Administrator and User(s) and Account Designations Sample Clauses

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. b. An Administrator will, among other things, have the authority to: i. Establish additional Administrators and Users (who may or may not be authorized signers on an Account) or employees or agents of Company) establish User rights and/or limits and remove existing Users. ii. Determine what XXX entitlements will be granted to Users, when to change passwords and Security Devices, and any limitations on the use of the Services by individual Users. c. Company is solely responsible for monitoring the Primary Administrator and Users to whom Primary Administrator grants access and authority including but not limited to other Administrators. At the time of Company’s initial setup, the Primary Administrator is granted full access and authority, without limitation, to all Accounts and Services entitled under Company’s Profile and is solely responsible for User administration for that Profile. d. Bank is generally only involved in Administrator setup at the time of Company’s initial enrollment; any subsequent changes or modifications to those Administrators must be done by Primary Administrator. Every Administrator has the ability to self-administer his or her User entitlements. Bank will not nor does it have any obligation to control, monitor, or otherwise oversee the Administrator function or User entitlements and/or access, regardless of whether Bank assisted Company in establishing either; therefore, Company should use extreme caution when selecting and authorizing the individual to serve as its Primary Administrator. e. Company agrees to all action taken by the Administrator, or any User designated or authorized by the Administrator, and all suc...