Reso 2014-2242 - Laserfiche WebLink

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APPENDIX II TD ACH ORIGINATION SERVICES This Appendix is incorporated by reference into the parties' Cash Management Master Agreement and the parties' Bank Internet System Agreement, as applicable. This Appendix applies to all automated clearing house ( "ACH") Services made available to Customer. in Customer's capacity as an Originator, by Bank. as an Originating Depository Financial Institution ( "ODFI" ). All capitalized terns used herein without definition shall have the meanings given to them in either the Cash Management Master Agreement or the NACHA Rules (as defined below), as applicable. F,xccpt as otherwise expressly provided in this Appendix. to the extent that this Appendix is inconsistent with the provisions of the Cash Management Master Agreement, this Appendix and any amendment hereto from time to time shall control. but only to the extent necessary to resolve such conflict. TERMS AND CONDITIONS 1. Services. The ACH network is a funds transfer system which provides for the interbank clearing of electronic credit and debit Entries for participating financial institutions. The ACH system is governed by the National Automated Clearing Ilouse Association's ("NACIIA ") Operating Rules and Operating Guidelines (collectively the " NACHA Rides "). Customer Obligations. 2.1 Customer will comply and shall cause its employees, officers, directors. agents and its Authorized Representative(s) and Administrator(s) to comply with (i) the NACHA Rules as amended from time to time and (ii) any specifications, advisories, interim policies, or instructions related to ACII transactions issued, from time to time, by Bank. NACHA or any federal or state regulatory authorities. The duties of Customer set forth in this Appendix in no way limit the requirement that Customer comply with the N4CH.4 Rules. Customer specifically adopts and makes to Bank all representations and warranties of an Originator under the NACIIA Rides, including that Customer will not initiate Entries in violation of the laws of the United States. Customer has access to a copy of the A' "W11.4 Rules and acknowledges receipt of a copy. (The N.401A Rules may be obtained at NACIiA's website at www.NACHA.ora or by contacting NACHA directly at 703 -561- 1100.) Customer agrees to subscribe to receive revisions to the NACHA Rules directly from NACIIA. 2.2 Customer will maintain a checking Account ( "Settlement Account') at Bank with available balances sufficient to offset any Entries submitted and against which any reiccted or returned Entries may be credited or debited. Bank reserves the right, in its sole and exclusive discretion and at any time, to require ACH pre - funding of credit Entries requested by Customer. in accordance with the terms and conditions of any agreement between Bank and 20 „(e2 Customer relating to pre - funding of such Fntrics, including as otherwise set forth in this Appendix. 2.3 Customer agrees from time to time, upon Bank's request and in accordance with this Appendix and the parties' Cash Management Master Agreement. to promptly provide Bank with information pertaining to Customer's financial condition as Bank may request, including without limitation, the name(s) of other financial institutions that Customer is using to originate Entries. 2.4 Nothing in this Appendix or any course of dealing between Customer and Bank (i) constitutes a commitment or obligation of Bank to lend money to Customer, (ii) obligates Bank to extend any credit to Customer. to make a loan to Customer or otherwise to advance funds to Customer to pay for any payment order contrary to Bank's published availability schedules and the settlement timing as reflected herein, and in such other documents and materials as may be provided to Customer by Bank with regard to the Services from time to time. (iii) constitutes a modification of this Appendix, the NACIL4 Rides. or the Security Procedures. or (iv) otherwise constitutes an agreement betriveen Bank and Customer regardless of whatever practices and procedures Bank and Customer may use. 2.5 Customer is responsible for all tariffs. duties or taxes (excluding U.S. federal. state and local taxation of the income of Bank) that may be imposed by any government or governmental agency in connection with any payment order executed pursuant to this Appendix, including without limitation any international tariffs, duties or taxes related to international ACH Entries as further described in Section 6 below. 2.6 Customer shall be liable for all fines including without limitation any international fines related to international ACH Entries as further described in Section 6 below, that may be incurred by Bank that are attributable to