Common use of Rejected or Returned Entry Clause in Contracts

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.

Appears in 3 contracts

Samples: Ach Terms and Conditions, Ach Terms and Conditions, Ach Terms and Conditions

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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 TransFirst and sufficient data is available to TSYS or its Third-Party Sender TransFirst to permit it to remake such Entries, then TSYS or its Third-Party Sender TransFirst shall remake such Entries. Merchant shall retain and make readily available to TSYS, or its Third-Party Sender TransFirst on request all information necessary to remake any Files of Entries for the preceding ten (10) 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, TSYSTransFirst, or its Third-Party Sender, Sender for any reason whatsoever, Merchant it shall be responsible the responsibility of Merchant 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, TransFirst'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 TSYSTransFirst, its Third-Party Sender, and the ODFI have the right to reject any Entry if it (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 TransFirst when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The Entry would cause TSYSTransFirst, 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, TransFirst shall attempt to promptly notify Merchant by phone, fax, or e-mail of such rejection. TSYSTransFirst, 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.

Appears in 3 contracts

Samples: Ach Terms and Conditions, Ach Terms and Conditions, Ach Terms and Conditions

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 TSYS on request all information necessary to remake any Files of Entries for the preceding ten (10) 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, Sender for any reason whatsoever, Merchant it shall be responsible the responsibility of Merchant 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, '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 it (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, TSYS 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.

Appears in 2 contracts

Samples: Ach Terms and Conditions, Ach Terms and Conditions

Rejected or Returned Entry. 4.8.1 4.10.1 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 Company and sufficient data is available to TSYS or its Third-Party Sender Company to permit it to remake such Entries, then TSYS or its Third-Party Sender Company shall remake remak e such Entries. Merchant shall retain and make readily available to TSYS, or its Third-Party Sender Company on request all information necessary to remake any Files of Entries for the preceding ten (10) Business Days. 4.8.2 4.10.2 Except as provided in Section 4.8.14.10.1, in the event any Entries are rejected or returned by the ACH Operator, TSYSCompany, or its Third-Party Sender, Sender for any reason whatsoever, Merchant it shall be responsible the responsibility of Merchant to remake and resubmit such Entries or otherwise resolve the rejection or return in accordance with the NACHA Rules. TSYS'sCompany's responsibility, whether itself or through 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 TSYS4.10.3 Company, its Third-Party Sender, and the ODFI have the right to reject reject, in their sole and absolute discretion, any Entry if 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 Company when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The the Entry would cause TSYSCompany, its Third-Party Sender, or the ODFI to violate any Federal Reserve or other regulatory risk control program program, the NACHA Rules, Guidelines or any other law or regulationApplicable Law; (e) The the Entry or Entries would cause Merchant to exceed the Maximum Exposure Limit or Transaction Limit; or (f) Merchant breaches any of its obligations or representations and warranties under this Agreement. 4.8.4 TSYS, or its Third-Party Sender, . Company shall attempt to promptly notify Merchant by phone, fax, or e-mail of such rejection. TSYSCompany, 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 4.10.4 Third-Party Sender will apply returned Entries to Xxxxxxxx’s account when they are received. Company will create and make available to Merchant a report containing detailed information about Returned Entries. If the Merchant requests that the Returned Entries be provided electronically, Company or Third-Party Sender may do so according to the rules and regulations regarding those transactions. 4.10.5 Merchant will promptly provide immediately available funds to indemnify Company, or its Third-Party Sender, if any deposited item or debit Entry is returned after Company has settled Merchant, or if any adjustment memorandum that relates to such item or Entry is received by Company or Third-Party Sender. 4.10.6 Except as provided in Section 4.8.14.10.1, Merchant Xxxxxxxx is solely responsible for all returned Entries.

