Common use of Transmittal of Entries by Customer Clause in Contracts

Transmittal of Entries by Customer. For consumer entry types, the Bank will transmit the PPD credit and debit Entries initiated by Customer into the ACH as provided in the NACHA rules. For Corporate entry types, the Bank will transmit the CTX, CCD and/or CCD+ credit and debit Entries initiated by the Customer into the ACH as provided in the NACHA rules. The Entries shall be in compliance with the formatting and other requirements established by the Bank. Customer agrees that its ability to originate Entries under this agreement is subject to exposure limits in accordance with the Rules and as established by the Bank.