Common use of ENTRY WARRANTIES Clause in Contracts

ENTRY WARRANTIES. Sub-Merchant certifies to WorkWave that it is in compliance with all warranties that either Sub-Merchant or WorkWave is deemed by the Operating Rules to make with respect to Entries originated by Sub-Merchant. These warranties include, but are not limited to, the following: i. each Entry is accurate, is timely, has been authorized by the party whose account will be credited or debited, and otherwise complies with the Operating Rules; ii. as of the date on which an Entry will be owing to Sub-Merchant from the party whose account will be debited, the Entry is for a sum specified by such party to be paid to Sub-Merchant, or is a correction of a previously transmitted erroneous Entry; iii. Sub-Merchant will comply with the Electronic Funds Transfer Act (also known as Regulation E), if applicable, and UCC4A, if applicable, and all other Applicable Laws; and iv. for any Entries having the NACHA standard entry code “RCK” (re-presented check), “ARC” (accounts receivable entry), “BOC” (back office conversion), “WEB” (Internet-initiated entry), or “TEL” (telephone-initiated entry), Sub-Merchant certifies its compliance with all warranties pertaining to such Entries exchanged through the ACH Network. (For a description of NACHA standard entry codes (SECs), see ▇▇▇.▇▇▇▇▇.▇▇▇.)