Processing, Transmittal, and Settlement by the Bank Sample Clauses

Processing, Transmittal, and Settlement by the Bank. (i) Except as provided in Section 28.f. (on-us entries) and 28.g. (rejection of Entries; prefunding), the Bank shall: 1) process Entries received from Customer to conform with the file specifications set forth in Rules; 2) transmit such Entries as an Originating Depository Financial Institution (“ODFI”) to Federal Reserve Bank (the ACH) acting as an Automated Clearing House Operator; and 3) settle for such Entries as provided in the Rules. (ii) The Bank shall transmit or complete the necessary batch authorization of such ACH Entries by the Delivery Date deadline of the ACH prior to the Effective Entry Date shown in such Entries, provided (I) such Entries are received by the ACH Transactions Cut-Off set forth in Section 19 on a Business Day, (II) the Effective Entry Date is at least two (2) days after such Business Day, and (III) the ACH is open for business on such Business Day. Entries shall be deemed received by the Bank, in the case of transmittal by tape, when received by the Bank at the location set forth in this Agreement, and in the case of transmittal by electronic transmission, when the transmission (and compliance with any related security procedure provided for herein) is completed as provided by Section 28.d. (iii) If any of the requirements of clause (I), (II), (III) of Section 28.e.ii. is not met, the Bank shall use reasonable efforts to transmit such Entries to the ACH by the next deposit deadline of the ACH on the next Business Day.
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Processing, Transmittal, and Settlement by the Bank. (a) Under this Attachment and the Agreement, “Effective Entry Date” means a date specified (b) Except as otherwise provided herein, The Bank shall (i) process Entries received from the Company to conform with the file specifications set forth in the Rules, (ii) process and/or transmit such Entries as an ODFI to a receiving account or ACH Processor for further processing, and (iii) settle for such Entries as provided in the Rules. (c) The Bank shall transmit any Entries requiring further processing to the ACH Processor by the deadline of the ACH Processor prior to the Effective Date shown in such Entries, provided (i) such Entries are received before the Bank’s related cut-off time, and (ii) the Effective Entry Date follows receipt by the Bank of such Entries by at least the number of days required in the Operating Instructions. The Bank will provide the Company with cut-off deadlines which may be amended from time to time. Entries shall be deemed received by the Bank when the Company has complied with the Operating Instructions by delivery of Entries and all security procedures in Exhibit 3 (or Exhibit 5-A in the case of third-party processors). If one of the requirements of clause (i) or (ii) of subsection (c) above is not met, the Bank shall use reasonable efforts to transmit such Entries to the ACH Processor by the next deposit deadline of the ACH Processor.
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Processing, Transmittal, and Settlement by the Bank. The RTP System is typically available 24 hours a day, 7 days a week, including weekends and state and federal holidays. However, the Bank’s RTP Service may be unavailable from time to time, including due to scheduled or unscheduled maintenance. RTP Payments processing may fail or be delayed due a review by either the Receiving, or the Sending, Participant, such as for fraud, regulatory, or compliance purposes. RTP Payments will fail if the Receiving Participant does not respond to the Payment Instruction received from the RTP System within a certain timeframe defined by the RTP Operating Rules. The Bank will not notify you if the Payment fails, but the Payment Amount will not be withdrawn from your account. Once failed, a RTP Payment may be resubmitted with new Payment Instructions.
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Processing, Transmittal, and Settlement by the Bank. Except as provided in Section VIII, On-Us Entries and Section IX Rejection of Entries, Bank shall (1) process Entries received from you to conform with the file specifications set forth in NACHA Rules, (2) transmit such Entries as an Originating Depository Financial Institution (ODFI) to an Automated Clearing House Operator (the “ACH Operator”), and (3) settle for such Entries as provided in the NACHA Rules. The Bank shall transmit such Entries to the ACH Operator by the deadline of the ACH Operator prior to the Effective Entry Date shown in such Entries, provided (i) such Entries are received by the Bank’s cut-off time on a business day (ii) the Effective Entry Date is at least two days for credits and one day for debits after such business day, and (iii) the ACH Operator is open for business on such business day. The Bank’s cut-off times are:  Credit Entries: files must be submitted by 4:00pm PT two (2) business days prior to the effective dateDebit Entries: files must be submitted by 4:00pm PT one (1) business day prior to the effective date Effective Entry Date must be a future business day or the record will be processed on the first business day following the Effective Entry Date. Entries shall be deemed received by the Bank when the transmission is complete and the file is received by the Bank. If any of the requirements of clause (i) (ii) or (iii) of Section IV is not met, Bank shall use reasonable efforts to transmit such Entries to the ACH Operator by the next deposit deadline of the ACH Operator which is a business day and a day on which the ACH Operator is open for business.
