Common use of Electronic System Clause in Contracts

Electronic System. In order to enhance ease of use, help facilitate the timely transfers of Monies and achieve administrative cost savings, the reciprocal arrangement established through this Agreement shall utilize an electronic system or medium to process reciprocity related information. Using personal computers or other appropriate devices, Participating Funds, the Reciprocal Clearinghouse, Assisting Local Unions, and both Permanent and Temporary Employees who are properly registered can access the electronic system to enter and exchange information and data relevant to the operation of the Agreement. The electronic system may be utilized as a method or medium for the actual transfers of Monies between two Participating Funds; it shall also be designed and maintained to help facilitate a decision by two Participating Funds to use an automated clearinghouse to electronically transfer Monies. In order to achieve the uniformity of operation vital to the functionality of the electronic system, each Assisting Local Union and Participating Fund recognizes that a single, system- wide service provider is required. To obtain this necessary uniformity, each Participating Fund signatory to this Agreement hereby agrees to participate in the electronic system contracted for by the International Union of Bricklayers and Allied Craftworkers.

Electronic System. In order to enhance ease of use, help facilitate the timely transfers of Monies and achieve administrative cost savings, the reciprocal arrangement established through this Agreement shall utilize an electronic system or medium to process reciprocity related information. . Using personal computers or other appropriate devices, Participating Funds, the Reciprocal Clearinghouse, Assisting Local Unions, and both Permanent and Temporary Employees who are properly registered can access the electronic system to enter and exchange information and data relevant to the operation of the Agreement. The electronic system may be utilized as a method or medium for the actual transfers of Monies between two Participating Funds; it shall also be designed and maintained to help facilitate a decision by two Participating Funds to use an automated clearinghouse to electronically transfer Monies. In order to achieve the uniformity of operation vital to the functionality of the electronic system, each Assisting Local Union and Participating Fund recognizes that a single, system- wide service provider is required. To obtain this necessary uniformity, each Participating Fund signatory to this Agreement hereby agrees to participate in the electronic system contracted for by the International Union of Bricklayers and Allied Craftworkers.