Common use of Authority Over Accounts Clause in Contracts

Authority Over Accounts. With respect to each Eligible Account or External Account you use in connection with the Service, you represent and warrant (i) that you have full transactional authority over such account, (ii) that such account has no restrictions limiting such authority, (iii) that nothing prohibits or limits your making fund transfers to and from the such account in connection with the Service, and (v) that, if you are a joint owner of such account, (x) you have been authorized by all of the other joint owners to operate such account without their consent (including without limitation to withdraw or deposit any amount of funds to such account or to even withdraw all funds from such account) and (y) we may act on your instructions regarding such account without liability to such other joint owners (the “Authority Warranty”). You agree to indemnify us and hold us harmless from and against any and all liabilities, claims, and losses we incur as a result of the breach of your Authority Warranty, including, without limitation, any liabilities to any External Account Institution or to any third party with an interest in any Eligible Account or External Account. If we have any reason to believe that you have breached your Authority Warranty with respect to any Eligible Account or External Account, we may disqualify such account for some or all Service transactions.

Authority Over Accounts. With respect to each Eligible Account or External Account you use in connection with the Service, you represent and warrant (i) that you have full transactional authority over such account, (ii) that such account has no restrictions limiting such authority, (iii) that nothing prohibits or limits your making fund transfers to and from the fromthe such account in connection with the Service, and (v) that, if you are a joint owner of such account, (x) you have been authorized by all of the other joint owners to operate such account without their consent (including without limitation to withdraw or deposit any amount of funds to such account or to even withdraw all funds from such account) and (y) we may act on your instructions regarding such account without liability to such other joint owners (the “Authority Warranty”). You agree to indemnify us and hold us harmless from and against any and all liabilities, claims, and losses we incur as a result of the breach of your Authority Warranty, including, without limitation, any liabilities to any External Account Institution or to any third party with an interest in any Eligible Account or External Account. If we have any reason to believe that you have breached your Authority Warranty with respect to any Eligible Account or External Account, we may disqualify such account for some or all Service transactions.

Authority Over Accounts. With respect to each Eligible Account or External Account you use in connection with the Service, you represent and warrant (i) that you have full transactional authority over such account, (ii) that such account has no restrictions limiting such authority, (iii) that nothing prohibits or limits your making fund transfers to and from the fromthe such account in connection with the Service, and (v) that, if you are a joint owner of such account, (x) you have been authorized by all of the other joint owners to operate such account without their consent (including without limitation to withdraw or deposit any amount of funds to such account or to even withdraw all funds from such account) and (y) we may act on your instructions regarding such account without liability to such other joint owners (the “Authority Warranty”). You agree to indemnify us and hold us harmless from and against any and all liabilities, claims, and losses we incur as a result of the breach of your Authority Warranty, including, without limitation, any liabilities to any External Ex ternal Account Institution or to any third party with an interest in any Eligible Account or External Account. If we have any reason to believe that you have breached your Authority Warranty with respect to any Eligible Account or External Account, we may disqualify such account for some or all Service transactions.