Credit Entries Clause Samples
Credit Entries. You authorize us, immediately upon our receipt of any credit Entry, to debit your ACH Account for the Funds required by that Entry. You understand that, because of the automated systems used to provide Business ACH Services, we automatically will debit the ACH Account for that Entry, even if the Entry subsequently will be suspended for any reason described herein. You agree that, whenever you submit an Entry to us, you must have Funds in the ACH Account in an amount equal to or greater than the Entry. You understand that we may debit the ACH Account either by actually deducting funds from the ACH Account or by placing a hold on funds in the ACH Account. In either case, once we have debited the ACH Account for the funds required by the Entry, those funds will not be available to you for any other purpose, including the payment or settlement of other items from that ACH Account.
Credit Entries. In the case of credit entries subject to UCC Article 4A (in general, this means non-consumer credit entries), you are hereby notified that: (1) these entries may be transmitted through the ACH; (2) your rights and obligations concerning these entries shall be governed by and construed in accordance with New York law (in all matters between you and us, however, Nebraska law shall govern); (3) credit given by the Receiving Depository Financial Institution (“RDFI”) to Receivers is conditional until final settlement or payment in accordance with ▇▇▇ ▇▇; and (4) if an RDFI does not receive such payment, the RDFI is entitled to a refund from the Receiver and you will not be considered to have paid the Receiver.
Credit Entries. When you initiate a credit Entry, you shall provide good collected funds in the Authorized Accounts to cover any credit Entry initiated by us no later than the end of the banking day on the applicable effective date. For the purposes of these Terms and Conditions, “good collected funds” shall mean funds subject to immediate withdrawal.
Credit Entries. You agree to pay us the amount of each Credit Entry on or before the date we transmit the Entry and before the Settlement Date and at such time as we, in our discretion, may require.
Credit Entries. Bank will debit Customer's Settlement Account at any time on the Settlement Date as Bank, in its sole discretion, may determine for the amount of each credit Entry executed by Bank, and in accordance with the NACHA Rules. Bank will promptly re-credit the Settlement Account with the amount of any credit Entry (which was a debit to the Settlement Account), which is rejected by Bank, and any other credit Entry, which is returned by a Receiving Bank, provided that Bank has obtained payment for the Returned Entry from the Receiving Bank.
Credit Entries. HVFCU reserves the right to require that you pay HVFCU in immediately available funds at the time of transmittal or at any time prior to settlement the amount of each credit Entry submitted by you.
Credit Entries. You authorize us to initiate ACH credit entries (“Credit”) to your Deposit Account, and, if applicable, to your Funds Held Account, at your request and in accordance with the terms of your loan note for disbursing loan proceeds.
Credit Entries. 10.1. With the exception of cash transactions, the availability of any amounts resulting from the delivery by the Client of cheques, debt securities or other amounts for crediting an account is subject to the condition of their good collection.
10.2. Account credits will have the value date given in the Pricing Schedule.
10.3. Demand deposit accounts may accrue interest, through an entry in the specific account, based on the frequency and rates stipulated in the Pricing Schedule if no special arrangement has been agreed to, and will be reflected in the next account statement.
10.4. Income from Term deposits and the results from termination of Term deposits are credited to the demand deposit account.
10.5. The Bank may reverse, with the corresponding value date, credit of any amounts, in cases where it subsequently discovers that they are incorrectly due.
10.6. In cases where the Client orders or is the beneficiary of a transaction that results in a credit entry in a currency different from that of the accounts opened by the Client, a new current account in the currency of the transaction shall be necessary and shall be automatically opened, for which the Client hereby authorizes.
Credit Entries. Customer authorizes Bank to debit Customer’s account for ACH credit Entries processed for Customer either: (a) on the date the ACH credit Entry file is transmitted to Bank; or (b) for Prefunded Customers, on the date the file is submitted to Bank for Processing.
Credit Entries. The Company will maintain on account with the Bank for the term of this Agreement, and will provide immediately available funds in such account to cover any Credit Entry it initiates not later than the applicable Settlement Date. The Company authorizes the Bank to debit such account on the applicable Settlement Date in the amount of each Entry. Additionally, after the Bank receives the Company's Credit Entries, the Company authorizes the Bank to place a hold on the funds in the Company's account for the total amount of the Entry until the Bank debits such account on the Settlement Date. If the Company does not provide sufficient available funds to cover any Credit Entry, the Bank may debit any other account maintained by the Company with the Bank in order to obtain payment of any Credit Entry.