Common use of Delayed Processing Clause in Contracts

Delayed Processing. In addition to any allowances provided to Bank in any other agreement Bank has with Client, Client agrees that Bank may delay posting of an inbound credit to Client’s account(s) held at Bank, or delay the processing of an outbound transaction from Client’s account(s) held at Bank, when the delay is due to a suspicion that the transaction may be in violation of applicable Law, Rule or Act, or the transaction is otherwise under review by Bank.

Appears in 2 contracts

Sources: Master Treasury Management Services Agreement, Master Cash Management Agreement

Delayed Processing. In addition to any allowances provided to Bank in any other agreement Bank has with ClientCompany, Client Company agrees that Bank may delay posting of an inbound credit to Client’s account(s) held at BankAccount(s), or delay the processing of an outbound transaction from Client’s account(s) held at Banktransaction, when the delay is due to a suspicion that the transaction may be in violation of applicable Law, Rule or Actlaw, or the transaction is otherwise under review by Bank.

Appears in 2 contracts

Sources: Treasury Management Services Agreement, Treasury Management Services Agreement

Delayed Processing. In addition to any allowances provided to Bank in any other agreement Bank has with Client, Client agrees that Bank may delay posting of an inbound credit to ClienttoClient’s account(s) held at Bank, or delay the processing of an outbound transaction from Client’s account(s) held at Bank, when the delay is due to a suspicion that the transaction may be in violation of applicable Law, Rule or Act, or the transaction is otherwise under review by Bank. Notice of such delayed processing shall be provided when required by applicable law.

Appears in 1 contract

Sources: Treasury Management Agreement