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Processing, Transmittal, and Settlement by the Bank a. Except as provided in Sections 8 (On-Us Entries) and 9 (Rejection of Entries) of this ACH Agreement, the Bank shall (i) process Entries received from the Companies to conform with the File specifications set forth in the Rules, (ii) transmit such Entries as an ODFI to the ACH Operator, and (iii) settle for such Entries as provided in the Rules. b. The Bank will transmit Entries to the ACH Operator by the ACH processing deadline of the ACH Operator set forth in Annex A two (2) Business Days (as defined below) prior to the Effective Entry Date shown in such Entries in the case of credit Entries or in the case of debit Entries originated through the OCM System, or one (1) Business Day prior to the Effective Entry Date shown in such Entries in the case of debit Entries originated through the Paynet Plus System or FTP; provided (i) such Entries are received by the Bank’s related cut-off time set forth in Annex A on a Business Day, (ii) the Effective Entry Date is at least two (2) Business Days after such Business Day for credit Entries or for debit Entries originated through the OCM System, or at least one (1) Business Day after such Business Day for debit Entries originated through the Paynet Plus System or FTP, and (iii) the ACH Operator is open for business on such Business Day. For purposes of this ACH Agreement, Entries shall be deemed received by the Bank when the transmission thereof (and compliance with the Security Procedures) is received by the Bank by the cut-off time set forth in Annex A. For purposes of this ACH Agreement, “Business Day” shall have the meaning ascribed to that term in the Transactional Services Agreement. If the Company is registered under the Same Day Entry Service described below, the limits set forth in this paragraph may not apply to Same Day Entries ACH Transactions (as defined below). c. If the Company is registered under the Same Day ACH Transactions Service, it may originate Entries for which the Effective Entry Date is the same Banking Day as the date on which the Entry is Transmitted by the Bank to its ACH Operator and is Transmitted by the ACH Operator’s deadline for same day processing (“Same Day Entry”). Same Day Entries are subject to limits and requirements set forth by the Rules, as amended from time to time. For example, at present Same Day Transactions shall not exceed $25,000.00. Certain types of Entries may not be Same Day Entries, as set forth in the Rules form time to time. An Entry with a stale or invalid ...
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Processing, Transmittal, and Settlement by the Bank a. Except as provided in Sections 4,5 and 9 of this Schedule Ctothe CMTS Agreement, the Bank shall (i) process Entries received from you to conform with the requirements set forth in this Schedule C to this CMTS Agreement, (ii) transmit such Entries as an ODFI to an ACH processor selected by the Bank inits sole discretion, and (iii) settle for such Entries as provided in the Rules. b. The Bank shall transmit such Entries to the ACH by the deadline of the ACH set forth in the applicable exhibit of the BOB Agreement two business days prior to the Effective Entry Date shown in such Entries, provided (i)suchEntries are received bythe Bank’s related cut-off time of 5:00 p.m.Pacific Time on a business day,(ii) the EffectiveEntry Date is at least two business days after such business day, and (iii) the ACH is open for business on such business day. For purposes of this Schedule C to this CMTS Agreement, Entries shall be deemed received by the Bank in the case of transmittal by electronic transmission, when the transmission (and compliance with any related Security Procedure) is completed as provided in the Delivery Requirements. If any of the requirements of provisions (i),(ii) or (iii) of Section 3.a. of this Schedule C to this CMTS Agreement is not met, then the Bank shall use reasonable efforts totransmit such Entries to the ACH by the next deposit deadline of the ACH following that specified in the applicable exhibit of the BOB Agreement which is a business day and a day on which the ACH is open for business.
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Related to Processing, Transmittal, and Settlement by the Bank

