Common use of Access and Passwords Clause in Contracts

Access and Passwords. 5.3.1. Upon logging onto the Platform and selecting to use the Service (i.e., by entering the username and the corresponding password), access will be granted to each User, and TransferMate will not be required to take any further steps to verify that the person accessing the Account is a User. 5.3.2. Each User's registration is for that User only. You agree that Users are prohibited from sharing their username and password with any other person, and to do so shall be a material breach of these Terms by You. 5.3.3. If You or Your Users forget the password for the Platform, You must contact Us and, upon satisfactory completion of verification procedures, We shall issue You with a new password via email.