Rejected or Returned Entry Clause Samples
Rejected or Returned Entry. 4.8.1 In the event any Entries are rejected or returned by the ACH Operator and rejection was due to mishandling of such Entries by TSYS or its Third-Party Sender and sufficient data is available to TSYS or its Third-Party Sender to permit it to remake such Entries, then TSYS or its Third-Party Sender shall remake such Entries. Merchant shall retain and make readily available to TSYS, or its Third-Party Sender on request all information necessary to remake any Files of Entries for the preceding ten (10) Business Days.
4.8.2 Except as provided in Section 4.8.1, in the event any Entries are rejected or returned by the ACH Operator, TSYS, or its Third-Party Sender, for any reason whatsoever, Merchant shall be responsible to remake and resubmit such Entries or otherwise resolve the rejection or return in accordance with the Rules. TSYS's, or its Third-Party Sender’s, responsibility shall be limited to receiving rejected and Returned Entries from the ACH Operator, performing necessary processing, control, and settlement functions, and forwarding such Entries to Merchant.
4.8.3 TSYS, its Third-Party Sender, and the ODFI have the right to reject any Entry if (a) Merchant fails to comply with its Reserve Account requirements or Merchant fails to maintain the Reserve Balance; (b) Merchant fails to make any payment to TSYS when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The Entry would cause TSYS, its Third-Party Sender, or the ODFI to violate any Federal Reserve or other regulatory risk control program or any other law or regulation; (e) The Entry or Entries would cause Merchant to exceed the Maximum Exposure Limit or Transaction Limit; or (f) Merchant breaches any of its obligations under this Agreement.
4.8.4 TSYS, or its Third-Party Sender, shall attempt to promptly notify Merchant by phone, fax, or e-mail of such rejection. TSYS, its Third-Party Sender, and the ODFI shall have no liability to Merchant by reason of the rejection of any such Entry or the fact that such notice is not given at an earlier time than that provided for herein.
4.8.5 Except as provided in Section 4.8.1, Merchant is solely responsible for all returned Entries.
Rejected or Returned Entry. In the event any Entries are rejected or returned by the ACH Operator for any reason whatsoever, it shall be the responsibility of COMPANY to remake and resubmit such Entries or otherwise to resolve the rejection or return in accordance with the Rules, however the BANK shall remake such Entries in any case where rejection by the ACH was due to mishandling of such Entries by the BANK and sufficient data is available to the BANK to permit it to remake such Entries. The COMPANY shall retain and provide the BANK on request all information necessary to remake any files of Entries for three (3) Business Days after midnight of the day the Entries are sent to the ACH Operator. In all other instances, the BANK'S responsibility will be to receive rejected and returned Entries from the ACH Operator, perform necessary processing, control and settlement functions, and to forward such Entries to the COMPANY. The BANK shall notify the COMPANY of receipt of a returned Entry from the ACH Operator no later than three (3) Business Days after the Business Day of such receipt. The BANK shall have no obligation to retransmit a returned Entry to the ACH Operator if the BANK complied with the terms of the Agreement and this Addendum with respect to the original Entry.
Rejected or Returned Entry. In the event any Entries are rejected or returned by the ACH for any reason whatsoever, it shall be the responsibility of Customer to remake and resubmit such Entries or otherwise to resolve the rejection or return in accordance with the Rules, provided, however, the Bank shall remake such Entries in any case where rejection by the ACH was due to mishandling of such Entries by the Bank and sufficient data is available to the Bank to permit it to remake such Entries. The Customer shall retain and provide the Bank on request all information necessary to remake any files of Entries for Three 3 business days after midnight from the day Entries are made to the customer’s account. In all other instance, Bank's responsibility will be to receive rejected and returned Entries from the ACH, perform necessary processing, control and settlement functions, and to forward such Entries to the Customer.
Rejected or Returned Entry. (a) In the event any Entries are rejected or returned by the ACH Operator and rejection was due to mishandling of such Entries by Processor and sufficient data is available to Processor to permit it to remake such Entries, then Processor shall remake such Entries. Company shall retain and make readily available to Processor on request all information necessary to remake any files of Entries for the preceding ten
Rejected or Returned Entry. If any Entries are rejected or returned by an ACH System for any reason whatsoever, it shall be the responsibility of the Customer to remake and resubmit such Entries or otherwise to resolve the rejection or return in accordance with the Rules, provided, however, the Bank shall remake such Entries in any case where rejection by the ACH System was due to mishandling of such Entries by the Bank and sufficient data is available to the Bank to permit it to remake such