Reversed ACH Remittance definition

Reversed ACH Remittance means, with respect to any Monthly Collection Period, an ACH remittance, check, wire transfer, credit, payment order or other deposit relating to any Monthly Collection Period that is reversed, returned, adjusted or subject to chargeback, or any item subject to a claim for breach of transfer or presentment warranty under the Uniform Commercial Code, clearing house operating rules or the National Automated Clearing House Association, during such Monthly Collection Period.
Reversed ACH Remittance means, with respect to any Weekly Collection Period, an ACH remittance relating to any Weekly Collection Period that is reversed during such Weekly Collection Period.