RCK Entry definition

RCK Entry means an “RCK Entry” as defined in the Rules.
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RCK Entry means an "Returned ChecK Entry" as defined in the Rules.
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RCK Entry means a re-presented check entry involving a check drawn on a consumer account in an amount less than $2,500 that was previously returned for insufficient funds, uncollected funds, or similar reason that you want to collect through the ACH network, as more specifically defined in the ACH Rules.
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Examples of RCK Entry in a sentence

  • Nonsufficient Funds (NSF) Checks Re-presented as ACH (Re-presented Check [RCK] Entry) We may want the option of the second presentment to be made by ACH to targeted dates for maximum collection potential.

  • You must retain a copy of the front and back of the Check to which the RCK Entry relates for 7 years from the Effective Date.

  • In the event that Customer initiates an RCK Entry to Bank for Check collection purposes, Customer agrees that such RCK Entry will comply with all provisions of this Agreement and applicable Rules and will enter into a separate addendum with Bank.

  • The related item of the RCK Entry has undergone presentation no more than once through the check collection mechanism and only once as an RCK Entry.

  • If you send us debit the entry to the RDFI's ACH operator by midnight of the second banking entries using the RCK entry class code (each an "RCK Entry"), you day following the banking day of receipt of the presentment notice for further represent and warrant to us and agree that: the returned item to which the entry relates;and (i) The entry is sent to collect a check or draft drawn on (xvi)You will comply with the rules for RCK Entries.

  • NACHA Rules allow Customer to initiate an ACH Entry to collect certain Checks that have been returned unpaid for insufficient or uncollected funds ("RCK Entry").

  • Any Entry, other than an RCK Entry, that was previously returned may be Reinitiated only if:1.

  • For RCK Entries, an Entry returned for insufficient or uncollected funds may be reinitiated as long as the item has been presented no more than one time in its physical form and no more than one time as an RCK Entry.

  • With respect to all RCK Entries, Customer hereby makes each of the representations, warranties and covenants of an Originator of RCK Entries as set forth in the Rules regarding RCK Entries as of the date of this Agreement and each time it initiates a RCK Entry.

  • You will retain a copy of the front and back of each Check for at least seven (7) years from the Settlement Date of the respective RCK Entry, and you agree to provide a copy of the original Check to us promptly upon our request therefor.

Related to RCK Entry

  • Book Entry means an uncertificated book entry for the Common Stock.

  • Entry means admission to a Department-funded developmental disability service.

  • Date of Entry means the date this Consent Decree is approved or signed by the United States District Court Judge.

  • Book-Entry Note means a beneficial interest in the Notes, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 2.10 of the Indenture.

  • Book-Entry Certificate Any Certificate registered in the name of the Depository or its nominee.

  • Exchange Event means with respect to any Global Registered Receipt:

  • Book-Entry Interest means a beneficial interest in a Global Certificate, ownership and transfers of which shall be maintained and made through book entries by a Clearing Agency as described in Section 9.4.

  • Book-Entry System means the Federal Reserve/Treasury book-entry system for receiving and delivering securities, its successors and nominees.

  • Non-Book-Entry Certificate Any Certificate other than a Book-Entry Certificate.

  • Book entry form or “book entry system” means a form or system under which (i) the ownership of book entry interests in Bonds and the principal of and interest on the Bonds may be transferred only through a book entry and (ii) physical Bond certificates in fully registered form are issued by the City only to a Depository or its nominee as registered owner, with the Bonds deposited and maintained in the custody of the Depository or its agent. The book entry maintained by others than the City is the record that identifies the owners of book entry interests in those Bonds and that principal and interest.

  • Regulation S Temporary Global Certificate means, with respect to any Class of Certificates offered and sold outside of the United States in reliance on Regulation S, a single temporary global Certificate, in definitive, fully registered form without interest coupons.

  • Book-Entry Certificates As specified in the Preliminary Statement.

  • Book-Entry Share has the meaning set forth in Section 2.01(c).

  • Book-Entry Termination The occurrence of any of the following events: (i) the Clearing Agency is no longer willing or able to properly discharge its responsibilities with respect to the Book Entry Certificates, and the Depositor is unable to locate a qualified successor; or (ii) the Depositor at its option advises the Trustee and the Certificate Registrar in writing that it elects to terminate the book-entry system through the Clearing Agency.

  • Book-Entry Notes means a beneficial interest in the Notes, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 2.10 of the Indenture.

  • Non-Book Entry Certificates As defined in Section 5.02(c)(iii) of this Agreement.

  • Book-Entry Security means a security evidencing all or part of a series of Securities, issued to the Depositary for such series of Securities in accordance with Section 3.03, and bearing the legend prescribed in Section 3.03.

  • Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the 40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.

  • Regulation S Temporary Global Note means a temporary Global Note in the form of Exhibit A2 hereto deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Regulation S Temporary Global Security with respect to any series of Securities, means one or more temporary Global Securities, bearing the Private Placement Legend and the Regulation S Temporary Global Security Legend, issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Securities of such series initially sold, if required by Rule 903 of Regulation S.

  • Temporary Regulation S Global Certificate As defined in Section 5.02(c)(i) of this Agreement.

  • Final Order Entry Date means the date on which the Final Order is entered by the Bankruptcy Court.

  • Book-Entry Only System means the book-based securities system administered by CDS in accordance with its operating rules and procedures in force from time to time;

  • Book-Entry Securities Securities maintained in the form of entries (including, without limitation, the Security Entitlements in such Securities) in the commercial book-entry system of the Fed and held for the Trustee, directly or indirectly, by any Trustee's Fed Member. Book-Entry Securities shall not include, in any event, any Certificated Security (or any Security Entitlement in any Certificated Security) held, directly or indirectly, through a Clearing Corporation.

  • Book-Entry Capital Security means a Capital Security, the ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.