Payment of Items Sample Clauses

Payment of Items. From and after the Closing Date, Buyer agrees to pay, to the extent of sufficient available funds on deposit, all properly drawn items, including ACHs, checks, drafts, and negotiable orders of withdrawal timely presented to it by mail, over its counters, or through clearings if such items are drawn by depositors whose Deposits or accounts on which such items are drawn are Deposits, whether drawn on the check or draft forms provided by Seller, for at least 120 days after the Closing Date, or on those provided by Buyer. In addition, Buyer shall, in all other respects, discharge the duties, liabilities and obligations with respect to the Deposits to the extent such duties, liabilities or obligations occur following the Closing.

Payment of Items. We may, at our discretion, refuse payment of, and return as unpaid, any item drawn on an Account if the balance of collected funds in the Account is insufficient to pay the total amount of such item, and a service fee will be charged against the Account for the processing and return of the item. We accept no responsibility for the payment of items which are presented the same Banking Day on which deposits are made to an Account, unless there is already a sufficient balance of collected and readily available funds in the Account to pay the total amount of such item. Payment of an item may be refused by us, at our sole discretion, if the item is written in pencil, illegible, improperly prepared, stale or post-dated, presented beyond the date of payment, contains a double endorsement or is not negotiable for any reason.

Payment of Items. A. It shall be the responsibility of teachers to pay for any items which they order without obtaining proper authorization and it shall be the responsibility of the teachers to pay for items which are kept beyond the examination period without authorization to do so. B. Teachers may not purchase materials for personal use through the school account.

Payment of Items. Helm may, at its discretion, refuse payment of, and return as unpaid, any item drawn on an Account if the balance of collected funds in the Account is insufficient to pay the total amount of such item, and a service fee will be charged against the Account for the processing and return of the item. Helm may, in its discretion disregard any information on a check presented for payment on your Account other than the signature(s) of the drawers, the identification of the drawee bank, the payee, the amount, the date and the information which appears in the MICR line. Customer agrees to be liable for any damages suffered by the Helm as a result of any other information written on the face or back of any check. ▇▇▇▇ accepts no responsibility for the payment of items which are presented the same Banking Day on which deposits are made to an Account, unless there is already a sufficient balance of collected funds in the Account to pay the total amount of such item. Payment of an item may be refused by ▇▇▇▇, at its sole discretion, if the item is written in pencil, illegible, improperly prepared, stale or post-dated, presented beyond the date of payment, contains a double endorsement or is not negotiable for any reason.

Payment of Items. All ACH transactions will be accumulated on each day that the Nacha system is operating and settled in any order AIS chooses. AIS will debit or credit My Account in the transaction amount on the day a transaction settles, including any fees or other charges associated with the transaction. For each EFT to My bank account at Ally Bank, AIS will generally debit or credit My Account upon receipt of such EFT request. If I do not have a sufficient available cash balance at the time a transaction settles, if I have a margin account, AIS will settle the transaction by increasing My current margin debit (if any), up to My margin spending limit. If I do not have sufficient spending power to settle an EFT, AIS will decline the request. If AIS inadvertently approves or settles an EFT for which I lack sufficient spending power, I hereby authorize AIS to attempt to reverse the transaction. If AIS is unable to do so, I understand that I will be liable for the full amount of the EFT, even if it exceeds My spending power at the time of settlement. I understand that margin transactions carry substantially increased risk, including the risk that AIS may be obligated to liquidate My Account in part or whole if it falls below its minimum maintenance margin level, and that I will be charged interest on any margin debit incurred. I understand that AIS generally will not issue margin calls in connection with margin deficiencies and that I may not be able to transfer funds into My Account quickly enough to prevent liquidation in the event that My Account falls below maintenance margin requirements on either an intraday or overnight basis. I understand that the Margin Account Agreement and Disclosure has details about the risks of margin trading and AIS’ policies in connection with margin deficits, margin calls, and liquidation.

Payment of Items. For a period of ninety (90) days after the Effective Time, Buyer will pay in accordance with law and customary banking practices all properly drawn and presented checks, drafts and withdrawal orders presented to Buyer drawn on the checks, drafts or withdrawal order forms provided by Seller and in all other respects discharge, in the usual course of the banking business, the duties and obligations of Seller with respect to the Deposits.

