Common use of Processing Times Clause in Contracts

Processing Times. 10.1. The Services are available for use only on business days during the times set forth in the Documentation, except during maintenance periods, or such other hours as established by Credit Union from time to time. Transmissions processed after these hours on a business day, or on any day that is not a business day, are treated as occurring on the next business day. 10.2. Imaged Items processed for deposit through the Services will be deemed to have been received by Credit Union for deposit at the time the Imaged Items are actually received and accepted at the location where Credit Union or its designated agent posts the credit to the Account. A deposit of Imaged Items will be deemed to have been received and accepted by Credit Union for deposit when all of the following have occurred: (a) Credit Union has preliminarily verified that the image quality of the Imaged Items is acceptable to Credit Union in its discretion, all Item information is complete and the deposit totals are balanced to the Item information provided for the deposit, and (b) Credit Union has successfully performed all further validation routines with respect to the deposit. Notwithstanding the foregoing, Imaged Items received by Credit Union for deposit may be rejected by Credit Union in Credit Union's sole discretion. 10.3. Items will be processed and ready for presentment by Credit Union after Credit Union receives all good digitized images and associated data for any given transmission from Member. Credit Union will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receipt. 10.4. If under Section 10.2 above an Imaged Item is not accepted for deposit, Member may then submit the Original Check to Credit Union for processing, provided we have expressly notified Member in writing to deposit the Original Check, or contact the maker to reissue the Check. If Member submits the Original Check for processing, Credit Union reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution and may instead require Member to have the maker reissue the Check. 10.5. It is Member's responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Credit Union as set forth herein, in the Documentation, and in the Membership and Account Agreement or as otherwise established by Credit Union. Member is further responsible for understanding and building into its transmission schedule the changes in transmission windows required by time changes associated with Daylight Savings Time.

Processing Times. 10.1. The Services are available for use only on business days during (a) Notwithstanding any provisional credit that may be applied to the times set forth RDC Account in the Documentationconnection with Client’s transmitted Imaged Items, except during maintenance periods, or such other hours as established by Credit Union from time to time. Transmissions processed after these hours on a business day, or on any day that is not a business day, are treated as occurring on the next business day. 10.2. Imaged Items processed for deposit through the Services Remote Deposit Capture Service will be deemed to have been received by Credit Union Bank for deposit at the time the Imaged Items are actually received and accepted at the location where Credit Union Bank or its designated agent posts the credit to the RDC Account. A deposit of Imaged Items will be deemed to have been received and accepted by Credit Union Bank for deposit when all of the following have occurred: (ai) Credit Union Bank has preliminarily verified that the image quality of the Imaged Items is acceptable to Credit Union Bank in its discretion, all Item information is complete and the deposit totals are balanced to the Item information provided for the deposit, ; and (bii) Credit Union Bank has successfully performed all further validation routines with respect to the deposit. Notwithstanding the foregoing, Imaged Items received by Credit Union Bank for deposit may be rejected by Credit Union Bank in Credit Union's Bank’s sole discretion. 10.3. (b) Items will be processed and ready for presentment by Credit Union Bank after Credit Union Bank receives all good digitized images and associated data for any given transmission from MemberClient. Credit Union Client agrees to view the images of each scanned Item that is sent to Bank. If Item information received by Bank is not complete or cannot be processed by Bank for any reason, Bank may reject the Imaged Item, notwithstanding any transmission confirmation and charge the amount back against any provisional credit to Client’s RDC Account. Client will be responsible for verifying Bank’s receipt of Client’s transmissions by verifying that deposits have been posted to Client’s RDC Account. Bank will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receipt. 10.4. (c) If under Section 10.2 above an Imaged Item is not accepted for deposit, Member Client may then submit the Original Check to Credit Union Bank for processing, provided we have expressly notified Member in writing to deposit the Original Check, processing or contact the maker to reissue the Check. If Member Client submits the Original Check for processing, Credit Union Bank reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution Paying Bank and may instead require Member Client to have the maker reissue the Check. 10.5. (d) It is MemberClient's responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Credit Union Bank as set forth herein, in the Documentation, and in the Membership and Account Treasury Agreement or as otherwise established by Credit UnionBank. Member Client is further responsible for understanding and building into its transmission schedule the changes in transmission windows required by time changes associated with Daylight Savings Time. (e) The cut-off time for deposits to be made through the RDC Service can be found under the "About Us" tab at ▇▇▇.▇▇▇. Any deposits made after the cut-off time will be considered made the following business day.

