Common use of Compliance with Security Procedures Clause in Contracts

Compliance with Security Procedures. If an Entry (or request for cancellation or amendment of an Entry) received by the Bank purports to have been transmitted or authorized by Customer, it will be deemed effective as Customer's Entry (or request) and Customer shall be obligated to pay the Bank the amount of such Entry even though the Entry (or request) was not authorized by Customer, provided the Bank accepted the Entry in good faith and acted in compliance with the 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 Bank was transmitted or authorized by Customer, Customer shall pay Bank the amount of the Entry, whether or not Bank complied with the 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 Bank had complied with such procedures.

Compliance with Security Procedures. a) If an Entry a Request (or request a Request for cancellation or amendment of an Entrya Wire Transfer) received by the Bank purports to have been transmitted or authorized by CustomerClient, it will be deemed effective as Customer's Entry (or request) Client’s Request and Customer Client shall be obligated to pay the Bank the amount of such Entry Wire Transfer even though the Entry (or request) Request was not authorized by CustomerClient, provided the Bank accepted the Entry Request in good faith and acted in compliance with the Security Procedures referred to in this Agreement or in the Appendix with respect to such EntryRequest. If an Entry signature comparison is to be used as part of those Security Procedures, Bank shall be deemed to have complied with that part of such procedures if it compares the signature accompanying a Request (or request Request for cancellation or amendment of a Wire Transfer) received with the signature of an EntryUser and, on the basis of such comparison, believes the signature of Client sending such file to be that of the User. b) If a Request (or Request for cancellation or amendment of a Wire Transfer) received by the Bank was transmitted by Client or authorized by Customera designated User, Customer Client shall pay Bank the amount of the EntryWire Transfer, whether or not Bank complied with the Security Procedure referred to in Schedule A and Schedule D Procedures with respect to that Entry Request and whether or not that Entry Request was erroneous in any respect or that error would have been detected if Bank had complied with such procedures.

Compliance with Security Procedures. If an Entry (or request for cancellation or amendment of an Entry) received by the Bank purports to have been transmitted or authorized by Customer, it will be deemed effective as Customer's Entry (or request) and Customer shall be obligated to pay the Bank the amount of such Entry even though the Entry (or request) was not authorized by Customer, provided the Bank accepted the Entry in good faith and acted in compliance with the 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 Bank was transmitted or authorized by Customer, Customer shall pay Bank the amount of the Entry, whether or not Bank complied with the 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 Bank had complied with such 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.

Compliance with Security Procedures. (a) If an Entry (or a request for cancellation or amendment of an Entry) received by the Bank purports to have been transmitted or authorized by Customer, it will be deemed effective as Customer's ’s Entry (or request) and Customer shall be obligated to pay the Bank the amount of such Entry even though the Entry (or request) was not authorized by Customer, provided the Bank accepted the Entry in good faith and acted in compliance with the Security Procedures security procedures referred to in this Agreement or in the Appendix Schedules ACH-1 and ACH-2 with respect to such Entry. entry. (b) If an Entry (or request for cancellation or amendment of an Entry) received by the Bank was transmitted or authorized by Customer, Customer shall pay Bank the amount of the Entry, whether or not Bank complied with the Security Procedure security procedures referred to in Schedule A Schedules ACH-1 and Schedule D ACH-2 with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if Bank had complied with such procedures.

Compliance with Security Procedures. 7.1 If an Entry (or a request for cancellation or amendment of an Entry) received by the Bank purports to have been transmitted or authorized by Customer, it will be deemed effective as Customer's ’s Entry (or request) ), and Customer shall be obligated to pay the Bank the amount of such Entry (or request) even though the Entry (or request) was not authorized by Customer, provided the Bank accepted the Entry in good faith and acted in compliance with the Security Procedures. To the extent that signature comparison is to be used as part of any applicable Security Procedures, Bank shall be deemed to have complied with that part of such Security Procedures referred if it compares the signature accompanying a file of Entries (or request) with the signature of an Authorized Representative of Customer and, on the basis of such comparison, believes the signature to in this Agreement or in the Appendix with respect to be that of such Entry. Authorized Representative. 7.2 If an Entry (or a request for cancellation or amendment of an Entry) received by the Bank was transmitted or authorized by Customer, Customer shall be obligated to pay Bank the amount of the EntryEntry as provided herein, whether or not Bank complied with the Security Procedure referred to in Schedule A and Schedule D with respect to that Entry Procedures and whether or not that Entry was erroneous in any respect or that error would have been detected if Bank had complied with such proceduresthe Security Procedures.