Common use of COMPLIANCE WITH RULES AND LAWS Clause in Contracts

COMPLIANCE WITH RULES AND LAWS. The Company acknowledges it has a copy or has access to a copy of the Rules. The Company agrees to comply with the ACH Rules currently in existence and as updated annually by the National Automated Clearing House Association (NACHA). The Company further agrees that it will not knowingly originate transactions that violate any laws of the United States. The Company will have liability for rule violations that are determined by the Institution to be due to an action by the Company. The Company will be responsible for reimbursing the Institution for fines assessed to the Institution due to rule violations by the Company. It shall be the responsibility of the Company that the preparation, transmittal, origination, and settlement of ACH transactions complies with United States laws, regulations, regulatory guidelines and guidance, and official commentaries. This includes, but is not limited to sanctions enforced by the Office of Foreign Assets Control (OFAC). It shall further be the responsibility of the Company to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from the OFAC Compliance Hotline at (800) 540-OFAC or from the OFAC's website at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇.) The Company agrees that the performance of any action by the Institution to debit or credit an account or transfer funds otherwise required by the Rules is excused from the performance of such action to the extent that the action is inconsistent with United States law. The specific duties of the Company provided in the following paragraphs of this Agreement in no way limit the foregoing undertaking. The duties of the Company set forth in the following paragraphs of this Agreement in no way limit the requirement of complying with the Rules. The Company has an obligation with respect to consumer-alleged errors under Regulation E.

COMPLIANCE WITH RULES AND LAWS. The Company acknowledges it has a copy or has access to a copy of the Rules. The Company agrees to comply with the ACH Rules currently in existence and as updated annually by the National Automated Clearing House Association (NACHA). The Company further agrees that it will not knowingly originate transactions that violate any laws of the United States. The Company will have liability for rule violations that are determined by the Institution to be due to an action by the Company. The Company will be responsible for reimbursing the Institution for fines assessed to the Institution due to rule violations by the Company. It shall be the responsibility of the Company that the preparation, transmittal, origination, and settlement of ACH transactions complies with United States laws, regulations, regulatory guidelines and guidance, and official commentaries. This includes, includes but is not limited to sanctions enforced by the Office of Foreign Assets Control (OFAC). It shall further be the responsibility of the Company to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from the OFAC Compliance Hotline at (800) 540-OFAC or from the OFAC's website at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇.) The Company agrees that the performance of any action by the Institution to debit or credit an account or transfer funds otherwise required by the Rules is excused from the performance of such action to the extent that the action is inconsistent with United States law. The specific duties of the Company provided in the following paragraphs of this Agreement in no way limit the foregoing undertaking. The duties of the Company set forth in the following paragraphs of this Agreement in no way limit the requirement of complying with the Rules. The Company has an obligation with respect to consumer-alleged errors under Regulation E.

COMPLIANCE WITH RULES AND LAWS. The Company acknowledges it has a copy or has access to a copy of the Rules. The Rules may also be purchased online at ▇▇▇.▇▇▇▇▇.▇▇▇. Company agrees to comply with and be subject to the ACH Rules currently of NACHA in existence at the date of this Agreement, and as updated annually by the National Automated Clearing House Association (NACHA). The Company further agrees that it will not knowingly originate transactions that violate any laws of the United States. The Company will have liability for rule violations that are determined by the Institution amendments to be due these Rules made from time to an action by the Company. The Company will be responsible for reimbursing the Institution for fines assessed to the Institution due to rule violations by the Companytime. It shall be the responsibility of the Company that the preparation, transmittal, origination, and settlement origination of ACH transactions complies with United States lawsU.S. law, regulations, regulatory guidelines and guidance, and official commentaries. This includes, including but is not limited to sanctions enforced by the Office of Foreign Assets Control (“OFAC”). It shall further be the responsibility of the Company to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from the OFAC Compliance Hotline at (800) 540-OFAC OFAC). Financial Institution will charge the Company with any fines or from penalties imposed by OFAC, NACHA or any organization which are incurred as a result of non-compliance by the OFAC's website at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇.) The Company and the Company agrees that the performance of any action by the to fully reimburse and/or indemnify Financial Institution to debit for such charges or credit an account or transfer funds otherwise required by the Rules is excused from the performance of such action to the extent that the action is inconsistent with United States lawfines. The specific duties of the Company provided in the following paragraphs of this Agreement in no way limit the foregoing undertaking. The duties of the Company set forth in the following paragraphs of this Agreement in no way limit the requirement of complying with the Rules. The Financial Institution may terminate or suspend this Agreement upon written notice and identification of a material breach by Company has of the Rules. Furthermore, Financial Institution shall have the right to initiate an obligation audit of Company procedures for compliance with respect this Agreement and the Rules, upon written notification to consumer-alleged errors under Regulation E.Company.