By Automated Clearing House Clause Samples
The "By Automated Clearing House" clause specifies that payments or transfers under the agreement will be processed through the Automated Clearing House (ACH) network. This means that funds will be electronically transferred between bank accounts using the ACH system, which is commonly used for direct deposits, bill payments, and recurring transactions. The core function of this clause is to standardize and streamline payment processing, reducing administrative burden and ensuring timely, secure electronic transfers between parties.
By Automated Clearing House. Bank: ABA#: Account Name: MassMutual Account Number: Reference: MM US Revenue Sharing Please confirm your understanding of this arrangement by having the enclosed duplicate copy of this letter signed where indicated below by an appropriate officer of the Company and returning the executed duplicate to me. Very truly yours, CONFIRMED: MFS FUND DISTRIBUTORS, INC. MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Print Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇▇▇▇▇▇ Print Name: ▇▇▇▇ ▇▇▇▇▇▇ Title: President Title: Senior Vice President 219730 [page break] Company will perform or caused to be performed the following services. MFD’s payment under the letter agreement does not constitute payment in any manner for investment advisory services or for costs of distribution of Policies or of shares of the Trust(s), and these payments are not otherwise related to investment advisory or distribution service or expenses. The amount of expense payments made pursuant to this letter agreement will not be deemed to be conclusive with respect to actual expenses or savings.
By Automated Clearing House. Bank: ABA#: Account Name: MassMutual Account Number: Reference: MM US Revenue Sharing The Distributor and Company acknowledge that should a dispute arise as to the Company’s calculation of the amount due from the Distributor, the parties will use reasonable commercial efforts to resolve the dispute in good faith. Supporting documentation of the amount due, in a format agreed to by both parties, shall be provided along with the invoice.
By Automated Clearing House. Bank: ABA#: Account Name: MassMutual Account Number: Reference: MM US Revenue Sharing
By Automated Clearing House. Bank: Chase Manhattan Bank ABA#: Account Name: MassMutual Account Number: Reference: MM US Revenue Sharing