Authorized Persons Only Clause Samples
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Authorized Persons Only. The Customer represents, warrants, covenants, and agrees that each of the Services and Security Devices will only be used by Persons properly authorized on its behalf for such purpose. Unless otherwise specified in an Authorization Form, the Customer represents, warrants, covenants, and agrees that each such Person: (i) has the power and authority to exercise all rights, powers, and authorities in connection with this Agreement and each of the Services, including to incur liabilities and obligations and otherwise conduct and transact any business whatsoever on the Customer’s behalf, and to delegate any of these rights, powers, and authorities to any other Person; (ii) may be provided Security Devices and other Service Materials; and (iii) will comply with this Agreement and any other Document relating to the Services. The Customer is responsible, and will indemnify and hold harmless Royal Bank and its Representatives, for all Losses arising out of, or incidental to, the use, including any unauthorized use, of the Services or Service Materials by each such Person, including all actions or omissions of the Person. The Customer further confirms that each Person who exercises or delegates any rights, powers, or authorities for the Services through an Electronic Channel is authorized to do so, including acting alone if required for a Service, notwithstanding anything to the contrary which may be specified in an Authorization Form. The Customer will provide Royal Bank with at least thirty (30) days’ prior written notice of any change to a Person or a Person’s authority specified in an Authorization Form. The change will only be effective once it is implemented by Royal Bank. Royal Bank may, in its discretion, with or without prior notice, accept, reject, or terminate any Person’s use of a Service or Document at any time.
Authorized Persons Only. You represent, warrant, covenant and agree that only you or Authorized Signatories will use your Account and any other banking services associated with it and such use will be on your behalf and not on behalf of any other Person. You represent and warrant that you, your Authorized Signatories and any Person you authorize to use your Account: (a) has the power and authority to exercise all rights, powers and authorities in connection with this Agreement and your Account, including to incur liabilities and obligations and otherwise conduct and transact any business whatsoever on your behalf and to delegate any of these rights, powers and authorities to any other person; (b) will comply with this Agreement and Applicable Laws; and (c) will not use the account or any other Services for any illegal, immoral, fraudulent, misrepresentative or improper purposes. You are responsible and agree to indemnify and hold harmless DCBank and its Representatives for Losses whether directly or indirectly incurred, sustained or suffered by us or you in connection with the use (including any unauthorized use) of the Account.
Authorized Persons Only. (i) The Customer represents, warrants and covenants the following with respect to Authorized Persons (as defined below):
(a) Each of the Services and Service Materials will only be used by Persons authorized on its behalf for such purpose (“Authorized Persons”) and all necessary actions have been taken by the Customer in connection with such authorizations;
(b) Each Authorized Person: (1) has the power and authority to exercise all rights, powers and authorities in connection with this Agreement and each of the Services, including to incur liabilities and obligations and otherwise conduct and transact any business whatsoever on the Customer’s behalf, and to delegate any of these rights, powers and authorities to any other Person; (2) may be provided Service Materials; and (3) will comply with this Agreement and any other Document relating to the Services; and
(c) Authorized Persons and their delegates possess the necessary signing authority and power to bind the Customer;
(ii) The Customer further confirms that each Authorized Person who exercises or delegates any rights, powers or authorities for the Services or Service Materials through an Electronic Channel is authorized to do so, including acting alone if required for a Service, notwithstanding anything to the contrary which may be specified in an Authorization Form. The Customer will provide Royal Bank with at least thirty (30) days’ prior written notice of any change to a Person or a Person’s authority specified in an Authorization Form.
(iii) The Customer will provide Royal Bank with prior notice in accordance with this Section of any Authorized Person it has appointed as an agent, service provider, security coordinator, sponsor or administrator in connection with a Service, and with prior notice of any necessary changes to such appointment. Each notice must include the name and contact information for the Authorized Person, and must be in form and substance satisfactory to Royal Bank. The Customer will provide Royal Bank any other Document requested by Royal Bank in connection with the foregoing, in form and substance satisfactory to Royal Bank, including, where the Customer wishes to appoint an agent/third party service provider, an agreement in the form attached hereto as Schedule 5 (Agent/Third Party Service Provider) executed by the Customer.
(iv) Royal Bank has the discretion to accept, limit, reject or terminate any Person’s appointment at any time. The appointment of a Person or any change t...
Authorized Persons Only. Ensure that only authorized persons process such Personal Data and that such persons are required to maintain the confidentiality of such Personal Data, and