Originator Agreement definition
Examples of Originator Agreement in a sentence
In the event of inconsistency between a provision of the ACH Originator Agreement and the MMA, the provisions of this ACH Originator Agreement shall prevail.
If you request, and we agree to permit you to initiate electronic credit and/or debit entries by means of the Automated Clearing House Network, you understand and agree that you must execute and comply with our ACH Originating Depository Financial Institution (“ODFI”) Originator Agreement.
In addition, Alloya may from time to time request financial, business, and operating information from Member reasonably necessary to grant access to Services or to evaluate a continuation of Services and/or to adjust any limits set by the ACH Originator Agreement.
Member agrees to comply with and be subject to NACHA Rules in existence at the date of the ACH Originator Agreement, and any amendments to the NACHA Rules made from time to time.
Each Contract is subject to an Originator Agreement with the Seller and which if acquired by the Seller pursuant to a “bulk purchase” from another Originator has been approved by the Insurer; provided, however that receivables originated under the Seller’s direct origination program are evidenced by a promissory note.