Common use of Responsibilities of Member Clause in Contracts

Responsibilities of Member. Member shall receive ACH Entries from Alloya and may originate return and NOC Entries using Alloya’s ACH System. (A) Member is responsible for retrieving files containing ACH Entries from Alloya’s ACH System. Member must promptly advise Alloya if it does not receive the file by the expected delivery date. (B) Member warrants that all return and NOC Entries are properly authorized and conform to NACHA Rules. (C) Member warrants that the information contained within the corrected data field of a NOC Entry is correct. (D) Member may receive ACH Entries or transmit return and NOC Entries to/from Alloya through its third party service provider (TPSP). Member agrees it has full responsibility and liability for all actions performed by TPSP and that TPSP shall comply with all applicable provisions of the MMA and the ACH Services Agreement with respect to its transmission of such Entries. Member agrees to indemnify Alloya against and hold it harmless from any loss incurred by any person or entity because of any of TPSP's actions or failures to act, specifically including all costs and attorney fees which may be incurred by Alloya. (E) Member is liable for all Entries transmitted by Alloya on its behalf to the ACH Operator. (F) Member must transmit Entries prior to the cutoff time. Entries received after the cutoff time shall be deemed to be received on the next business day.

Appears in 2 contracts

Samples: Automated Clearing House Services Product Operating Agreement, Automated Clearing House Services Product Operating Agreement

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Responsibilities of Member. Member shall receive ACH Entries from Alloya and may originate return and NOC Entries using Alloya’s ACH System. (A) Member is responsible for retrieving files containing ACH Entries from Alloya’s ACH System. Member must promptly advise Alloya if it does not receive the file by the expected delivery date. (B) Member warrants that all return and NOC Entries are properly authorized and conform to NACHA Rules. (C) Member warrants that the information contained within the corrected data field of a NOC Entry is correct. (D) Member may receive ACH Entries or transmit return and NOC Entries to/from Alloya through its third party service provider (TPSP). Member agrees it has full responsibility and liability for all actions performed by TPSP and that TPSP shall comply with all applicable provisions of the MMA and the ACH Services Agreement with respect to its transmission of such Entries. Member agrees to indemnify Alloya against and hold it harmless from any loss incurred by any person or entity because as a result ofbecause of any of TPSP's actions or failures to act, specifically including all costs and attorney fees which may be incurred by Alloya. (E) Member is liable for all Entries transmitted by Alloya on its behalf to the ACH Operator. (F) Member must transmit Entries prior to the cutoff time. Entries received after the cutoff time shall be deemed to be received on the next business day.

Appears in 1 contract

Samples: Automated Clearing House Services Product Operating Agreement

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Responsibilities of Member. Member shall receive ACH Entries from Alloya and may originate return and NOC Entries using AlloyaXxxxxx’s ACH System. (A) Member is responsible for retrieving files containing ACH Entries from AlloyaXxxxxx’s ACH System. Member must promptly advise Alloya Xxxxxx if it does not receive the file by the expected delivery date. (B) Member warrants that all return and NOC Entries are properly authorized and conform to NACHA Rules. (C) Member warrants that the information contained within the corrected data field of a NOC Entry is correct. (D) Member may receive ACH Entries or transmit return and NOC Entries to/from Alloya through its third party service provider (TPSP). Member agrees it has full responsibility and liability for all actions performed by TPSP and that TPSP shall comply with all applicable provisions of the MMA and the ACH Services Agreement with respect to its transmission of such Entries. Member agrees to indemnify Alloya against and hold it harmless from any loss incurred by any person or entity because of any of TPSP's actions or failures to act, specifically including all costs and attorney fees which may be incurred by AlloyaXxxxxx. (E) Member is liable for all Entries transmitted by Alloya Xxxxxx on its behalf to the ACH Operator. (F) Member must transmit Entries prior to the cutoff time. Entries received after the cutoff time shall be deemed to be received on the next business day.

Appears in 1 contract

Samples: Product Operating Agreement

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