Reconciliation Services Clause Samples
The Reconciliation Services clause defines the process and responsibilities for comparing and verifying records or accounts between parties to ensure consistency and accuracy. Typically, this clause outlines the frequency of reconciliation, the types of records subject to review, and the steps to be taken if discrepancies are found, such as notification procedures and timelines for resolution. Its core practical function is to prevent misunderstandings or disputes by establishing a clear mechanism for identifying and correcting errors in financial or transactional records.
Reconciliation Services. Razorpay will provide transaction reconciliation services to the Merchant. Under these services, Razorpay will provide a reconciliation report on the basis of transaction initiated at POS terminals deployed at Merchant location vis-à-vis settlement of transaction amount made by Merchant’ partner bank. ▇▇▇▇▇▇▇▇ agrees that preparation of reconciliation report is dependent on settlement data shared by ▇▇▇▇▇▇▇▇’s partner bank with Razorpay. If such partner bank delays / fails to share data with Razorpay, then Razorpay shall not be held responsible for any delay in sharing or not sharing the reconciliation report with the Merchant.
Reconciliation Services. ▇▇▇▇▇▇ Online will daily provide ▇▇▇▇▇▇ Games with consumption list, recharge list and trading list of all game players for the immediately preceding day.
Reconciliation Services. Contractor will provide reconciliation services as requested by the State from time to time to correct or align data in the VHC HSEP platform and integrated external systems, including, without limitation, reconciliation services needed to support the State’s CMS-mandated monthly enrollment data reconciliation process, which compares certain VHC enrollment data with Qualified Health Plan issuer enrollment data. Generally, Contractor will use reasonable, good-faith efforts to address State’s Reconciliation Service Requests (RSRs) without unreasonable delay. With respect only to the specific type of RSR referred to by State and Contractor as an 834 Transaction Removal, Contractor shall prioritize such RSRs between a Priority 2 Incident and a Priority 3 Incident. 834 Transaction Removal RSRs will be addressed with reasonable and good- faith efforts prior to the next scheduled 834 batch transmission provided requests are received from State at least 60 minutes prior to a scheduled 834 batch transmission. RSRs other than 834 Transaction Removal shall be submitted by State through the ITSM system and titled “Recon Service Request” in the Short Description field in the ITSM system. All RSRs shall be submitted by the State through the ITSM system and may only include one Case per RSR.
Reconciliation Services. Bank agrees to provide account reconciliation services (“Reconciliation Services”) to Customer with respect to the accounts Customer has designated on forms provided by Bank. Customer may select Deposit Reconciliation Services, Full Reconciliation Services, and/or Partial Reconciliation Services and shall note its selection on the Sales Agreement or other forms provided by Bank.
Reconciliation Services