Credit Entries definition

Credit Entries are ACH transactions that deposit funds to an Account and have the meaning provided in the NACHA Rules.
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Examples of Credit Entries in a sentence

  • Merchant may request a reduction of hold time on Debit and/or Credit Entries by submitting the applicable form provided by FORTE and supporting documents.

  • If the Customer is scheduled to initiate Credit Entries for processing to a Receiver’s account maintained at the Bank at least once every sixty 60 days, the Customer shall provide to the Receiver notice that each Entry has been initiated.

  • Customer, as originator under the Rules and Regulations, hereby authorizes Xpress, or its designees, to initiate Debit and/or Credit Entries to Customer’s bank account in accordance with this Agreement.

  • If Bank requires you to pre-fund your Credit Entries and your Designated Account does not contain sufficient available collected balances at least equal to each unprocessed Credit Entry immediately prior to the time Bank processes such Credit Entry, your Credit Entry may be suspended and deleted from Bank’s ACH processing system, resulting in the non-payment of your Credit Entry.

  • This information will consist of the number of payment transactions and aggregate dollar value of Debit Entries and Credit Entries in such file.

  • In its sole discretion, Bank may, before transmitting one or more Credit Entries, require that Customer have collected funds in the Customer Account sufficient to pay those Credit Entries.

  • The ACH Block module allows Customer to block all incoming ACH Debits and/or Credit Entries from posting to its Account(s).

  • To use the Service Customer shall specify one or more accounts of Customer at Bank, which are to be credited with all Debit Entries on the date finally settled and debited with all Credit Entries on the Entry Effective Date (the “Offset Account”).

  • All ACH Credit Entries should be completed/authorized at least two (2) Business Days prior to the “Effective Date” of the transactions.

  • Customer shall have sufficient collected funds available in the designated Offset Account at Bank to pay all Credit Entries that will be settled on any particular Effective Entry Date, together with all adjustment Entries, fees and other amounts that Customer is obligated to pay Bank under this Agreement.

Related to Credit Entries

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent at ▇▇▇▇▇▇ Square North, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ designated as the “Spirit Pledge Account” that shall be used solely for the purposes set forth herein.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

  • Credit Extensions mean each of the following: (a) a Borrowing and (b) an L/C Credit Extension.