ACH Exception definition

ACH Exception means either an ACH Credit Entry Exception or ACH Debit Entry Exception.
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ACH Exception means an Entry that does not match the Filtering Rules.
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Examples of ACH Exception in a sentence

  • Only a Requesting Bank or the Reserve Bank can cancel an ACH Exception Use Case.

  • If the ACH Exception Use Case is not properly initiated or validated, the Reserve Bank will close the ACH Exception Use Case and send a cancellation message and reason for that cancellation to the Requesting Bank.

  • Each Participating Bank must exercise due diligence when maintaining, using, and granting access to the ERS user interface, as well as when opening and reviewing ACH Exception Use Case notifications.

  • After an ACH Exception Use Case is properly initiated and the Reserve Bank has completed all validations, including confirming that both the Requesting Bank and the Responding Bank are Participating Banks, the Reserve Bank will open an ACH Exception Use Case and notify the Responding Bank of the open ACH Exception Use Case.

  • By not responding within the specified period of time under the ERS QRG, the ACH Exception Use Case will be canceled D) Requesting Bank’s Action to an ACH Exception Use Case: a.

  • A Responding Bank may attach files, as appropriate, in response to an ACH Exception Use Case.

  • If a Requesting Bank determines an ACH Exception Use Case was initiated in error, the Requesting Bank must send a cancellation message.

  • To create an ACH Exception Use Case, the Requesting Bank, through its authorized user, accesses the ERS user interface, selects the specific ACH Exception Use Case that it wishes to initiate and provides the required/optional information for that specific ACH Exception Use Case.

  • The Reserve Bank then validates the transaction information by comparing it against the identified FedACH entry and confirming that the transactional information provided corresponds to the selected FedACH entry If the transaction information fails a validation, the Reserve Bank will close the ACH Exception Use Case and send a cancellation message, and reason for cancellation, to the Requesting Bank.

  • When transactional information is being exchanged, the Requesting Bank is required to search its FedACH transactions in the ERS user interface and select the appropriate FedACH entry for that ACH Exception Use Case.

Related to ACH Exception

  • Permitted Exception means (a) liens for Taxes and other governmental charges and assessments which are not yet due and payable, (b) liens of landlords and liens of carriers, warehousemen, mechanics and materialmen and other like liens arising in the ordinary course of business for sums not yet due and payable, (c) other liens or imperfections on property which are not material in amount or do not materially detract from the value or the existing use of the property affected by such lien or imperfection, (d) such statements of fact and exceptions shown on any title insurance policies delivered to Global.

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Remedies Exception means the extent to which enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws affecting the enforcement of creditors’ rights generally and by general equitable principles.

  • Bankruptcy Exception means, in respect of any agreement, contract, commitment or obligation, any limitation thereon imposed by any bankruptcy, insolvency, fraudulent conveyance, reorganization, receivership, moratorium or similar Law affecting creditors’ rights and remedies generally and, with respect to the enforceability of any agreement, contract, commitment or obligation, by general principles of equity, including principles of commercial reasonableness, good faith and fair dealing, regardless of whether enforcement is sought in a proceeding at Law or in equity.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Title Defect as used herein shall mean any encumbrance, encroachment, irregularity, defect in or objection to Seller’s title to the Leases and Xxxxx (excluding Permitted Encumbrances) which would result in Seller not having Defensible Title.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Bankruptcy and Equity Exception means that this Agreement is, when executed and delivered by such member(s) of the Seller Group and assuming the due authorization, execution and delivery hereof by the members of the Purchaser Group that are (or are contemplated to be) party hereto, will be, legal, valid and binding obligations of such members of the Seller Group enforceable in accordance with their terms, subject to receivership, conservatorship and supervisory powers of bank regulatory agencies, bankruptcy, rehabilitation, liquidation, insolvency reorganization, moratorium, fraudulent transfer, preferential transfer and similar Laws of general applicability relating to or affecting creditors’ rights and remedies generally and to general equity principles.

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).

  • Toll Billing Exception Service (TBE) means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • Bankruptcy Exceptions means limitations on, or exceptions to, the enforceability of an agreement against a Person due to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or the application of general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Exception Report The report of the Trustee referred to in Section 2.02.

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.