Payment of Items. For purposes of this subsection, an “item” is a debit to your Account which includes a check, substitute check, purported substitute check, electronic item or transaction, draft, remotely created item, image replacement document, indemnified copy, preauthorized payment, automatic transfer, ACH transaction, online banking transfer or bill payment instruction, deposit adjustment, any other instruction or order for the payment, transfer, or withdrawal of funds, and any image or photocopy of any of the foregoing. For each Business Day, for check transactions, we will post all check transaction credits to your Account first, in low to high dollar amount. Following these check transaction credits all check transaction debits will post to your Account in low to high dollar amount. For each Business Day, for ACH, Wire, Debit Card and Internal transfers, we will post all transactions in chronological order. Items sent by third parties for temporary or provisional authorization prior to being submitted for final payment will post according to the date and time of the authorization request. We may change the posting order or categories at any time. We have the discretion to process items even if your Account has an insufficient available balance to pay such items. Your “available” balance represents the amount of funds available for withdrawal or to pay items presented against your Account, less funds subject to holds for any reason (including holds arising from Account transactions that have been temporarily or provisionally authorized but not yet presented for final payment, and for requested Account transactions that are being processed) (your “Available Balance”). The Available Balance may not be the same as your “current” or “posted” balance. For example, your Available Balance may be reduced by a transaction in which a third-party payee has obtained authorization from us but that has not been presented for payment. (See also the “Funds Availability Disclosure” section below.) If, for any reason, a transaction is processed for more than the Available Balance in your Account, you are liable for that entire amount and agree to pay such negative balance to us immediately on demand. In the check payment process, the Bank employs techniques to assist in the detection of unauthorized items that may be presented against your Account for payment. If a particular item appears to represent unusual activity on your Account, you authorize us, in our discretion, to reject th...

Payment of Items. (1) The Bank is authorized to pay any Item drawn on an Account, in accordance with the Bank’s procedures. The Bank is authorized to debit the Account on which the Item is drawn on the day the Item is presented, certified or accepted, or at such earlier time that the Bank receives notice by electronic or other means that an Item drawn on an Account has been deposited for collection at another depositary institution. The Bank may determine Account balances in order to decide whether to dishonor an Item for insufficient funds at any time between receiving such presentment or notice and the time of the return of the Item. (2) The Bank is authorized to pay all Items presented to it regardless of amount and without inquiry as to the circumstances of issue, negotiation or endorsement or as to the disposition of proceeds, even if drawn, endorsed or payable to cash, bearer or the order of the signer or any Authorized Account Person or to a lender in payment of that individual’s obligations. (3) The Customer is responsible for protecting blank check stock and other Items from theft or loss, and for issuing Items in a manner so as to prevent unauthorized completion, alteration or addition. The Customer shall not issue Items that are post-dated, and the Bank shall not be liable for any damages caused by early payment or certification of a post-dated Item. (4) The Bank will not be required to pay any Item presented more than six (6) months after its date or that is a non - negotiable Item, but the Bank may pay such an Item and charge the Account on which the Item is drawn for the Item. (5) The Bank may process any Item by electronic means. All Items the Customer draws against any Account must comply with any check specifications and image standards adopted by the Bank from time to time as well as industry standards. The Bank shall not be liable for damages or losses due to any delay or failure in procuring, collecting or paying Items not conforming to such specifications or standards, except to the extent such losses or damages are the result of the Bank’s gross negligence or willful misconduct. (6) The Customer assumes all responsibility and liability for any claim or loss that the Customer or the Bank may suffer as a result of the Customer: (a) issuing a check in such a manner that information, marks or bands on the back of the check obscure endorsements, or (b) placing an endorsement on the back of the check which obscures other endorsements, and which thereby cause...

Payment of Items. Bank may, at its discretion, refuse payment of, and return as unpaid, any item drawn on an Account if the balance of collected funds in the Account is insufficient to pay the total amount of such item, and a service fee will be charged against the Account for the processing and return of the item.