Common Contracts
1 similar Authorization Agreement for Electronic Funds Transfer contracts
AUTHORIZATION AGREEMENT FOR ELECTRONIC FUNDS TRANSFER (EFT) PROGRAMAuthorization Agreement for Electronic Funds Transfer • July 14th, 2022
This agreement is to remain in full force and effect until HollyFrontier receives written notification of termination from Company, and in no event shall termination be effective with respect to debit entries originated prior to HollyFrontier’s receipt of notice of termination. This agreement shall be governed by the NACHA operation rules. The Company understands that debit entries will be honored if sufficient funds are available in the Company’s account. In the event a debit entry is returned to HollyFrontier as uncollected, the gross amount of the invoice or invoices covered by it will be immediately due and payable along with any associated finance and bank charges, and further participation in the EFT program may be terminated at the option of HollyFrontier. If the EFT program is terminated, future purchases and payment terms must be approved at the sole discretion of HollyFrontier’s Credit Department. In the event any error in billing, invoicing or pricing occurs, HollyFrontier w
