Supplemental Definitions and Terms Sample Clauses

Supplemental Definitions and Terms. Bank is a Participating Depository Financial Institution of the National Automated Clearing House Association. Customer has requested that the Bank permit it to initiate electronic fund transfer entries (“Entry” or “Entries”) through Bank for the deposit (“Credit”) and/or payment (“Debit”) of money to and from Customer’s accounts maintained at Bank and to and from accounts at other Participating Depository Financial Institutions, by means of the Automated Clearing House (“ACH”). Unless otherwise defined herein, capitalized terms shall have the meanings provided in the Rules. The term “Entries” shall have the meaning provided in the Rules and shall also mean the data received from Customer hereunder from which Bank prepares Entries. Upon execution of this Agreement, Bank will promptly deliver to Customer a copy of the Rules of the NACHA. You should be aware that you will be held to the obligation to originate only lawful ACH Entries under this Agreement. We may, from time to time, need to temporarily suspend processing of a transaction for greater scrutiny that might result in delayed settlement and/or availability.
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