Common use of On-Us Entries Clause in Contracts

On-Us Entries. Except as provided in Section 28.g. (rejection of Entries; prefunding), in the case of an Entry received for credit or debit to an account maintained with the Bank (an “On-Us Entry”), the Bank shall credit or debit the Receiver’s account in the amount of such Entry on the Effective Entry Date contained in such Entry, provided the requirements set forth in clauses (I) and (II) of Section 28.e.ii. are met. If either of those requirements is not met, the Bank shall use reasonable efforts to credit the Receiver's account in the amount of such Entry no later than the next Business Day following such Effective Entry Date.

On-Us Entries. Except as provided in Section 28.g. (rejection X, Rejection of Entries; prefunding), in the case of an Entry received for credit or debit to an account maintained with the Bank (an “On-Us Entry”), the Bank shall credit or debit the Receiver’s account in the amount of such Entry on the Effective Entry Date contained in such Entry, provided the requirements set forth in clauses (Ii) and (IIii) of Section 28.e.ii. IV are met. If either of those requirements is not met, the Bank shall use reasonable efforts to credit the Receiver's ’s account in the amount of such Entry no later than the next Business Day business day following such Effective Entry Date.