Transmittal of Entries. CLIENT agrees to transmit all credit and debit entries to Cliq in compliance with the formatting, content and other requirements as included herein. CLIENT agrees that its ability to originate entries under this Agreement is subject to exposure/ACH processing limits and standard entry class restrictions in accordance with the Rules, this Agreement and the ACH Application. CLIENT understands that requests for Entries exceeding these amounts are honored solely at the discretion of Cliq.
Transmittal of Entries. Pursuant to the terms of this Agreement and the NACHA Rules, Bank is willing to act as an Originating Depository Financial Institution ("ODFI") with respect to Entries initiated by Company using the Services. Company shall transmit to Bank those ACH Debits ("Debits") and ACH Credits ("Credits") as required in the NACHA Rules and the terms of this Agreement in accordance with the procedures outlined in the Services. Company will provide all information specified by Bank from time to time, which information will include, without limitation, the account number of the account to be debited or credited (as the case may be), the amount of each such Credit or Debit, and the Receiving Depository Financial Institution (the "RDFI"). Bank will deliver the Entries to the ACH and Credit and Debit any accounts as required by the Entries and the NACHA Rules. Written notification of cancellation received by Company from any Recipient will be accepted as revocation of the Authorization Agreement for preauthorized disbursements. This Agreement shall only govern those ACH Transfer Requests initiated under this Agreement for Services. A separate ACH Agreement between Bank and Company shall govern any non- Services initiated request. Company provides authorization for Bank, as the ODFI, to originate entries on behalf of the Originator to the Receiver’s accounts.
Transmittal of Entries. 65.1Customer will transmit file(s) of credit and debit Entries to Bank with: (i) computer readable information; (ii) an ACH file and format consistent with current NACHA file and/or Bank specifications; (iii) via Online Banking and in accordance with the Security Procedures associated with that transmission medium, and otherwise with the formatting and content requirements identified in Schedule A attached hereto or as otherwise instructed by Bank. Bank may establish exposure limits associated with Customer’s use of the ACH Service, which may include, e.g., a limit on the dollar amount of Entries or files transmitted by Customer to Bank and on the total dollar amount of Entries that may be transmitted by Customer on any one day as may be set forth in Schedule A, and across multiple settlement dates. Bank shall also monitor Entries initiated by Customer relative to such exposure limits. Such limits may be modified from time to time by Bank at its sole discretion with notice to Customer. Bank may in its sole discretion reject any file that exceeds such exposure limits. Bank may further reject any Entry or file transmitted by Customer in the event Bank deems reasonably necessary in order to protect the safety and soundness of Bank, or if Bank reasonably suspects that the Entry or file includes fraudulent or unauthorized Entries, or if Bank has such other reasonable basis upon which to reject the transmission.
Transmittal of Entries. (a) Bank agrees to act as the ODFI with respect to Entries received or initiated on its behalf to the ACH.
Transmittal of Entries. We shall transmit Entries to the Federal Reserve Bank of Boston or such other ACH Operator utilized by us ("ACH Operator") that conform with the file specifications set forth in the Rules and settle such Entries as provided in the Rules. If any of these requirements are not met, we shall use reasonable efforts to transmit such Entries to the ACH Operator by the next deposit deadline on which the ACH Operator is open for business. Except when payments are rejected by us, in the case of an Entry received for credit to an account maintained with us (an "On-Us Entry") we shall credit the Participant's account in the amount of such Entry on the Effective Entry Date contained in such Entry, provided the requirements and formats of the Transmittal of Entries are met. If these requirements are not met, we shall use reasonable efforts to credit the Participant's account in the amount of such Entry on the next business day following such Effective Entry Date.
Transmittal of Entries a) Entries initiated by SEI must be directed to financial institutions that participate in and accept wire transfer transactions. The Bank will determine whether an institution accepts wire transfers based upon records maintained by the Bank. The Bank agrees to notify SEI promptly of any entry that is ineligible. SEI understands and agrees that the Bank will, at the Bank’s sole reasonable option, process and transmit accepted entries received by it as follows:
Transmittal of Entries a) To be eligible for transmission under this ACH/Wire Agreement, entries that SEI initiates must be directed to financial institutions that participate in and accept ACH transactions. The Bank will determine whether an institution accepts ACH transactions based upon records maintained by the Bank. The Bank agrees to notify SEI promptly of any entry that is ineligible. SEI agrees that the Bank shall, at the Bank’s sole option, process and transmit accepted entries received by the Clients to FRB or directly to another RDFI in accordance with the Rules.
Transmittal of Entries
