Common use of PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION Clause in Contracts

PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Agreement and if Financial Institution elects to accept Entries, Financial Institution shall: (a) (i) use commercially reasonable efforts to comply with the instructions of Member Client, (ii) process Entries received from Member Client to conform with the file specifications set forth in the Rules, (iii) transmit such Entries as an ODFI to the "ACH" processor selected by Financial Institution, (iv) settle for such Entries as provided in the Rules, and (v) in the case of a credit Entry received for credit to an account with Financial Institution ("On-Us Entry"), Financial Institution shall credit the Receiver's account in the amount of such credit Entry on the Effective Entry Date contained in such credit Entry provided such credit Entry is received by Financial Institution at the time and in the form prescribed by Financial Institution in Section 5. (b) transmit such Entries to the ACH processor by the deposit deadline of the ACH processor, provided: (i) such Entries are completely received by Financial Institution’s cut-off time at the location specified by Financial Institution to Member Client from time to time; (ii) the Effective Entry Date satisfies the criteria provided by Financial Institution to Member Client; and (iii) the ACH processor is open for business on such Business Day. Member Client agrees that the ACH processor selected by Financial Institution shall be considered to have been selected by and designated by Member Client. The Member Client will receive immediately available funds for any electronic debit entry initiated by it on the Settlement Date applicable thereto in accordance with the Rules.

PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Agreement and if Financial Institution elects to accept Entries, Financial Institution shall: (a) (i) use commercially reasonable efforts to comply with the instructions of Member ClientThird-Party Sender, (ii) process Entries received from Member Client Third-Party Sender to conform with the file specifications set forth in the Rules, (iii) transmit such Entries as an ODFI to the "ACH" processor selected by Financial Institution, (iv) settle for such Entries as provided in the Rules, and (v) in the case of a credit Entry received for credit to an account with Financial Institution ("On-Us Entry"), Financial Institution shall credit the Receiver's account in the amount of such credit Entry on the Effective Entry Date contained in such credit Entry provided such credit Entry is received by Financial Institution at the time and in the form prescribed by Financial Institution in Section 5. (b) transmit such Entries to the ACH processor by the deposit deadline of the ACH processor, provided: : (i) such Entries are completely received by Financial Institution’s cut-off time at the location specified by Financial Institution to Member Client Third-Party Sender from time to time; (ii) the Effective Entry Date satisfies the criteria provided by Financial Institution to Member ClientThird-Party Sender; and (iii) the ACH processor is open for business on such Business Day. Member Client Third-Party Sender agrees that the ACH processor selected by Financial Institution shall be considered to have been selected by and designated by Member ClientThird-Party Sender. The Member Client Third-Party Sender will receive immediately available funds for any electronic debit entry initiated by it on the Settlement Date applicable thereto in accordance with the Rules.

PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Agreement and if Financial Institution elects to accept Entries, Financial Institution shall: (a) (i) use commercially reasonable efforts to comply with the instructions of Member Client, (ii) process Entries received from Member Client to conform with the file specifications set forth in the Rules, (iii) transmit such Entries as an ODFI to the "ACH" processor selected by Financial Institution, (iv) settle for such Entries as provided in the Rules, and (v) in the case of a credit Entry received for credit to an account with Financial Institution ("On-Us Entry"), Financial Institution shall credit the Receiver's account in the amount of such credit Entry on the Effective Entry Date contained in such credit Entry provided such credit Entry is received by Financial Institution at the time and in the form prescribed by Financial Institution in Section 5. (b) transmit such Entries to the ACH processor by the deposit deadline of the ACH processor, provided: : (i) such Entries are completely received by Financial Institution’s cut-off time at the location specified by Financial Institution to Member Client from time to time; (ii) the Effective Entry Date satisfies the criteria provided by Financial Institution to Member Client; and (iii) the ACH processor is open for business on such Business Day. Member Client agrees that the ACH processor selected by Financial Institution shall be considered to have been selected by and designated by Member Client. The Member Client will receive immediately available funds for any electronic debit entry initiated by it on the Settlement Date applicable thereto in accordance with the Rules.

PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Agreement Product Schedule and if Financial Institution elects to accept Entries, Financial Institution shall: (a) (i) use commercially reasonable efforts to comply with the instructions of Member ClientMember, (ii) process Entries received from Member Client to conform with the file specifications set forth in the Rules, (iii) transmit such Entries as an ODFI to the "ACH" processor selected by Financial Institution, (iv) settle for such Entries as provided in the Rules, and (v) in the case of a credit Entry received for credit to an account with Financial Institution ("On-Us On‐Us Entry"), Financial Institution shall credit the Receiver's account in the amount of such credit Entry on the Effective Entry Date contained in such credit Entry provided such credit Entry is received by Financial Institution at the time and in the form prescribed by Financial Institution in Section 5. (b) transmit such Entries to the ACH processor by the deposit deadline of the ACH processor, provided: : (i) such Entries are completely received by Financial Institution’s cut-off cut‐off time at the location specified by Financial Institution to Member Client from time to time; (ii) the Effective Entry Date satisfies the criteria provided by Financial Institution to Member ClientMember; and (iii) the ACH processor is open for business on such Business Day. Member Client agrees that the ACH processor selected by Financial Institution shall be considered to have been selected by and designated by Member ClientMember. The Member Client will receive immediately available funds for any electronic debit entry initiated by it on the Settlement Date applicable thereto in accordance with the Rulesthereto.

PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Agreement and if Financial Institution elects to accept Entries, Financial Institution shall: (a) (i) use commercially reasonable efforts to comply with the instructions of Member ClientThird-Party Sender, (ii) process Entries received from Member Client Third-Party Sender to conform with the file specifications set forth in the Rules, (iii) transmit such Entries as an ODFI to the "ACH" processor selected by Financial Institution, (iv) settle for such Entries as provided in the Rules, and (v) in the case of a credit Entry received for credit to an account with Financial Institution ("On-Us Entry"), Financial Institution shall credit the Receiver's account in the amount of such credit Entry on the Effective Entry Date contained in such credit Entry provided such credit Entry is received by Financial Institution at the time and in the form prescribed by Financial Institution in Section 5. (b) transmit such Entries to the ACH processor by the deposit deadline of the ACH processor, provided: (i) such Entries are completely received by Financial Institution’s cut-off time at the location specified by Financial Institution to Member Client Third-Party Sender from time to time; (ii) the Effective Entry Date satisfies the criteria provided by Financial Institution to Member ClientThird-Party Sender; and (iii) the ACH processor is open for business on such Business Day. Member Client Third-Party Sender agrees that the ACH processor selected by Financial Institution shall be considered to have been selected by and designated by Member ClientThird-Party Sender. The Member Client Third-Party Sender will receive immediately available funds for any electronic debit entry initiated by it on the Settlement Date applicable thereto in accordance with the Rules.