Common use of Processing Times Clause in Contracts

Processing Times. a. While the Office Deposit Service is available for use 24 hours a day, Imaged Items will only be processed on business days during the times set forth in the Documentation, except during maintenance periods, or such other hours as established by the Bank 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. b. Imaged Items processed for deposit through the Office Deposit Service will be deemed to have been received by the Bank for deposit at the time the Imaged Items are actually received and accepted at the location where the Bank or its designated agent posts the credit to the Office Deposit Account. A deposit of Imaged Items will be deemed to have been received and accepted by the Bank for deposit when all of the following have occurred: (1) the Bank has preliminarily verified that the image quality of the Imaged Items is acceptable to the Bank in its discretion, all Item information is complete and the deposit totals are balanced to the Item information provided for the deposit; and (2) the Bank has successfully performed all further validation routines with respect to the deposit. Notwithstanding the foregoing, Imaged Items received by the Bank for deposit may be rejected by the Bank in the Bank’s sole discretion. c. Items will be processed and ready for presentment by the Bank after the Bank receives all good digitized images and associated data for any given transmission from you. The Bank will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receipt. d. If under Section 8.b. of this Schedule E to this CMTS Agreement above an Imaged Item is not accepted for deposit, then you may then submit the Original Check to the Bank for processing or contact the maker to reissue the Check. If you submit the Original Check for processing, the Bank reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution and may instead require you to have the maker reissue the Check. e. It is your responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Bank as set forth in the Deposit Account Agreement and Regulatory Disclosure or as otherwise established by the Bank. You are 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. a. While the Office Deposit The Service is available for use seven days per week and 24 hours a day, Imaged Items will only be processed on business days during the times set forth in the Documentation, day except during maintenance periods, or such other hours as established by the Bank from time to time. Transmissions processed after these hours on a business dayMonday through Friday, or on any except for designated holidays, the service cut-off for same day processing of deposits is 5:00 PM, Pacific 10.1. Customer agrees to view the images of each scanned Item that is sent to Bank. If Item information received by Bank is not a business daycomplete or cannot be processed by Bank for any reason, are treated as occurring on Bank may reject the next business dayImaged Item, notwithstanding any transmission confirmation and charge the amount back against any provisional credit to Customer’s Account. Custome r will be responsible for verifying Bank’s receipt of Customer’s transmissions by verifying that deposits have been posted to Customer’s Account. b. 10.2. Imaged Items processed for deposit through the Office Deposit Service will be deemed to have been received by the Bank for deposit at the time the Imaged Items are actually received and accepted at the location where the Bank or its designated agent posts the credit to the Office Deposit Account. A deposit of Imaged Items will be deemed to have been received and accepted by the Bank for deposit when all of the following have occurred: (1i) the Bank has preliminarily verified that the image quality of the Imaged Items is acceptable to the Bank in its discretion, all Item information is complete and the deposit totals are balanced to the Item information provided for the deposit; and (2ii) the Bank has successfully performed all further validation routines with respect to the deposit. Notwithstanding the foregoing, Imaged Items received by the Bank for deposit may be rejected by the Bank in the Bank’s sole discretion. c. 10.3. Items will be processed and ready for presentment by the Bank after the Bank receives all good digitized images and associated data for any given transmission from youCustomer. The Bank will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receipt. d. 10.4. If under Section 8.b. of this Schedule E to this CMTS Agreement Paragraph 10.2 above an Imaged Item is not accepted for deposit, then you Customer may then submit the Original Check to the Bank for processing or contact the maker to reissue the Check. If you submit Customer submits the Original Check for processing, the Bank reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution and may instead require you Customer to have the maker reissue the Check. e. 10.5. It is your Customer's responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Bank as set forth in the Deposit Account Agreement and Regulatory Disclosure Agreements or as otherwise established by the Bank. You are 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.

Processing Times. a. While the Office Deposit Service is available for use 24 hours a day, Imaged Items will only be processed on business days during the times set forth in the inthe Documentation, except during maintenance periods, or such other hours as established by the Bank 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. b. Imaged Items processed for deposit through the Office Deposit Service will be deemed to have been received by the Bank for deposit at the time the Imaged Items are actually received and accepted at the location where the Bank or its designated agent posts the credit to the Office Deposit Account. A deposit of Imaged Items will be deemed to have been received and accepted by the Bank for deposit when all of the following have occurred: (1) the Bank has preliminarily verified that the image quality of the Imaged Items is acceptable to the Bank in its discretion, all Item information is complete and the deposit totals are balanced to the Item information provided for the deposit; and (2) the Bank has successfully performed all further validation routines with respect to the deposit. Notwithstanding the foregoing, Imaged Items received by the Bank for deposit may be rejected by the Bank in the Bank’s sole discretion. c. Items will be processed and ready for presentment by the Bank after the Bank receives all good digitized images and associated data for any given transmission from you. fromyou.The Bank will use commercially reasonable efforts to present Items for payment to the applicable Endpoint within a reasonable period of time following such receipt. d. If under Section 8.b. of this Schedule E to this CMTS Agreement above an Imaged Item is not accepted for deposit, ,then you may then submit the Original Check to the Bank for processing or contact the maker to reissue the Check. If you submit the Original Check for processing, the Bank reserves the right to refuse to process the Check for deposit and presentment to the Payor Financial Institution and may instead require you to have the maker reissue the Check. e. It is your responsibility to understand and build into its transmission schedules the appropriate deadlines necessary to meet the availability schedules of Bank as set forth in the Deposit Account DepositAccount Agreement and Regulatory Disclosure or as otherwise established by the Bank. You are further responsible for understanding and building into its transmission schedule the changes thechanges in transmission windows required by time changes associated with Daylight Savings Time.