Common use of ACH File Service Clause in Contracts

ACH File Service. 4.4.1. Upon request by Company, American Express will create a Nacha-compliant file containing the details of the payment requested by Company (the “ACH File”) that is made available for the Company to download through the Portal (the “ACH File Service”). Once downloaded, Company can then submit the ACH File to its bank for processing on the Company’s bank account. American Express does not initiate or process any ACH Payments through the ACH File Service. 4.4.2. Company is solely responsible for providing complete and accurate information required for American Express to create the ACH File, including, but not limited to, required authorizations. Company acknowledges and agrees that American Express assumes no liability for any communication from Company to American Express or for any communication to Suppliers on Company’s behalf or at the direction of Company. American Express is not responsible for the content or format of ACH Files. Company agrees that it shall indemnify American Express from and against any and all losses arising directly or indirectly from any errors contained in any ACH File or an inability to process payments by any third party due to errors contained in any ACH File prepared in accordance with information provided by Company. 4.4.3. Stop Payment, Reversals and Recalls – Company acknowledges and agrees that American Express does not have any ability or obligation to honor any request for a stop payment, reversal or recall of ACH Files or payments once an ACH File has been submitted by Company to its bank.

ACH File Service. 4.4.1. Upon request by Company, American Express will create a Nacha-compliant file containing the details of the payment requested by Company (the “ACH File”) that is made available for the Company to download through the Portal (the “ACH File Service”). Once downloaded, Company can then submit the ACH File to its bank for processing on the Company’s bank account. American Express does not initiate or process any ACH Payments payments through the ACH File Service. 4.4.2. Company is solely responsible for providing complete and accurate information required for American Express to create the ACH File, including, but not limited to, required authorizations. Company acknowledges and agrees that American Express assumes no liability for any communication from Company to American Express or for any communication to Suppliers on Company’s behalf of or at the direction of Company. American Express is not responsible for the content or format of ACH Files. Company agrees that it shall indemnify American Express from and against any and all losses arising directly or indirectly from any errors contained in any ACH File or an inability to process ACH payments by any third party due to errors contained in any ACH File prepared in accordance with information provided by Company. 4.4.3. Stop Payment, Reversals and Recalls – Company acknowledges and agrees that American Express does not have any ability or obligation to honor any request for a stop payment, reversal or recall of ACH Files or ACH payments once an ACH File has been submitted by Company to its bank.