Appears in 1 contract

Samples: Ach Terms and Conditions

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 TransFirst and sufficient data is available to TSYS or its Third-Party Sender TransFirst to permit it to remake such Entries, then TSYS or its Third-Party Sender TransFirst shall remake such Entries. Merchant shall retain and make readily available to TSYS, or its Third-Party Sender TransFirst on request all information necessary to remake any Files of Entries for the preceding ten (10) 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, Operator or its Third-Party Sender, TransFirst for any reason whatsoever, Merchant it shall be responsible the responsibility of Merchant 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, TransFirst'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, TransFirst and the ODFI have the right to reject any Entry if 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 TransFirst when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The Entry would cause TSYS, its Third-Party Sender, TransFirst 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.or

Appears in 1 contract

Samples: Ach Terms and Conditions

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Rejected or Returned Entry. 4.8.1 In the event any Entries are rejected or returned by the ACH Operator and rejection rej ection was due to mishandling of such Entries by TSYS TransFirst or its Third-Party Sender and sufficient data is available to TSYS TransFirst or its Third-Party Sender to permit it to remake such Entries, then TSYS TransFirst or its Third-Party Sender shall remake such Entries. Merchant shall retain and make readily available to TSYSTransFirst, 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, TSYSTransFirst, 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. TSYSTransFirst'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 TSYSTransFirst, 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 TransFirst when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The Entry would cause TSYSTransFirst, 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 TSYSTransFirst, or its Third-Party Sender, shall attempt to promptly notify Merchant by phone, fax, or e-mail of such rejection. TSYSTransFirst, 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.

Appears in 1 contract

Samples: Ach Terms and Conditions

Rejected or Returned Entry. 4.8.1 4.10.1 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 Company and sufficient data is available to TSYS or its Third-Party Sender Company to permit it to remake such Entries, then TSYS or its Third-Party Sender Company shall remake remak e such Entries. Merchant shall retain and make readily available to TSYS, or its Third-Party Sender Company on request all information necessary to remake any Files of Entries for the preceding ten (10) Business Days. 4.8.2 4.10.2 Except as provided in Section 4.8.14.10.1, in the event any Entries are rejected or returned by the ACH Operator, TSYSCompany, or its Third-Party Sender, Sender for any reason whatsoever, Merchant it shall be responsible the responsibility of Merchant to remake and resubmit such Entries or otherwise resolve the rejection or return in accordance with the NACHA Rules. TSYS'sCompany's responsibility, whether itself or through 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 TSYS4.10.3 Company, its Third-Party Sender, and the ODFI have the right to reject reject, in their sole and absolute discretion, any Entry if 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 Company when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The the Entry would cause TSYSCompany, its Third-Party Sender, or the ODFI to violate any Federal Reserve or other regulatory risk control program program, the NACHA Rules, Guidelines or any other law or regulationApplicable Law; (e) The the Entry or Entries would cause Merchant to exceed the Maximum Exposure Limit or Transaction Limit; or (f) Merchant breaches any of its obligations or representations and warranties under this Agreement. 4.8.4 TSYS, or its Third-Party Sender, . Company shall attempt to promptly notify Merchant by phone, fax, or e-mail of such rejection. TSYSCompany, 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 4.10.4 Third-Party Sender will apply returned Entries to Merchant’s account when they are received. Company will create and make available to Merchant a report containing detailed information about Returned Entries. If the Merchant requests that the Returned Entries be provided electronically, Company or Third-Party Sender may do so according to the rules and regulations regarding those transactions. 4.10.5 Merchant will promptly provide immediately available funds to indemnify Company, or its Third-Party Sender, if any deposited item or debit Entry is returned after Company has settled Merchant, or if any adjustment memorandum that relates to such item or Entry is received by Company or Third-Party Sender. 4.10.6 Except as provided in Section 4.8.14.10.1, Merchant is solely responsible for all returned Entries.

Appears in 1 contract

Samples: Ach Terms and Conditions

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 TransFirst or its Third-Party Sender and sufficient data is available to TSYS TransFirst or its Third-Party Sender to permit it to remake such Entries, then TSYS TransFirst or its Third-Party Sender shall remake such Entries. Merchant shall retain and make readily available to TSYSTransFirst, 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, TSYSTransFirst, 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. TSYSTransFirst'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 TSYSTransFirst, 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 TransFirst when due; (c) Merchant fails to maintain sufficient funds in the Settlement Account; (d) The Entry would cause TSYSTransFirst, 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 TSYSTransFirst, or its Third-Party Sender, shall attempt to promptly notify Merchant by phone, fax, or e-mail of such rejection. TSYSTransFirst, 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.

Appears in 1 contract

Samples: Ach Terms and Conditions

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