AUTHORIZATION. By submitting a completed TRS-100.A Supplier Request Form (“TRS-100.A”), you (“Supplier”) hereby authorize Marmon Holdings, Inc. and/or its subsidiaries (collectively, “Marmon”) to originate one-time or recurring Automated Clearing House (ACH) CCD transactions (as credit entries), or wire transfers to Supplier’s bank account, as indicated above, for payment for goods and/or services pursuant to invoices or other payment requests provided to Marmon by Supplier and the payment terms applicable thereto. Supplier acknowledges acceptance of these terms and conditions and certifies that Supplier has read and understands the information contained herein. Supplier hereby authorizes Marmon to deposit payments to Supplier’s bank account as specified in the TRS-100.A.
CANCELLATION / CHANGE OF ACCOUNT. The foregoing authorization remains in effect until canceled in writing by Supplier or until earlier terminated by Marmon. Payments to Supplier will be deposited into the bank account designated by Supplier on the TRS-100.A until Marmon is notified in writing that Supplier wishes to cancel this authorization or designate a different bank account. To make any changes to the information contained in the TRS-100.A (including, but not limited to bank account information) or cancel this authorization, Supplier must provide at least thirty (30) days written notice to the address shown below. Subsequent requests for changes to bank account information must be received on Supplier’s letterhead at the notice address specified in the TRS-100.A. Requests to change bank account information received in any other form (e.g., e-mail, facsimile, etc.) will not be accepted. Notices of cancellation of this authorization shall in no way affect credit entries initiated prior to actual receipt and processing of notice. Supplier understands that Marmon may suspend or terminate this authorization at any time.
ERRORS IN DEPOSIT OF FUNDS. Supplier is responsible for all information provided by Supplier in the TRS-100.A. If any action or inaction taken by Marmon results in non-acceptance of an ACH deposit or wire transfer by the designated bank, Supplier acknowledges that Marmon has no responsibility to issue another payment until the funds for the non-accepted deposit are returned to Marmon by the bank. If non-acceptance by the Bank is the result of action or inaction taken by the Supplier, late fees and penalties (including consequential damages caused by this non-acceptance) do not apply. In the event that an erroneous ACH payment occurs, creating an overpayment, Marmon may utilize any lawful means to recover payments to which Supplier is not entitled, including deducting the amount owed from future payments until the total overpayment is recovered.
Both parties agree to be bound by National Automated Clearinghouse Association, (“NACHA”) Operating Rules pertaining to ACH transactions processed under this authorization.
Marmon reserves the right to update these supplier payment authorization terms & conditions from time to time and post the same to its website.