Binding Effect of Electronic Communications. Any electronic communication that the Bank receives from or in the name of the Customer, or which appears to be from or in the name of the Customer, regardless of whether or not the electronic communication was actually from or in the name of the Customer, will be considered to be duly authorized and binding upon the Customer and the Bank will be authorized to rely and act upon any such communication, even if the electronic communication differs in any way from any previous electronic communication sent to the Bank., In this connection: (i) the Bank will be entitled to rely upon any signature appearing on an electronic communication that purports to be a signature of the Customer or of a representative of the Customer as being authorized, valid and binding on the Customer even if the signature was not, in fact, signed by the Customer or its representative The customer recognizes that possession of a security device (including a security card, a security token or a password) by any person may result in that person having access to and being able to use the relevant means of electronic communication and that use of a security device (including a security card, a security token or password) in connection with any electronic communication will be deemed to be conclusive proof that the electronic communication was authorized by the Customer. The Customer agrees that any electronic communication between the Bank and the Customer shall be deemed to have been signed and/or delivered and to constitute a “ writing” for the purpose of any statute or rule of law that requires the terms of such communication or contract to be in writing or be assigned and/or delivered and expressly waives any right to raise any defence or waiver of liability based on the absence of a writing or of a signature. The Customer agrees that the Bank may provide any information, disclosure or notice to the Customer by electronic communication so long as such communication, if by computer or internet, can be received by the Customer
Binding Effect of Electronic Communications. Any electronic communication that Royal Bank receives from or in the name of the Customer will be considered to be duly authorized and binding upon the Customer and Royal Bank will be authorized to rely and act upon any such communication. In this connection, the Customer recognizes that possession of a security device (including a security card, a security code or a password) by any person may result in that person having access to and being able to use the relevant means of electronic communication. Further, the Customer acknowledges that use of a security device or security code ( including a security card, an identification number or password) in connection with a transaction will be conclusive proof that the transaction was authorized by the person to whom such security device or security code was assigned, unless and until the Customer has provided the branch of Royal Bank where the Customer's Account is maintained with written notice that such security device or security code (including a security card, an identification number or password) has been compromised. Royal Bank will be entitled to rely on any signature appearing on a f a c s i m i l e t r a n s m i s s i o n t h a t p u r p o r t s t o b e a s i g n a t u r e o f t h e Customer or of a representative of the Customer as authorized, valid and binding on the Customer, even if the signature was not, in fact, signed by the Customer or its representative. The Customer will keep the originals of all documents and instructions transmitted to Royal Bank by facsimile and will produce them to Royal Bank upon request. The Customer agrees that any electronic communication shall be deemed to constitute a "writing" for the purposes of any statute or rule of law that requires the terms of such communication to be in writing and expressly waives any right to raise any defence or waiver of liability based on the absence of a writing.
Binding Effect of Electronic Communications. Any electronic communication that Royal Bank receives from or in the name of the Customer will be considered to be duly authorized and binding upon the Customer and Royal Bank will be authorized to rely and act upon any such communication. In this connection, the Customer recognizes that possession of a security device (including a security card, a security code or a password) by any person may result in that person having access to and being able to use the relevant means of electronic communication. Further, the Customer acknowledges that use of a security device or security code ( including a security card, an identification number or password) in connection with a transaction will be conclusive proof that the transaction was authorized by the person to whom such security device or security code was assigned, unless and until the Customer has provided the branch of Royal Bank where the Customer's Account is maintained with written notice that such security device or security code ( including a security card, an identification number or password) has been compromised. Royal Bank will be entitled to rely on any signature appearing on a facsimile trans mission tha t pur ports to be a signature of the Customer or of a representative of the Customer as authorized, valid and binding on the Customer, even if the signature was not, in fact, signed by the Customer or its representative. The Customer will keep the originals of all documents and instructions transmitted to Royal Bank by facsimile and will produce them to Royal Bank upon request. The Customer agrees that any electronic communication shall be deemed to constitute a "writing" for the purposes of any statute or rule of law that requires the terms of such communication to be in writing and expressly waives any right to raise any defence or waiver of liability based on the absence of a writing.
