Same Day ACH Origination Sample Clauses

Same Day ACH Origination. The Customer will deliver each same day ACH Entry (refer below for the definition of a “Qualifying Entry” for same day ACH) or file of same day ACH Entries to Bank no later than 12 p.m. Central Standard Time on the settlement date or in a schedule mutually agreed upon by Customer and Bank incorporated herein. All Entry information so delivered shall be in the medium required by the Bank and the format required by the Rules. For purposes of this Agreement, a Banking Day is every day on which the Bank is open to the public for purposes of carrying on substantially all of our business, except Saturdays, Sundays, and holidays that are observed by the Federal Reserve Bank. In order to qualify for same day ACH, Entries transmitted by Customer must meet the following characteristics (Qualifying Entries): • Have an effective entry date equal to the current date (settlement date); • Be received by the bank prior to 12 pm CST on the effective entry date; • Be less than or equal to the dollar threshold currently specified by NACHA for same day ACH entries; • The file is to contain PPD or CCD SEC codes unless others are specifically requested. • In the event an ACH file is transmitted by Customer which contains a mix of Qualifying and Non Qualifying ACH Entries, the bank will make reasonable attempts to originate Qualifying Entries the same day and Non- Qualifying Entries on the next Banking Day; however, the Bank will not be responsible for any delay in same day settlement caused by the Customer’s comingling of Qualifying and Non Qualifying Entries or any other consequences incurred due to delayed settlement.
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Same Day ACH Origination. For same day ACH Origination, you will delivery each same day ACH entry or file of same day ACH entries to us prior to 9 a.m. Pacific Standard Time on the settlement date or in a schedule mutually agreed upon by us. All entry information so delivered shall be in the medium required by us and the format required by the ACH Rules. In order to qualify for same day ACH, entries transmitted by you must meet all of the following characteristics:
Sample 1
Same Day ACH Origination. Customer will deliver each same day ACH Entry or file of same day ACH Entries to Bank no later than the Cut-Off Time on the settlement date. Same day ACH Entries must comply with the Operating Rules and Bank’s requirements and restrictions as disclosed to Customer from time to time.
Sample 1

Related to Same Day ACH Origination

  • Processing of a Grievance It is recognized and accepted by the Union and the Employer that the processing of grievances as hereinafter provided is limited by the job duties and responsibilities of the employees and shall therefore be accomplished during normal working hours only when consistent with such employee duties and responsibilities. The aggrieved employee and a Union representative shall be allowed a reasonable amount of time without loss of pay when a grievance is investigated and presented to the Employer during normal working hours provided that the employee and the Union representative have notified and received the approval of the designated supervisor who has determined that such absence is reasonable and would not be detrimental to the work programs of the Employer.

  • Our contract with you 3.1. This agreement contains the entire agreement between the parties and supersedes all previous agreements and understandings between the parties.

  • Data Processing Agreement The Data Processing Agreement, including the Approved Data Transfer Mechanisms (as defined in the Data Processing Agreement) that apply to your use of the Services and transfer of Personal Data, is incorporated into this Agreement by this reference. Each party will comply with the terms of the Data Processing Agreement and will train its employees on DP Law.

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