Common use of Receiver Authorizations for Debit Entries Clause in Contracts

Receiver Authorizations for Debit Entries. Each debit Entry received by Bank from Client is for a sum due and owing to Client by the Receiver of such debit Entry, or is for a sum specified by such Receiver to be paid to Client, or is a correction of a previously submitted erroneous credit Entry, and such Receiver has duly authorized such Entry by an authorization agreement in accordance with the NACHA Rules. Without limiting the foregoing, reinitiation of any debit Entry previously returned for stop payment has been authorized by the Receiver;

Receiver Authorizations for Debit Entries. Each debit Entry received by Bank from Client is for a sum due and owing to Client by the Receiver of such debit Entry, or is for a sum specified by such Receiver to be paid to Client, or is a correction of a previously submitted erroneous credit Entry, and such Receiver has duly authorized such Entry by an authorization agreement in accordance with the NACHA Rules. Without limiting the foregoing, reinitiation re-initiation of any debit Entry previously returned for stop payment has been authorized by the Receiver;

Receiver Authorizations for Debit Entries. Each debit Entry received by Bank from Client Customer is for a sum due and owing to Client Customer by the Receiver of such debit Entry, or is for a sum specified by such Receiver to be paid to ClientCustomer, or is a correction of a previously submitted erroneous credit Entry, and such Receiver has duly authorized such Entry by an authorization agreement in accordance with the NACHA Rules. Without limiting the foregoing, reinitiation of any debit Entry previously returned for stop payment Stop Payment has been authorized by the Receiver;