Common use of Authority to Withdraw Clause in Contracts

Authority to Withdraw. If a Signing Authority (as listed on the Application) has been given the authority to withdraw money, they have the authority to do the following: (a) to make, sign, draw, accept, negotiate, endorse, execute and deliver all or any cheques, promissory notes, drafts, acceptances, bills of exchange, orders for the payment of money and, generally, all instruments and documents, whether negotiable or not, for the purpose of binding or obligating you to ATB Financial or as required by ATB Financial or as may relate in any way in connection with the Account or any borrowings or advances by way of overdraft or otherwise.

Authority to Withdraw. If a Signing Authority (as listed on the Application) has been given the authority to withdraw money, they have the authority to do the following: (a) a. to make, sign, draw, accept, negotiate, endorse, execute and deliver all or any cheques, promissory notes, drafts, acceptances, bills of exchange, orders for the payment of money and, generally, all instruments and documents, whether negotiable or not, for the purpose of binding or obligating you to ATB Financial or as required by ATB Financial or as may relate in any way in connection with the Account or any borrowings or advances by way of overdraft or otherwise.