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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
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:
Sample 1

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.
Sample 1
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.
Sample 1

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.

  • 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.

  • Individual Settlement Payment means the amount payable from the Net

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

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