Processing Times. 10.1. The Services are available for use only a) Processing occurs on business days during the times set forth in the Documentation, except during maintenance periods, or such other hours as established by Credit Union from time to time. Business Days. b) Transmissions processed after these hours 3:00 p.m. Eastern Time on a business dayBusiness Day, or on any day that is not a business dayBusiness Day, are treated as occurring on the next business dayBusiness Day. 10.2. c) Imaged Items processed for deposit through the Services Service will be deemed to have been received by Credit Union AEFCU for deposit at the time the Imaged Items are actually received and accepted at the location where Credit Union or its designated agent AEFCU posts the credit to the Account. . d) A deposit of an Imaged Items Item will be deemed to have been received and accepted by Credit Union AEFCU for deposit when all of the following have occurred: (a) Credit Union : i. AEFCU has preliminarily verified that the image quality of the Imaged Items Item is acceptable to Credit Union AEFCU in its discretion, all , ii. All Imaged Item information is complete and the complete, iii. The deposit totals are balanced to the Imaged Item information provided for the deposit, and (b) Credit Union ; and iv. AEFCU has successfully performed all further validation routines the verification process with respect to the deposit. Imaged Item. e) Notwithstanding the foregoing, Imaged Items received by Credit Union AEFCU for deposit may be rejected by Credit Union AEFCU in Credit Union's AEFCU’s sole discretion. 10.3. f) Imaged Items will be processed and ready for presentment by Credit Union AEFCU after Credit Union AEFCU receives all good digitized digital images and associated data for any given transmission Imaged Item from Member. Credit Union will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receiptyou. 10.4. g) All Imaged Items will be placed on hold for two (2) Business Days. h) If under Section 10.2 above 15.d above, an Imaged Item is not accepted for deposit, Member you may then submit the Original Check original check to Credit Union AEFCU for processing, provided we have expressly notified Member in writing to deposit the Original Check, processing or contact the maker to reissue the Check. check. i) If Member submits you submit the Original Check original check for processing, Credit Union AEFCU reserves the right to refuse to process the Check check for deposit and presentment to the Payor Financial Institution payor financial institution and may instead require Member you to have the maker reissue the Checkcheck. 10.5. It is Member's responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Credit Union as set forth herein, in the Documentation, and in the Membership and Account Agreement or as otherwise established by Credit Union. Member is further responsible for understanding and building into its transmission schedule the changes in transmission windows required by time changes associated with Daylight Savings Time.

Processing Times. 10.1. The Services are available for use only 9.1 Generally, Checks scanned and transmitted before three (3) p.m. on a business days during day will be received by the times set forth in the Documentation, except during maintenance periods, or such other hours as established by Credit Union from time to timeBank on that day. Transmissions processed after these hours on a business day, or on any day that is not a business day, are treated as occurring on the next business day. 10.2. 9.2 Imaged Items processed for deposit through the Services Service will be deemed to have been received by Credit Union Bank for deposit at the time the Imaged Items are actually received and accepted at the location where Credit Union Bank or its designated agent posts the credit to the Account. A deposit of Imaged Items will be deemed to have been received and accepted by Credit Union Bank for deposit when all of the following have occurred: (ai) Credit Union Bank has preliminarily verified that the image quality of the Imaged imaged Items is acceptable to Credit Union Bank in its discretion, all Item information is complete and the deposit totals are balanced to the Item information provided for the deposit, ; and (bii) Credit Union Bank has successfully performed all further validation routines with respect to the deposit. Notwithstanding the foregoing, Imaged Items received by Credit Union Bank for deposit may be rejected by Credit Union Bank in Credit Union's Bank’s sole discretion. 10.3. 9.3 Items will be processed and ready for presentment by Credit Union Bank after Credit Union Bank receives all good digitized images and associated data for any given transmission from MemberCustomer. Credit Union Bank will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receipt. 10.4. 9.4 If under Section 10.2 Paragraph 9.2 above an Imaged Item is not accepted for deposit, Member Customer may then submit the Original Check to Credit Union Bank for processing, provided we have expressly notified Member in writing to deposit the Original Check, processing or contact the maker to reissue the Check. If Member Customer submits the Original Check for processing, Credit Union Bank reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution and may instead require Member Customer to have the maker make reissue the Checkcheck. 10.5. 9.5 It is Member's Customer’s responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Credit Union Bank as set forth herein, in the Documentation, and in the Membership and Deposit Account Agreement Agreements or as otherwise established by Credit UnionBank. Member Customer is further responsible for understanding and building into its transmission schedule the changes in transmission windows required by time changes associated with Daylight Savings Time.