Common use of Credit Entries Clause in Contracts

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. 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 Georgia 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.