Common use of Default Decision Clause in Contracts

Default Decision. If you fail to make a "Pay" or "Return" decision by 5:00 PM (PT) on an ACH Exception, the ACH Debit Entry will be returned by us. You authorize the Bank to return these items.

Appears in 3 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

Default Decision. If you fail to make a "Pay" or "Return" decision by 5:00 PM (PT) 12:00 PM. PT on an ACH ExceptionDebit Entry, the ACH Debit Entry will be returned by us. You authorize the Bank to return these items.

Appears in 1 contract

Sources: Global Transaction Services Master Agreement