Common Contracts
1 similar Authorization Agreement for Electronic Funds Transfer (Eft) contracts
AUTHORIZATION AGREEMENT FOR ELECTRONIC FUNDS TRANSFER (EFT)Authorization Agreement for Electronic Funds Transfer (Eft) • September 9th, 2021
This agreement is to remain in full force and effect until JMT and BANK receive written notification of termination from COMPANY, and in no event termination be effective with respect to debit entries originated prior to JMT’s receipt of notice of termination. This agreement shall be governed by the NACHA operation rules as in effect from time to time. 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 JMT uncollected, the gross amount of the invoiced or invoices covered by it will be immediately due and payable along with any associated finance and bank charges, and further participation in the plan, at the option of JMT, may be terminated. Future purchases, if the plan is terminated, will then be on terms as approved by JMT.
