Common use of Additional Customer Warranties Clause in Contracts

Additional Customer Warranties. In addition to any other representations and warranties under this Agreement, with respect to the Xxxxxx Express Service, Customer represents and warrants to Bank as follows: (a) for each Payment that is credited to Customer’s Settlement Account, Customer has obtained all authorizations from the Payer which are required by applicable law and such authorizations are still valid and have not been revoked by operation of law or otherwise; and (b) none of Customer’s Payers are a national of a designated blocked country or a “Specially Designated National,” “Blocked Entity, “ ”Specially Designated Terrorist,” ”Specially Designated Narcotics Trafficker,“ or “Foreign Terrorist Organization,“ as defined by the United States Treasury Department’s Office of Foreign Assets Control (OFAC), and Customer agrees to always practice reasonable diligence and control to ensure ongoing compliance with this warranty. Except as specifically enumerated herein, as between Bank and Customer, liabilities, fees, termination rights, and all other terms and conditions for the Service shall be governed by the Agreement.