Common use of Returned Entries Clause in Contracts

Returned Entries. Bank shall use its best efforts to notify Customer of the receipt of Entries returned from the ACH or of any notification of change (“NOC”). Such notification may be given by phone, electronic transmission, or any other commercially reasonable means within a reasonable time after the Business Day on which Bank receives such returned Entries or NOC. Bank shall have no obligation to retransmit or re- execute any returned Entry. Customer agrees to check for returns and notifications of changes at least once a day.

Appears in 6 contracts

Sources: Master Agreement for Treasury Management Services, Master Agreement, Master Agreement

Returned Entries. Bank shall use its best efforts to notify Customer of the receipt of Entries returned from the ACH or of any notification of change (“NOC”). Such notification may be given by phone, electronic transmission, or any other commercially reasonable means within a reasonable time after the Business Day on which Bank receives such returned Entries or NOC. Bank shall have no obligation to retransmit or re- re-execute any returned Entry. Customer agrees to check for returns and notifications of changes at least once a day.

Appears in 1 contract

Sources: Master Agreement