Common use of Notice of Returned Entries Clause in Contracts

Notice of Returned Entries. The Bank shall promptly notify the Company by mail or by electronic access of the receipt of a returned entry from the ACH Processor. Except for an entry retransmitted by the Company in accordance with the requirements in this Attachment, the Bank shall have no obligation to retransmit a returned Entry to the ACH Processor if the Bank complied with the terms of this Agreement with respect to the original entry.

Appears in 3 contracts

Sources: Treasury Services Master Agreement, Treasury Services Master Agreement, Treasury Services Master Agreement