Common use of RETURNED ENTRIES AND NOCS Clause in Contracts

RETURNED ENTRIES AND NOCS. BASE COMMERCE will apply returned Entries to Merchant’s Account when they are received. As described elsewhere in this Agreement, if Merchant does not have funds available in its designated Account sufficient to cover all returned Entries, Merchant acknowledges and agrees that BASE COMMERCE will debit any other bank account identified by Merchant to BASE COMMERCE (regardless of the timing, method or reason Merchant identified such account to BASE COMMERCE). BASE COMMERCE will create and make available to Merchant a report containing detailed information about returned Entries. If Merchant requests that the returned Entries be provided electronically, BASE COMMERCE may do so according to the Rules and Regulations regarding returned Entries. Merchant is solely responsible for all returned Entries.

RETURNED ENTRIES AND NOCS. BASE CHECK COMMERCE will apply returned Entries to Merchant’s Account when they are received. As described elsewhere in this Agreement, if Merchant does not have funds available in its designated Account sufficient to cover all returned Entries, Merchant acknowledges and agrees that BASE CHECK COMMERCE will debit any other bank account identified by Merchant to BASE CHECK COMMERCE (regardless of the timing, method or reason Merchant identified such account to BASE CHECK COMMERCE). BASE CHECK COMMERCE will create and make available to Merchant a report containing detailed information about returned Entries. If Merchant requests that the returned Entries be provided electronically, BASE CHECK COMMERCE may do so according to the Rules and Regulations regarding returned Entries. Merchant is solely responsible for all returned Entries.