Common use of Provisional Credit Clause in Contracts

Provisional Credit. You acknowledge that the Rules make provisional any credit given for an entry until the financial institution crediting the account specified in the entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will not be deemed to have paid the party.

Appears in 9 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Provisional Credit. You acknowledge that the Rules make provisional any credit given for an entry until the financial institution crediting the account specified in the entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will shall not be deemed to have paid the party.

Appears in 9 contracts

Samples: Business Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

Provisional Credit. You acknowledge Company acknowledges that the Rules make provisional any credit given for an entry Entry until the financial institution Financial Institution crediting the account specified in the entry Entry receives final settlement. If the financial institution Financial Institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will Entry shall not be deemed to have paid the party.

Appears in 5 contracts

Samples: Company Agreement, www.rnbonline.com, Treasury Management Master Agreement Terms and Conditions

Provisional Credit. You acknowledge The Customer acknowledges that the Rules make provisional any credit given for an entry until the financial institution Bank crediting the account specified in the entry receives final settlement. If the financial institution Bank does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will shall not be deemed to have paid the party.

Appears in 1 contract

Samples: www.rbtt.com

Provisional Credit. You acknowledge that the Rules make provisional any credit given for an entry until the financial institution crediting the account specified in the entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party party, and the originator of the entry will shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Fund Transfers Service Agreement

Provisional Credit. You acknowledge The Company acknowledges that the Rules make provisional any credit given for an entry any Entry until the financial institution Financial Institution crediting the account specified in the entry Entry receives final settlement. If the financial institution Financial Institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will Entry shall not be deemed to have paid the partyCustomer, in the case of Credit Entries, or to have been paid by the Customer, in the case of Debit Entries.

Appears in 1 contract

Samples: Service Agreement

Provisional Credit. You acknowledge Customer acknowledges that the Rules make provisional any credit given for an entry until the financial institution crediting the account specified in the entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Master Agreement

Provisional Credit. You acknowledge Customer acknowledges that the Rules make provisional any credit given for an entry Entry until the financial institution crediting the account specified in the entry Entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will Entry shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Management Services

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Provisional Credit. You acknowledge that the Rules make provisional any credit given for an entry until the financial institution crediting the account specified in the entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the a credited party party, and the originator of the entry will shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Account Agreement

Provisional Credit. You acknowledge Company acknowledges that the Operating Rules make provisional any credit given for an entry Entry until the financial institution crediting the account Account specified in the entry Entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will Entry shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Management Services Agreement

Provisional Credit. You acknowledge The Customer acknowledges that the Rules Applicable Laws make provisional any credit given for an entry Entry until the financial institution crediting the account specified in the entry Entry receives final settlement. If the financial institution does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will Entry shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Main Customer Agreement Terms and Conditions

Provisional Credit. You acknowledge The Customer acknowledges that the Rules make provisional any credit given for an entry Entry until the financial institution Bank crediting the account specified in the entry Entry receives final settlement. If the financial institution Bank does not receive final settlement, it is entitled to a refund from the credited party party, and the originator of the entry will shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Services Agreement

Provisional Credit. You acknowledge The Company acknowledges that the Rules make provisional any credit given for an entry Entry until the financial institution Bank crediting the account specified in the entry Entry receives final settlement. If the financial institution Bank does not receive final settlement, it is entitled to a refund from the credited party and the originator of the entry will Entry shall not be deemed to have paid the party.

Appears in 1 contract

Samples: Ach Agreement

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