  • FAILURE TO HONOUR SETTLEMENT AGREEMENT If this Settlement Agreement is accepted by the Hearing Panel and, at any subsequent time, the Respondent fails to honour any of the Terms of Settlement set out herein, Staff reserves the right to bring proceedings under section 24.3 of the By-laws of the MFDA against the Respondent based on, but not limited to, the facts set out in Part IV of the Settlement Agreement, as well as the breach of the Settlement Agreement. If such additional enforcement action is taken, the Respondent agrees that the proceeding(s) may be heard and determined by a hearing panel comprised of all or some of the same members of the hearing panel that accepted the Settlement Agreement, if available.

  • Final Report by Settlement Administrator Within 10 days after the Administrator disburses all funds in the Gross Settlement Amount, the Administrator will provide Class Counsel and Defense Counsel with a final report detailing its disbursements by employee identification number only of all payments made under this Agreement. At least 15 days before any deadline set by the Court, the Administrator will prepare, and submit to Class Counsel and Defense Counsel, a signed declaration suitable for filing in Court attesting to its disbursement of all payments required under this Agreement. Class Counsel is responsible for filing the Administrator's declaration in Court.

  • PAYMENT AND SETTLEMENT You shall deliver to the Manager on the date and at the place and time specified in the applicable AAU (or on such later date and at such place and time as may be specified by the Manager in a subsequent Wire) the funds specified in the applicable AAU, payable to the order of Xxxxxxx Xxxxx Xxxxxx Inc., for (i) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of the Firm Securities to be purchased by you, (ii) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of such of the Firm Securities to be purchased by you as shall have been retained by or released to you for direct sale as contemplated by Section 3.6 hereof or (iii) the amount set forth or indicated in the applicable AAU, as the Manager shall advise. You shall make similar payment as the Manager may direct for Additional Securities, if any, to be purchased by you on the date specified by the Manager for such payment. The Manager will make payment to the Issuer or Seller against delivery to the Manager for your account of the Securities to be purchased by you, and the Manager will deliver to you the Securities paid for by you which shall have been retained by or released to you for direct sale. If the Manager determines that transactions in the Securities are to be settled through the facilities of DTC or other clearinghouse facility, payment for and delivery of Securities purchased by you shall be made through such facilities, if you are a member, or, if you are not a member, settlement shall be made through your ordinary correspondent who is a member.

  • EXECUTION OF SETTLEMENT AGREEMENT This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Counterparts; Electronically Transmitted Documents and Signatures The parties may execute this Agreement in one or more counterparts, each of which are deemed an original and all of which together constitute one and the same instrument. The parties may deliver this Agreement, including signature pages, by original or digital signatures, or facsimile or emailed PDF transmissions, and the parties hereby adopt any documents so received as original and having the same effect as physical delivery of paper documents bearing the original signature.

  • Transactions to be Effected at the Closing (a) Seller shall be entitled to receive immediately 8,785,819 of the Purchase Price Shares (the “Initial Purchase Price Shares”); the remaining 1,500,000 of the Purchase Price Shares (the “Escrow Purchase Price Shares”), shall be deposited in escrow pursuant to Section 2.3(d) and shall be held and disposed of in accordance with the terms of the Escrow Agreement. (b) At the Closing, Buyer shall deliver to Seller (i) an original certificate or certificates representing the Initial Purchase Price Shares, (ii) all other documents, instruments or certificates required to be delivered by Buyer at or prior to the Closing pursuant to this Agreement, and (iii) the Estimated Closing Cash Amount, to be paid by wire transfer of immediately available funds to an account designated in writing by Seller. (c) At the Closing, Buyer, Seller and Xxxxxx Jan Xxxxx Lijdsman, civil law notary in Amsterdam, the Netherlands (the “Escrow Agent”) shall execute and deliver the Escrow Agreement in substantially the form attached hereto as Exhibit C (the “Escrow Agreement”). (d) At the Closing, Seller shall deliver to Buyer (or if Buyer so elects, to a Subsidiary of Buyer) (i) certificates for the Acquired Shares duly endorsed or accompanied by stock powers duly endorsed in blank (or if the Acquired Shares are not certificated, (ii) a duly executed instrument of assignment thereof in proper form under the laws of Luxembourg, (iii) a certified copy of the share register of the Acquired Company), with any required transfer stamps affixed thereto, (iv) all other documents and instruments necessary to vest in Buyer (or its Subsidiary) all of Seller’s right, title and interest in and to the Acquired Shares, free and clear of all Liens, and (v) all other documents, instruments or certificates required to be delivered by Seller at or prior to the Closing pursuant to this Agreement. (e) At the Closing, Buyer and Seller shall also close on the transactions specified in the Subscription Agreement.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • Investor-state Dispute Settlement Any dispute between an investor of one Party and the other Party in connection with an investment in the territory of the other Party shall, as far as possible, be settled amicably through negotiations between the parties to the dispute.

  • CONDITIONS TO DELIVERY OF ISSUANCE NOTICES AND TO SETTLEMENT (a) Conditions Precedent to the Right of the Company to Deliver an Issuance Notice and the Obligation of the Agent to Sell Shares. The right of the Company to deliver an Issuance Notice hereunder is subject to the satisfaction, on the date of delivery of such Issuance Notice, and the obligation of the Agent to use its commercially reasonable efforts to place Shares during the applicable period set forth in the Issuance Notice is subject to the satisfaction, on each Trading Day during the applicable period set forth in the Issuance Notice, of each of the following conditions:

  • Lost Shareholder Due Diligence Searches and Servicing The Trust hereby acknowledges that USBFS has an arrangement with an outside vendor to conduct lost shareholder searches required by Rule 17Ad-17 under the Securities Exchange Act of 1934, as amended. Costs associated with such searches will be passed through to the Trust as an out-of-pocket expense in accordance with the fee schedule set forth in Exhibit C hereto. If a shareholder remains lost and the shareholder’s account unresolved after completion of the mandatory Rule 17Ad-17 search, the Trust hereby authorizes vendor to enter, at its discretion, into fee sharing arrangements with the lost shareholder (or such lost shareholder’s representative or executor) to conduct a more in-depth search in order to locate the lost shareholder before the shareholder’s assets escheat to the applicable state. The Trust hereby acknowledges that USBFS is not a party to these arrangements and does not receive any revenue sharing or other fees relating to these arrangements. Furthermore, the Trust hereby acknowledges that vendor may receive up to 35% of the lost shareholder’s assets as compensation for its efforts in locating the lost shareholder.

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