Common use of Authorized Persons Using the Account Clause in Contracts

Authorized Persons Using the Account. By submitting an Account Application for a Business Account, the individual(s) signing the Account Application represent that they are authorized to do so either as an officer or agent of the Customer and that they have the necessary approvals and authority to bind the Customer to the Account Agreement. By submitting an Account Application or an Individual Account, the individual signing the Account Application represents that he or she has the capacity to enter into an enforceable agreement and consents to be bound by the Account Agreement. Only Authorized Users who have been authorized by the Customer in writing and approved by Moneycorp, and whose names appear in the Customer Account profile maintained by Moneycorp, are authorized to use and access the Account. You agree to notify us in writing of any changes in Authorized Users and provide the name, address, date of birth, taxpayer identification number and any other information that will allow us to identify such Authorized Users. New Authorized Users will not be permitted to conduct transactions on your Account until Moneycorp notifies you that the Authorized User’s Account access has been approved. You agree to notify us promptly if an Authorized User’s authorization is revoked or if an Authorized User dies or becomes legally incompetent or incapacitated, and Moneycorp shall have a reasonable amount of time to act on such notice.

Authorized Persons Using the Account. By submitting an Account Application for a Business Account, the individual(s) signing the Account Application represent that they are authorized to do so either as an officer or agent of the Customer and that they have the necessary approvals and authority to bind the Customer to the Account Agreement. By submitting an Account Application or for an Individual Account, the individual signing the Account Application represents that he or she has the capacity to enter into an enforceable a legally binding agreement and consents to be bound by the Account Agreement. Only Authorized Users who have been authorized by the Customer in writing and approved by Moneycorp, and whose names appear in the Customer Account profile maintained by Moneycorp, are authorized to use and access the Account. You agree to notify us in writing of any changes in Authorized Users and provide the name, address, date of birth, taxpayer identification number and any other information that will allow us to identify such Authorized Users. New Authorized Users will not be permitted to conduct transactions on your Account until Moneycorp notifies you that the Authorized User’s Account access has been approved. You agree to notify us promptly if an Authorized User’s authorization is revoked or if an Authorized User dies or becomes legally incompetent or incapacitated, and Moneycorp shall have a reasonable amount of time to act on such notice.