INITIATION OF ENTRIES. We are hereby authorized to transmit Entries initiated by you as provided by the Rules. We shall be under no obligation to initiate Entries if the total amount of credit files sent by you exceeds established limits set forth by us from time to time and at our discretion. You acknowledge that cross-border or international Entries are subject to pre-approval requirements established by us, which such additional requirements may delay processing of your Entry. In order to initiate Entries pursuant to this Section 5, you shall furnish Entries on the medium and in the format specified by the Rules for that type Entry. Each Entry shall be delivered as specified and in accordance with the cutoff times and other requirements stated in our Procedures. We may handle Entries and Files delivered by you to us, as well as those which we receive from other customers, in any order selected by us in our sole discretion, and we may use any means or routes which we, in our sole discretion, may consider suitable. We shall not be deemed to have accepted any Entries initiated hereunder until we transmit such Entries to an ACH Operator and shall not be obligated to provide notice to you of our transmittal of Entries to the ACH Operator. If you deliver or transmit Entries to a Provider for processing and delivery to us, you shall comply with the Provider's delivery schedule, formats and security procedures, and the Provider shall be your agent. Any Provider used by you shall be acceptable to us, in our sole discretion. You shall comply with the pre-notification procedures prescribed by the Rules.
Appears in 3 contracts
Sources: Treasury Services Agreement, Treasury Services Agreement, Treasury Services Agreement