Common use of ACCESS TERMINAL TRANSACTIONS Clause in Contracts

ACCESS TERMINAL TRANSACTIONS. The Depositor acknowledges and agrees that: a) using a Password to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by the Depositor in person or as otherwise contemplated or permitted by the Account Contract; b) the Depositor will be bound by each such Transaction; and c) once a Password has been used to authorize a Transaction, the Transaction may not be revoked and no stop payment on the Transaction may be requested.

ACCESS TERMINAL TRANSACTIONS. The Depositor Member acknowledges and agrees that: a) using a Password to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by the Depositor Member in person or as otherwise contemplated or permitted by the Account Contract; b) the Depositor Member will be bound by each such Transaction; and c) once a Password has been used to authorize a Transaction, the Transaction may not be revoked and no stop payment on the Transaction may be requested.

ACCESS TERMINAL TRANSACTIONS. The Depositor acknowledges and agrees that: : a) using a Password to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by the Depositor in person or as otherwise contemplated or permitted by the Account Contract; ; b) the Depositor will be bound by each such Transaction; and and c) once a Password has been used to authorize a Transaction, the Transaction may not be revoked and no stop payment on the Transaction may be requested.