Common use of Compliance with Security Procedure Clause in Contracts

Compliance with Security Procedure. (a) If an Entry (or a request for cancellation of an Entry) received by Bank purports to have been transmitted or authorized by Company, it will be deemed effective as Company’s Entry (or request) and Company shall be obligated to pay Bank the amount of such Entry as provided herein even though the Entry (or request) was not authorized by Company, provided Bank acted in compliance with the security procedure referred to in Schedule B to this Exhibit with respect to such entry. If signature comparison is to be used as a part of that security procedure, Bank shall be deemed to have complied with that part of such procedure if it compares the signature accompanying a file of Entries (or request for cancellation of an Entry) received with the signature of an authorized representative of Company as set forth in Schedule D to this Exhibit (an “Authorized Representative”) and, on the basis of such comparison, believes the signature accompanying such file to be that of such authorized representative.

Compliance with Security Procedure. (a) If an Entry (or a request for cancellation or amendment of an Entry) received by Bank purports to have been transmitted or authorized by Company, it will be deemed effective as Company’s Entry (or request) and Company shall be obligated to pay Bank the amount of such Entry as provided herein even though the Entry (or request) was not authorized by Company, provided Bank acted accepted the Entry in compliance good faith and whether or not the Bank complied with the security procedure referred to in Schedule B to this Exhibit C with respect to such entryEntry. If signature comparison is to be used as a part of that security procedure, Bank shall be deemed to have complied with that part of such procedure if it compares the signature accompanying a file of Entries (or request for cancellation or amendment of an Entry) received with the signature of an authorized representative of Company as set forth in Schedule D to this Exhibit (an “Authorized Representative” or “Authorized Agent”) and, on the basis of such comparison, believes the signature accompanying such file to be that of such authorized representativeAuthorized Representative.

Compliance with Security Procedure. (a) If an Entry entry (or a request for cancellation or amendment of an Entryentry) received by Bank financial institution purports to have been transmitted or authorized by Companycompany, it will be deemed effective as Companycompany’s Entry entry (or request) and Company company shall be obligated to pay Bank financial institution the amount of such Entry as provided herein entry even though the Entry entry (or request) was not authorized by Companycompany, provided Bank financial institution accepted the entry in good faith and acted in compliance with the security procedure referred to in Schedule B to this Exhibit Attachment 2 with respect to such entry. If signature comparison is to be used as a part of that security procedure, Bank financial institution shall be deemed to have complied with that part of such procedure if it compares the signature accompanying a file of Entries entries (or request for cancellation or amendment of an Entryentry) received with the signature of an authorized representative of Company as set forth in Schedule D to this Exhibit company (an “Authorized Representative”) and, on the basis of such comparison, believes the signature accompanying such file to be that of such authorized representative.