Common use of Xxxxxxxxx Transactions Clause in Contracts

Xxxxxxxxx Transactions. The two daily transmission times for Electronic Transfers are 12:00 p.m. Central and 4:00 p.m. Central. You may cancel a specific Electronic Transfer Instruction prior to the transmission time on the process date for that transaction if it is a business day. Any Electronic Transfer processed before 12:00 p.m. Central must be canceled prior to that time, and any Electronic Transfer processed at 12:00 p.m. or after must be canceled by 4:00 p.m. Central. For Electronic Transfer Instructions scheduled to process on a non-business day, cancellation instructions must be provided before 12:00 p.m. Central of the following business day.

Appears in 5 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!