Common use of Account Access and Transfer Commingling Authorization Clause in Contracts

Account Access and Transfer Commingling Authorization. From time-to-time, Business Online Banking Service users may be presented with the option to submit an Account Access and Transfer Commingling Authorization request to enable the ability to transfer funds and share information between specified deposit accounts. By submitting an Account Access and Transfer Commingling Authorization to the Bank through our Business Online Banking Service: a. You understand and agree that any authorized signer or agent acting in an authorized capacity on any of the deposit accounts enabled for the service will be authorized to access account information (including balance and transaction details) and make transfers among the accounts using our applicable electronic banking services (i.e., Mobile and Online Banking services, Telephone Transfer services), even if our account agreement calls for more than one person to act in conducting transactions on the accounts. You further understand that your transfer activity and access to the specified accounts will be governed by the terms of the East West Bank Deposit Agreement and, as applicable, any qualification requirements, agreements, terms and conditions specific to the electronic banking services used to access the accounts, including this Agreement. b. You confirm that you have the right and authority, under the resolutions and documents of each of the specified accounts, to access account information and make transfers among the accounts. c. You accept any financial liability resulting from the commingling and/or movement of funds to and from the specified accounts. This liability includes, but is not limited to, controlling and allocating the funds to the correct recipient account, business subsidiary or affiliate, and any related tax or other financial liability. d. You agree to indemnify, defend and hold East West Bank harmless from any claims, damages, liabilities or costs (including attorney fees) arising from or related to the access, commingling and/or movement of funds to and from the specified accounts and other services authorized by the Account Access and Transfer Commingling Authorization. You acknowledge and agree that this authorization shall not affect the right of East West Bank to exercise its right of set off and banker’s lien or other rights with respect to any funds in any account. e. To cancel an Account Access and Transfer Commingling Authorization you must contact East West Bank customer service. The Bank will have a reasonable time (no longer than 30 days) to act upon your cancellation request. East West Bank may, at our discretion, cancel or suspend an Account Access and Transfer Commingling Authorization for one or more accounts, at any time, without prior notice.

Account Access and Transfer Commingling Authorization. From time-to-time, Business Online Banking Service users may be presented with the option to submit an Account Access and Transfer Commingling Authorization request to enable the ability to transfer funds and share information between specified deposit accounts. By submitting an Account Access and Transfer Commingling Authorization to the Bank through our Business Online Banking Service: a. You understand and agree that any authorized signer or agent acting in an authorized capacity on any of the deposit accounts enabled for the service will be authorized to access account information (including balance and transaction details) and make transfers among the accounts using our applicable electronic banking services (i.e., Mobile and Online Banking services, Telephone Transfer services), even if our account agreement calls for more than one person to act in conducting transactions on the accounts. You further understand that your transfer activity and access to the specified accounts will be governed by the terms of the East West Bank Deposit Agreement and, as applicable, any qualification requirements, agreements, terms and conditions specific to the electronic banking services used to access the accounts, including this Agreement. b. You confirm that you have the right and authority, under the resolutions and documents of each of the specified accounts, to access account information and make transfers among the accounts. c. You accept any financial liability resulting from the commingling and/or movement of funds to and from the specified accounts. This liability includes, but is not limited to, controlling and allocating the funds to the correct recipient account, business subsidiary or affiliate, and any related tax or other financial liability. d. You agree to indemnify, defend and hold East West Bank harmless from any claims, damages, liabilities or costs (including attorney fees) arising from or related to the access, commingling and/or movement of funds to and from the specified accounts and other services authorized by the Account Access and Transfer Commingling Authorization. You acknowledge and agree that this authorization shall not affect the right of East West Bank to exercise its right of set off and banker’s lien or other rights with respect to any funds in any account. e. To cancel an Account Access and Transfer Commingling Authorization you must contact East West Bank customer service. The Bank will have a reasonable time (no longer than 30 days) to act upon your cancellation request. East West Bank may, at our discretion, cancel or suspend an Account Access and Transfer Commingling Authorization for one or more accounts, at any time, without prior notice.

