Common use of Administrative Returns Clause in Contracts

Administrative Returns. In the event the rate of administrative returns exceeds 3% for any two calendar months or 60 day period, the Company will share any data requested by the Bank based on the Rules. If it is determined that remediation is necessary the Company will develop a plan to reduce that figure to under 3%.

Administrative Returns. In the event the rate of administrative returns exceeds 3% for any two calendar months or 60 day period, the Company Customer will share any data requested by the Bank BND requests based on the Rules. If it is determined that BND determines remediation is necessary the Company Customer will develop and implement a plan to reduce that figure to under 3%% within a reasonable amount of time.