Common use of Compliance with Security Procedures Clause in Contracts

Compliance with Security Procedures. Subject to applicable law and regulations, if an Entry (or a request for cancellation or amendment of an Entry) received by the Credit Union purports to have been transmitted or authorized by me, it will be deemed effective as my Entry (or request) and I shall be obligated to pay the Credit Union or other applicable financial institution the amount of such Entry even though the Entry (or request) was not authorized by me, provided Credit Union accepted the Entry in good faith and acted in compliance with the security procedures previously described with respect to such Entry. If an Entry (or request for cancellation or amendment of an Entry) received by the Credit Union was transmitted or authorized by me, I shall pay the Credit Union or other applicable financial institution the amount of the Entry, whether or not the Credit Union complied with the security procedures previously described with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if the Credit Union had complied with such security procedure.

Compliance with Security Procedures. Subject to applicable law and regulations, if If an Entry (or a request for cancellation or amendment of an Entry) received by the Credit Union Bank purports to have been transmitted or authorized by meCustomer, it will be deemed effective as my Customer's Entry (or request) and I Customer shall be obligated to pay the Credit Union or other applicable financial institution Bank the amount of such Entry even though the Entry (or request) was not authorized by meCustomer, provided Credit Union the Bank accepted the Entry in good faith and acted in compliance with the security procedures previously described Security Procedures referred to in this Agreement or in the Appendix with respect to such Entry. If an Entry (or request for cancellation or amendment of an Entry) received by the Credit Union Bank was transmitted or authorized by meCustomer, I Customer shall pay the Credit Union or other applicable financial institution Bank the amount of the Entry, whether or not the Credit Union Bank complied with the security procedures previously described Security Procedure referred to in Schedule A and Schedule D with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if the Credit Union Bank had complied with such security procedureprocedures.

Compliance with Security Procedures. Subject to applicable law and regulations, if If an Entry (or a request for cancellation or amendment of an Entry) received by the Credit Union Bank purports to have been transmitted or authorized by meCustomer, it will be deemed effective as my Customer's Entry (or request) and I Customer shall be obligated to pay the Credit Union or other applicable financial institution Bank the amount of such Entry even though the Entry (or request) was not authorized by meCustomer, provided Credit Union the Bank accepted the Entry in good faith and acted in compliance with the security procedures previously described Security Procedures referred to in this Agreement or in the Appendix with respect to such Entry. If an Entry (or request for cancellation or amendment of an Entry) received by the Credit Union Bank was transmitted or authorized by meCustomer, I Customer shall pay the Credit Union or other applicable financial institution Bank the amount of the Entry, whether or not the Credit Union Bank complied with the security procedures previously described Security Procedure referred to in Schedule A and Schedule D with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if the Credit Union Bank had complied with such security procedureprocedures. Bank Contact for Security Procedures Until Customer is notified otherwise by the Bank, the Bank's ACH Contact for purposes of the Security Procedures is Deposit Operations, toll free 877.679.9646.