an ACH processor, and (iii) settle for such Entries as provided in the Rules.
Processing, Transmittal and Settlement by Bank. (i) Except as provided in subsection (g), On-Us Entries, and subsection (h), Rejection of Entries, Bank shall (A) process Entries received from Client to conform with the file specifications set forth in the NACHA Rules; (B) transmit such Entries as an ODFI to the Federal Reserve acting as the ACH Operator; and (C) settle for such Entries as provided in the NACHA Rules.
Processing, Transmittal and Settlement by Bank. Except as otherwise provided for in this Agreement and if Bank elects to accept Entries, Bank shall:
Processing, Transmittal and Settlement by Bank a. Except as provided in Section 8, On-Us Entries, and Section 10, Rejection of Entries, Bank will (i) process Entries properly sent by Customer to conform with the file specifications set forth in the Rules, (ii) transmit such Entries as an Originating Depository Financial Institution to a Federal Reserve Bank acting as an Automated Clearing House Operator (the “ACH Operator”), and (iii) settle for such Entries as provided in the Rules. Bank will transmit such Entries to the ACH Operator by the deadline of the ACH Operator at least one (1) Business Day prior to the Effective Entry Date shown in such Entries, provided (A) such Entries are received by Bank’s cut-off time (as communicated by Bank to Customer from time to time) on a Business Day, (B) the Effective Entry Date is at least one (1) Business Day after such Business Day, and (C) the ACH Operator is open for business on such Business Day. For purposes of this ACH Addendum, Entries shall be deemed received by Bank when the transmission is complete and concluded. For purposes of this Agreement, Entries shall be deemed received by Bank, in the case of electronic transmission, when the transmission (and compliance with any related Security Procedures provided for herein) is complete and concluded.
Processing, Transmittal and Settlement by Bank. A. Except as provided in the section “Rejection of Entries", the Bank shall (i) process Entries received from the Company to conform to the file specifications set forth in the Rules, (ii) transmit such Entries as an Originating Depository Financial Institution to an Automated Clearing House Operator, and (iii) settle for such Entries as provided in the Rules.
Processing, Transmittal and Settlement by Bank. 4.1 Except as otherwise provided herein, Bank shall (a) process Entries received from Customer to conform with the requirements of this Agreement or the file specifications set forth in the Rules, (b) transmit such Entries as an ODFI to the ACH Operator, and
Processing, Transmittal and Settlement by Bank a. Except as otherwise provided in this Agreement, Bank shall (i) process deposits received from Client, (ii) transmit such deposits to Bank’s correspondent bank, and (iii) settle for such deposits as provided by Bank in the Treasury Management Processing Schedule (“Processing Schedule”). Rev. 03/2021 Page 20 of 30
Processing, Transmittal and Settlement by Bank. (a) Except as provided herein and in Section 7 below, Bank shall (i) process Entries received from Customer or the Third Party Processor that conform with the file specifications set forth in the Rules, (ii) transmit such Entries as an Originating Depository Financial Institution to the New York Clearing House Association (the "ACH Operator"), and (iii) settle for such Entries as provided in the Rules;
Processing, Transmittal and Settlement by Bank. (a) Except as provided in Section 9, Rejection of Entries or Deposits, Bank shall (I) process deposits received from Customer, (II) transmit such deposits to the Bank’s correspondent bank, (III) settle for such deposits as provided by Bank in the procedures listed in Schedule RDC-1.
Processing, Transmittal and Settlement by Bank. Except as otherwise provided for in this Agreement, if Bank elects to accept Entries and Customer otherwise complies with the term of this Agreement, Bank shall use commercially reasonable efforts to comply with the instructions of Customer to:
