Common use of Rejected or Returned Entry Clause in Contracts

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 Operator for any reason whatsoever, it shall be the your responsibility of COMPANY to remake and resubmit such Entries or otherwise to resolve the rejection or return in accordance with the NACHA Rules, however the BANK shall provided, however, Bank may remake such Entries in any case where rejection by the ACH was due to mishandling of such Entries by the BANK Bank and sufficient data is available to the BANK Bank to permit it to remake such Entries. The COMPANY You shall retain and provide the BANK Bank on request all information necessary to remake any files batches of Entries for three (3) Business Days business days after midnight of the day the Entries are sent made to the ACH OperatorACH. In all other instances, the BANK'S Bank’s responsibility will be to receive rejected and returned Entries from the ACH OperatorACH, perform necessary processing, control and settlement functions, and to forward such Entries to the COMPANYyou. The BANK Bank shall notify the COMPANY you electronically, in writing, by telephone, or otherwise of receipt of a returned Entry entry from the ACH Operator no later than three (3) Business Days business days after the Business Day business day of such receipt. The BANK Bank shall have no obligation to retransmit a returned Entry to the ACH Operator if the BANK Bank complied with the terms of the this 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 Operator for any reason whatsoever, it shall be the responsibility of COMPANY Customer to remake and resubmit such Entries or otherwise to resolve the rejection or return in accordance with the Rules, however provided, however, the BANK shall Bank may remake such Entries in any case where rejection by the ACH was due to mishandling of such Entries by the BANK Bank and sufficient data is available to the BANK Bank to permit it to remake such Entries. The COMPANY Customer shall retain and provide the BANK Bank on request all information necessary to remake any files batches of Entries for three (3) Business Days business days after midnight of the day the Entries are sent made to the ACH OperatorACH. In all other instances, the BANK'S Bank’s responsibility will be to receive rejected and returned Entries from the ACH OperatorACH, perform necessary processing, control and settlement functions, and to forward such Entries to the COMPANYCustomer. The BANK Bank shall notify the COMPANY Customer of receipt of a returned Entry entry from the ACH Operator no later than three (3) Business Days business days after the Business Day business day of such receipt. The BANK Bank shall have no obligation to retransmit a returned Entry to the ACH Operator if the BANK Bank complied with the terms of the this Agreement and this Addendum with respect to the original Entry.