Common use of Authorized ACH Representative Clause in Contracts

Authorized ACH Representative. Customer’s designated contact(s) shall be considered Customer’s Authorized ACH Representative(s) for the management and administration of transactions to be performed under this Agreement and other matters related hereto. Customer shall be entitled to designate additional or replacement Authorized ACH Representatives and Bank shall be entitled to rely upon Customer’s designations in its performance hereunder. Any person whom Customer permits to have access to Confidential Information shall be presumed to be an Authorized ACH Representative. Bank from time to time may (without any obligation or duty to do so) require Customer to update the contact information to reflect current Authorized ACH Representative(s). Customer’s failure to promptly provide such information when requested by Bank may result in the immediate suspension of Customer’s ability to perform transactions hereunder. In any event, whether or not Bank has requested updated information, Customer agrees to notify Bank immediately in the event that the authority or identity of any Authorized ACH Representative should change.

Appears in 5 contracts

Samples: Hancock Whitney Bank, Master Agreement, Master Agreement

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Authorized ACH Representative. Customer’s designated contact(s) shall be considered Customer’s Authorized ACH Representative(s) for the management and administration of transactions to be performed under this Agreement and other matters related hereto. Customer shall be entitled to designate additional or replacement Authorized ACH Representatives and Bank shall be entitled to rely upon Customer’s designations in its performance hereunder. Any person whom Customer permits to have access to Confidential Information shall be presumed to be an Authorized ACH Representative. Bank from time to time may (without any obligation or duty to do so) require Customer to update the contact information to reflect current Authorized ACH Representative(s). Customer’s failure to promptly provide such information when requested by Bank may result in the immediate suspension of Customer’s ability to perform transactions hereunder. In any event, whether or not Bank has requested updated information, Customer agrees to notify Bank immediately in the event that the authority or identity of any Authorized ACH Representative should change. Customer’s Security Administrator shall set authorized ACH limits for each such Authorized ACH Representative.

Appears in 2 contracts

Samples: Hancock Whitney Bank, Hancock Whitney Bank

Authorized ACH Representative. Customer’s designated contact(s) shall be considered Customer’s Authorized ACH Representative(s) for the management and administration of transactions to be performed under this Agreement and other matters related hereto. Customer shall be entitled to designate additional or replacement Authorized ACH Representatives and Bank shall be entitled to rely upon Customer’s designations in its performance hereunder. Any person whom Customer permits to have access to Confidential Information shall be presumed to be an Authorized ACH Representative. Bank from time to time may (without any obligation or duty to do so) require Customer to update the contact information to reflect current Authorized ACH Representative(s). Customer’s failure to promptly provide such information when requested by Bank may result in the immediate suspension of Customer’s ability to perform transactions hereunder. In any event, whether or not Bank has requested updated information, Customer Xxxxxxxx agrees to notify Bank immediately in the event that the authority or identity of any Authorized ACH Representative should change. Customer’s Security Administrator shall set authorized ACH limits for each such Authorized ACH Representative.

Appears in 1 contract

Samples: Hancock Whitney Bank

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Authorized ACH Representative. Customer’s designated contact(s) shall be considered Customer’s Authorized ACH Representative(s) for the management and administration of transactions to be performed under this Agreement and other matters related hereto. Customer shall be entitled to designate additional or replacement Authorized ACH Representatives and Bank shall be entitled to rely upon Customer’s designations in its performance hereunder. Any person whom Customer permits to have access to Confidential Information shall be presumed to be an Authorized ACH Representative. Bank from time to time may (without any obligation or duty to do so) require Customer to update the contact information to reflect current Authorized ACH Representative(s). Customer’s failure to promptly provide such information when requested by Bank may result in the immediate suspension of Customer’s ability to perform transactions hereunder. In any event, whether or not Bank has requested updated information, Customer Xxxxxxxx agrees to notify Bank immediately in the event that the authority or identity of any Authorized ACH Representative should change.

Appears in 1 contract

Samples: Hancock Whitney Bank

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