Common use of XXXXX 0 and SBC Clause in Contracts

XXXXX 0 and SBC. 12STATE shall make all payments to the other Party (“Billed Party”) via electronic funds credit transfers through the Automated Clearing House Association (ACH) network to the financial institution designated by XXXXX 0 or SBC–12STATE, as the case may be, or through other mutually agreeable means. Remittance information will be communicated together with the funds transfer via the ACH network. The Billed Party must use the CCD+ or the CTX transaction set. LEVEL 3 and SBC-12STATE will abide by the National Automated Clearing House Association (NACHA) Rules and Regulations. Each ACH credit transfer must be received by XXXXX 0 or SBC–12STATE, as the case may be, no later than the Xxxx Due Date of each xxxx or Late Payment Charges will apply. LEVEL 3 or SBC–12STATE is not liable for any delays in receipt of funds or errors in entries caused by the Billed Party or Third Parties, including the Billed Party's financial institution. The Billed Party is responsible for its own banking fees. Processing of payments not made via electronic funds credit transfers through the ACH network may be delayed. The Billed Party is responsible for any Late Payment Charges resulting from the Billed Party’s failure to use electronic funds credit transfers through the ACH network.

XXXXX 0 and SBC. 12STATE shall make all payments to the other Party (“Billed Party”) via electronic funds credit transfers through the Automated Clearing House Association (ACH) network to the financial institution designated by XXXXX 0 or SBC–12STATE, as the case may be, or through other mutually agreeable means. Remittance information will be communicated together with the funds transfer via the ACH network. The Billed Party must use the CCD+ or the CTX transaction set. LEVEL 3 and SBC-12STATE will abide by the National Automated Clearing House Association (NACHA) Rules and Regulations. Each ACH credit transfer must be received by XXXXX 0 or SBC–12STATE, as the case may be, no later than the Xxxx Bill Due Date of each xxxx bill or Late Payment Charges will apply. LEVEL 3 or SBC–12STATE is not liable for any delays in receipt of funds or errors in entries caused by the Billed Party or Third Parties, including the Billed Party's financial institution. The Billed Party is responsible for its own banking fees. Processing of payments not made via electronic funds credit transfers through the ACH network may be delayed. The Billed Party is responsible for any Late Payment Charges resulting from the Billed Party’s failure to use electronic funds credit transfers through the ACH network.