Entry Settlement Limit definition

Entry Settlement Limit means the maximum aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to Member Client by Financial Institution in writing from time to time.
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Entry Settlement Limit means the maximum aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to Sub-Merchant by Fattmerchant in writing from time to time.
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Entry Settlement Limit referred to as “ACH limit,” means the maximum daily aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to Customer by Bank in writing from time to time.
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Examples of Entry Settlement Limit in a sentence

  • If Sub-Merchant wishes to initiate an Entry through Fattmerchant that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant its request to initiate an Entry that otherwise would be an Overlimit Entry.

  • If Sub-Merchant wishes to initiate an Entry through WorkWave that would cause the dollar amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to WorkWave its request to initiate such Entry nevertheless.

  • If Company wishes to initiate an Entry that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Company may submit to F&M BANK its request to initiate an Entry that otherwise would be an Overlimit Entry.

  • If you wish to initiate an Entry that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, you may submit to us your request to initiate an Entry that otherwise would be an Overlimit Entry.

  • Overlimit Entries; Entries In Excess Of Entry Settlement Limit You agree that we have no obligation to process or to transmit an Overlimit Entry.

  • This Section incorporates: (a) the designations and other information you provide in each ACH Request Form you complete and submit; (b) any instructions or additional information that may be provided to you regarding the Consumer ACH Payment Service by us or through Online Banking; and (c) the Entry Settlement Limit that we may separately communicate to you.

  • We will treat each submission of an Overlimit Entry as your request for approval of an increased Entry Settlement Limit, which we may grant or deny at our sole discretion.

  • For each Entry suspended because your In-Process Entries exceed the Entry Settlement Limit, we will evaluate your request for an increased Entry Settlement Limit and notify you as promptly as practicable, but in no event later than two (2) business days after suspending the Entry, whether we will: (i) process and transmit that Entry; or (ii) reject that Entry and credit the ACH Account for the amount of that Entry.

  • If Sub-Merchant wishes to initiate an Entry through SimplePay that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to SimplePay its request to initiate an Entry that otherwise would be an Overlimit Entry.

  • If Sub-Merchant wishes to initiate an Entry through American Payments Solutions LLC that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to American Payments Solutions LLC its request to initiate an Entry that otherwise would be an Overlimit Entry.


More Definitions of Entry Settlement Limit

Entry Settlement Limit means the maximum aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to Sub-Merchant by Fattmerchant in writing from time to time. “Forced Sale” means a Payment Card Processing Transaction processed without an approved electronic authorization number being obtained for the full amount of the sales Transaction at the time the Transaction is processed.
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Entry Settlement Limit means the maximum aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to the Customer by the Bank in writing from time to time. If any of the foregoing actions are taken by the Bank with respect to a particular preauthorized Debit/Credit Entry, the Bank shall notify the Customer by emailing the Customer’s Company Administrator at the email address provided on the Business Banking Services Application, as promptly as practicable, but in no event later than two (2) Business Days after its decision. CUSTOMER’S WARRANTIES. The Customer certifies to the Bank all warranties the Bank is deemed by the ACH Rules to make with respect to Entries originated by the Customer. Without limiting the foregoing, the Customer warrants and agrees that:
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Entry Settlement Limit or “Maximum Daily Limit” means the maximum aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to Company by F&M BANK in writing from time to time.
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Entry Settlement Limit means the maximum aggregate amount of In-Process Entries permitted to be outstanding at any time, which amount shall be separately communicated to Sub-Merchant by Till Payments in writing from time to time. “File” means a group of ACH entries stored for delivery to an ACH receiving point. “Forced Sale” means a Payment Card Processing Transaction processed without an approved electronic authorization number being obtained for the full amount of the sales Transaction at the time the Transaction is processed.
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Related to Entry Settlement Limit

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Five Hundred Fifty Dollars ($550,000.00), inclusive of any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Mandatory Settlement Date means the earliest of:

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where: