Administrator and User(s) and Account Designations. To utilize Business Online Banking, Company must appoint at least one individual to act as an Administrator with the authority to determine who will be authorized to use the Business Online Banking Services on Company’s behalf. The Administrator will be able to, among other things, designate Users, establish User rights and/or limits, and remove existing Users. The Administrator will also determine what Business Online Banking Services will be available to particular Users, when to change passwords, and any limitations on the use of the Services by individual Users. Bank will not control or oversee the Administrator function. Company agrees to all action taken by the Administrator or any User designated or authorized by the Administrator, and all such persons are Company’s agents for purposes of use of Business Online Banking Services, each authorized to act individually or in concert. The fact that Bank is, or may be made aware of, or could have discovered, any limitation on access to Business Online Banking does not make Bank obligated to enforce or attempt to enforce any limitation. Company understands that the Administrator and each User may utilize Business Online Banking (including inquiries, transfers and account verification) without regard to any restrictions otherwise applicable to an Account. For example, the Administrator and each User will be able to utilize Business Online Banking regardless of whether they are also authorized signers on the applicable Account’s signature card.
Administrator and User(s) and Account Designations a. To use BOB, Company must appoint at least one individual to act as the Primary Administrator with the authority to determine who will be authorized to use the BOB on Company’s behalf. COMPANY SHOULD REVIEW THIS SECTION CAREFULLY BEFORE SELECTING WHO WILL SERVE AS ITS ADMINISTRATOR(S), AS THESE INDIVIDUALS ARE GRANTED UNRESTRICTED AUTHORITY ON BEHALF OF THE COMPANY WITH RESPECT TO COMPANY’S XXX PROFILE, THE SERVICES SELECTED, AND THE USERS AND THE ENTITLEMENTS OF EACH USER ASSOCIATED WITH THAT XXX PROFILE. COMPANY ACKNOWLEDGES AND UNDERSTANDS THAT USERS ARE NOT REQUIRED TO BE AUTHORIZED SIGNERS ON COMPANY’S ACCOUNT(S) IN ORDER TO BE A USER IN BUSINESS ONLINE BANKING AND AGREES TO ACCEPT RESPONSIBILITY FOR ALL TRANSACTIONS AUTHORIZED BY SUCH USERS AS IT WOULD FOR THOSE INITIATED AND/OR AUTHORIZED BY AUTHORIZED SIGNERS.