Account Access and Transfer Commingling Authorization. From time-to-time, Business Online Banking Service users may be presented with the option to submit an Account Access and Transfer Commingling Authorization request to enable the ability to transfer funds and share information between specified deposit accounts. By submitting an Account Access and Transfer Commingling Authorization to the Bank through our Business Online Banking Service: a. You understand and agree that any authorized signer or agent acting in an authorized capacity on any of the deposit accounts enabled for the service will be authorized to access account information (including balance and transaction details) and make transfers among the accounts using our applicable electronic banking services (i.e., Mobile and Online Banking services, Telephone Transfer services), even if our account agreement calls for more than one person to act in conducting transactions on the accounts. You further understand that your transfer activity and access to the specified accounts will be governed by the terms of the East West Bank Deposit Agreement and, as applicable, any qualification requirements, agreements, terms and conditions specific to the electronic banking services used to access the accounts, including this Agreement. b. You confirm that you have the right and authority, under the resolutions and documents of each of the specified accounts, to access account information and make transfers among the accounts. c. You accept any financial liability resulting from the commingling and/or movement of funds to and from the specified accounts. This liability includes, but is not limited to, controlling and allocating the funds to the correct recipient account, business subsidiary or affiliate, and any related tax or other financial liability. d. You agree to indemnify, defend and hold East West Bank harmless from any claims, damages, liabilities or costs (including attorney fees) arising from or related to the access, commingling and/or movement of funds to and from the specified accounts and other services authorized by the Account Access and Transfer Commingling Authorization. You acknowledge and agree that this authorization shall not affect the right of East West Bank to exercise its right of set off and banker’s lien or other rights with respect to any funds in any account. e. To cancel an Account Access and Transfer Commingling Authorization you must contact East West Bank customer service. The Bank will have a reasonable time (no longer than 30 days) to act upon your cancellation request. East West Bank may, at our discretion, cancel or suspend an Account Access and Transfer Commingling Authorization for one or more accounts, at any time, without prior notice.

Account Access and Transfer Commingling Authorization. From time-to-time, Business Online Banking Service users may be presented with the option to submit an Account Access and Transfer Commingling Authorization request to enable the ability to transfer funds and share information between specified deposit accounts. By submitting an Account Access and Transfer Commingling Authorization to the Bank through our Business Online Banking Service: a. You understand and agree that any authorized signer or agent acting in an authorized capacity on any of the deposit accounts enabled for the service will be authorized to access account information (including balance and transaction details) and make transfers among the accounts using our applicable electronic banking services (i.e., Mobile and Online Banking services, Telephone Transfer services), even if our account agreement calls for more than one person to act in conducting transactions on the accounts. You further understand that your transfer activity and access to the specified accounts will be governed by the terms of the East West Bank Deposit Agreement and, as applicable, any qualification requirements, agreements, terms and conditions specific to the electronic banking services used to access the accounts, including this Agreement. b. You confirm that you have the right and authority, under the resolutions and documents of each of the specified accounts, to access account information and make transfers among the accounts. c. You accept any financial liability resulting from the commingling and/or movement of funds to and from the specified accounts. This liability includes, but is not limited to, controlling and allocating the funds to the correct recipient account, business subsidiary or affiliate, and any related tax or other financial liability. d. You agree to indemnify, defend and hold East West Bank harmless from any claims, damages, liabilities or costs (including attorney fees) arising from or related to the access, commingling and/or movement of funds to and from the specified accounts and other services authorized by the Account Access and Transfer Commingling Authorization. You acknowledge and agree that this authorization shall not affect the right of East West Bank to exercise its right of set off and banker’s lien or other rights with respect to any funds in any account.set e. To cancel an Account Access and Transfer Commingling Authorization you must contact East West Bank customer service. The Bank will have a reasonable time (no longer than 30 days) to act upon your cancellation request. East West Bank may, at our discretion, cancel or suspend an Account Access and Transfer Commingling Authorization for one or more accounts, at any time, without prior notice.