Electronic Funds Transfer Form and Authorization Agreement
Please complete the form and return to:
CGE, Accounts Payable, BOC 19-306 1717 MAIN ST DALLAS, TX 75201
Phone: (972) 996-4859 FAX: (214) 812 - 4804
Your Company Your EFT Receivable Bank
Company Name: Bank Name:
EFT Contact Name:
EFT Contact Telephone: ( )- -
EFT Payments to be extended by: 2 Days Bank Contact Telephone: ( )- -
EFT payment days will be added to existing payment due dates to
neutralize check float. Bank Account Name:
⊗ EDI ANSI 820(CTX) sent to your Bank with payment- TXU will Bank Transit Routing Number:
not provide remittance directly to you. Your bank is responsible
for transmitting the data to you.
Bank Account Number:
TXU Buyer Contact Name: ______________________________
The above EFT payment instructions are authorized, and the Important!! Please attach a voided check or deposit slip
terms and conditions for Electronic Funds Transfer payments If a check is not available, please include a note on your
printed on page two of this form are accepted by: company letterhead.
For TXU Internal Use Only
Signature Date Remit Code ________________
Payment Method Code (PMI) ________________
_________________________________ ________________ Transaction Handling Code (THC) ________________
Printed Name Company Title Vendor Number ________________
Terms and Conditions for Electronic Funds Transfer Payments
By submitting this completed and signed Authorization Form and Agreement ("Agreement"), you agree: (a) to accept payment from TXU through electronic funds transfer ("EFT"),
giving TXU full credit for such payments under all commercial agreements, purchase orders, contracts or other existing business arrangements between you and TXU (collectively,
the "Business Agreements"), (b) to these Terms and Conditions for Electronic Funds Transfers ("Terms and Conditions"), and (c) that TXU is entitled to rely upon the information
supplied by you on the reverse side of this Agreement, as such information my be changed from time to time in accordance with these Terms and Conditions.
TXU will initiate EFT payments to you as follows:
1. Commencing on the date TXU notifies you in writing that this Agreement has been activated, each EFT payment will be made, and remittance information will be
communicated to you, in accordance with the information you have provided on the reverse side of this Agreement, or as any person purporting to represent you may
otherwise specify in written notice received by TXU. Such notice will be effective when received by the Treasury Operations Department of TXU Business Services,
although implementation of any change received by TXU within 10 days of a payment date may, at the option of TXU, be delayed until after such payment date. TXU will not
be responsible for any loss which may arise by reason of any error, mistake or fraud with regard to such information and shall be under no obligation to verify the authority of
any person who purports to act on your behalf.
2. This Agreement shall be governed by, and all EFT payments made hereunder shall be made in accordance with, the Corporate trade Payment Rules of the National
Automated Clearing House Association (NACHA) and Article 4A of the Texas Uniform Commercial Code.
3. All EFT payments will be initiated by TXU within the time specified in the applicable Business Agreement, and these Terms and Conditions shall not alter, enlarge or
diminish the existing rights and obligations of the parties under the Business Agreements, except that the existing payment due date under any Business Agreement that
allows payment by check shall be deemed to be extended by the number of days set forth on page 1 of this Agreement. TXU will not be deemed to be in default under this
Agreement or the applicable Business Agreement or suffer any loss of discount or other penalty, if a payment is timely and properly initiated by TXU but its transmission is
delayed because of any failure, delay or rejection of any financial institution, operator of an EFT system or third party service provider. If the extended payment date, which
is the normal due date adjusted for check float, falls on a non-banking day at TXU's originating bank, the funds transfer will occur on the following banking day. In all cases,
banking day is defined as the day on which both trading partners' banks will be available to transmit and receive these electronic funds transfers.
Communication of remittance information by TXU shall not constitute a warranty by TXU that the EFT payment has been timely initiated or that such EFT payment will be
received or accepted by your financial institution on any date specified therein.
4. Payment by EFT will be considered made only when your financial institution has received such payment or has control of the EFT transaction. You agree to notify TU
immediately if payment is not timely received or is rejected. TXU reserves the right; (a) to adjust future payments if any payment previously made is found to be duplicative
or in excess of the required amount, (b) to choose the EFT system and any third-party service provider it may use under this Agreement, and (c) to make any payment
permitted to be made by EFT under this Agreement by check. TXU may, if necessary, initiate debit entries and adjustments for any credit entries made in error.
5. Neither party to this Agreement shall be liable to the other party for any special, incidental or consequential damages arising from any breach of this Agreement, or as a
result of any delay, error or omission in any EFT payment to be made or remittance information to be communicated under this Agreement, or from any any act or omission
of any financial institution, EFT system operator or third-party service provider, even if such party has been advised of the possibility of such damages. Each party shall bear
the respective fees and other charges assessed by its designated financial institution(s) and third-party service provider(s).
6. This Agreement may be altered, changed, modified or assigned only by the written agreement of the parties.
7. Either party may suspend or terminate this Agreement at any time upon written notice to the other party, which notice will be effective at the time of its receipt by the other
party, although the effectiveness of any suspension or termination notice received by TXU within 10 days of any payment date may, at the election of TXU, be delayed until
after such payment date.