ADDITIONAL TERMS APPLICABLE ONLY TO THE PTPP SERVICE FOR BUSINESS ACCOUNTS Sample Clauses

ADDITIONAL TERMS APPLICABLE ONLY TO THE PTPP SERVICE FOR BUSINESS ACCOUNTS. Pacific Crest Person to Person Liability - for Unauthorized Transfers for Pacific Crest Business Deposit Accounts Only You are responsible for all transfers that are authorized using your Password to access the Pacific Crest PTPP Service. If you permit other persons to use the PTPP Service or your Password, you are responsible for any transactions they authorize. NOTE: ACCOUNT ACCESS THROUGH THE PACIFIC CREST PERSON TO PERSON SERVICE IS SEPARATE AND DISTINCT FROM YOUR EXISTING SIGNATURE ARRANGEMENTS FOR YOUR ACCOUNTS. THEREFORE, WHEN YOU GIVE AN INDIVIDUAL THE AUTHORITY TO ACCESS ACCOUNTS THROUGH THE PACIFIC CREST PERSON TO PERSON SERVICE THAT INDIVIDUAL MAY HAVE ACCESS TO ONE OR MORE ACCOUNTS TO WHICH THAT INDIVIDUAL WOULD NOT OTHERWISE HAVE SIGNATURE ACCESS. YOU ASSUME THE ENTIRE RISK FOR THE FRAUDULENT, UNAUTHORIZED OR OTHERWISE IMPROPER USE OF YOUR PASSWORD. WE SHALL BE ENTITLED TO RELY ON THE GENUINENESS AND AUTHORITY OF ALL INSTRUCTIONS RECEIVED BY US WHEN ACCOMPANIED BY SUCH PASSWORD, AND TO ACT ON SUCH INSTRUCTIONS. We shall have no liability to you for any errors or losses you sustain in using the PTPP Service except where we fail to exercise ordinary care in processing any transaction. We shall also not be liable for any failure to provide any service if the account(s) involved is no longer linked for the PTPP Service. Our liability in any case shall be limited to the amount of any funds improperly transferred from your Pay From Account less any amount which, even with the exercise of ordinary care, would have been lost. Without regard to care or lack of care of either you or us, a failure to report to us any unauthorized transfer or error from any of your Pacific Crest Accounts within thirty (30) days of our providing or making available to you a bank statement showing such unauthorized transfer or error shall relieve us of any liability for any losses sustained after the expiration of such thirty- day period and you shall thereafter be precluded from asserting any such claim or error.
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Related to ADDITIONAL TERMS APPLICABLE ONLY TO THE PTPP SERVICE FOR BUSINESS ACCOUNTS

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