Authorized Administrator Role within the Card Program Sample Clauses

Authorized Administrator Role within the Card Program. Organization agrees that each Authorized Administrator designated by the Organization is hereby empowered to exercise full control over the Organization’s Card Program including each and every Master Account, Related Account, and Card. The permissions and powers of an Authorized Administrator include all rights belonging to the Organization with respect to the Card Program including but not limited to the rights (in any manner that each Authorized Administrator may in his or her absolute discretion see fit) to manage, control, operate, modify, access, and close the Card Program; these rights expressly convey to each and every Master Account, Related Account, Card, and Transaction within the Card Program. An Authorized Administrator can add, remove, or modify Authorized Users and their respective roles, permissions, designations, authorities, and entitlements within the Card Program. For each Virtual Card and Physical Card (including Descriptive Title Cards (further defined below)), an Authorized Administrator must either: 1) be the Authorized User of record or 2) designate the Authorized User(s) of that Card. Organization understands that Authorized Administrators and Authorized Users (with the express approval of or as duly designated that authority by an Authorized Administrator) can submit a payment request to either the Bank or a third party through the Card Program that withdraws or transfers money from demand deposit accounts associated with the Organization. All such payment request submissions (regardless of the form in which that request takes place) will be considered an action taken by and made with the Organization’s full awareness and authority. The identification/designation (including any revocation of that designation) of Authorized Administrator(s) is established by the Organization through the actions of either: 1) an Authorized Representative, or 2) another Authorized Administrator. Organization represents and warrants that all such designations of Authorized Administrators are duly authorized by the Organization and, further, that Bank may entirely rely upon such designations. Until Bank has received from Organization written notification to the contrary and has been afforded a reasonable opportunity to act thereon, Bank may rely upon any instruction, decision, designation of authority, or information that Bank, in its sole reasonable discretion, believes to emanate from Organization’s Authorized Administrator, regardless of whether it ...