Form and Format. All Entries shall be in the form of a balanced file. As used in this paragraph, - a balanced file means the file contains an offset or settlement transaction equal to the total of the originated debit or credit items. . All Pre-notifications and Entries shall be furnished to F&M BANK at least two (2) Business Days prior to the opening of business on the applicable Settlement Date in computer readable media as provided under the Rules, and in the record format specified by F&M BANK from time to time. F&M BANK may reject any Entry which F&M BANK determines in its sole discretion not to be in compliance with its then applicable media and format requirements, the Rules, any federal or state laws or regulations, or the terms and conditions of this Agreement. The parties agree that F&M BANK has no responsibility to determine whether Company has complied with any federal or state law or regulation.
Appears in 2 contracts
Sources: Treasury Management Agreement, Treasury Management Agreement