Common use of Rejection of Entries Clause in Contracts

Rejection of Entries. Bank may reject any Entry, including an On-Us Entry, that does not comply with the requirements of the Rules or this Agreement. Bank shall notify Company of such rejection no later than the Business Day such Entry would otherwise have been transmitted by Bank to the ACH Operator or, in the case of an On-Us Entry, the day before its Effective Entry Date. Notices of rejection shall be effective when given. Bank shall have no liability to Company 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.

Rejection of Entries. Bank may reject any Entry, including an On-Us EntryOn‐Us entry, that if it does not comply with the requirements Rules, if the format is improper, if it violates the Security Procedures, if there are not sufficient Available Funds, or if Customer is not otherwise in compliance with the terms of the Rules or this Agreement. Bank shall use its best efforts to notify Company Customer of such rejection no later than the Business Day such Entry entry would otherwise have been transmitted by Bank to the ACH Operator or, in the case of an On-Us EntryOn‐Us entry, the day before its Effective Entry Date. Notices of rejection shall be effective when given. Bank shall have no liability to Company Customer 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. Bank has no obligation to originate a transaction where authorization has been revoked.

Rejection of Entries. Bank may reject any Entry, including an On-Us Entry, that does not comply with the requirements of the Rules or this Agreement. Bank shall notify Company Third-Party Sender of such rejection no later than the Business Day such Entry would otherwise have been transmitted by Bank to the ACH Operator or, in the case of an On-Us Entry, the day before its Effective Entry Date. Notices of rejection shall be effective when given. Bank shall have no liability to Company Third-Party Sender 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.