Common use of File Processing Clause in Contracts

File Processing. Each File received with valid Confirmation by us prior to the applicable cutoff time, in effect from time to time, on any Business Day will be processed by us on such Business Day. (Any File received by us after the applicable cutoff time will be processed by us the following Business Day.) We will: i. Obtain Confirmation from an Authorized Representative or User of the authenticity of the File using the security procedure you have selected for the Integrated Payables Service. ii. Initiate each Integrated Payables payment in accordance with the instructions contained in the File and in the case of Checks, mail Checks to the applicable payees within 24 hours of the dates specified in such File up to the date which is 365 calendar days from the date we receive such File. Any remittance data contained in such File will be sent with the Integrated Payables payment to which it relates. iii. Provide an Issue File for use by each applicable disbursement bank as mutually agreed. iv. Provide a Check Register to you. v. If applicable, provide a Reject Register to you.