AUTHORIZATION OF TRANSFERS. You authorize the Bank to make transfers of funds from time to time from any deposit or credit account upon instruction of any individual using a correct account name, account number, security code, confidential identification number, or other information the Bank has on file about you, your account or any other authorized signer on your account, and whether given orally, by telephone, in person, in writing, through an ATM, point-of-sale terminal, or any other method. Any such transfers may also be governed by separate agreement with the Bank pertaining to such services. You acknowledge that the Bank has no method to determine whether a transaction conducted with the use of a valid account name, account number security code or other information which the Bank has on file about you or your account was proper and therefore authorize the Bank to complete any such transaction in which the Bank receives such identifying information.
AUTHORIZATION OF TRANSFERS. The Chancellor or his/her designee shall assign all workers and authorize transfers.
AUTHORIZATION OF TRANSFERS. The Board of Directors shall conclusively determine whether to authorize the proposed Transfer, in its sole discretion and judgment, within five business days of receipt by the President of a Request and shall immediately cause the Exchanging Holder (or its designee) to be informed of such determination. The Board of Directors shall authorize a Transfer by the Exchanging Holder (or its designee), or to the Exchanging Holder (or its designee), if, in its sole discretion and judgment it determines that the Transfer will not (i) in the case of a Transfer which would occur on or prior to December 31, 2005, jeopardize the Company's preservation of its Federal income tax attrubutes pursuant to Section 382 of the Code, or (ii) in the case of a Transfer which would occur after December 31, 2005, be materially adverse to the interests of the Company (it being agreed that a proposed sale or other disposition of Common Stock at a premium to market or other similar transaction shall not in and of itself be deemed materially adverse to the interests of the Company).
