Common use of DESIGNATION OF ADMINISTRATOR Clause in Contracts

DESIGNATION OF ADMINISTRATOR. In order to originate ACH Entries, Third-Party Sender must designate at least one Administrator. Administrator(s) shall be responsible for designating “Users” who Third-Party Sender authorizes to issue Entries on its behalf. For the purposes of this Agreement, the term User shall also include the Administrator. The Financial Institution shall be entitled to rely on the designations made by the Third-Party Sender’s Administrator(s) and shall not be responsible for matching the names of the company Users designated by the Administrator(s) to names or titles listed in Third-Party Sender’s banking resolutions. Third-Party Sender agrees that any such online Entries shall comply with Financial Institution’s Security Procedures, which are subject to change without notice to Third-Party Sender. Although Financial Institution is only required to act upon the instructions of the User(s), the Financial Institution may, in its sole discretion, execute debit or credit Entries initiated by any individuals authorized by Third-Party Sender to sign checks on Third-Party Sender accounts. The signature cards establishing the authorized signatories for Third-Party Sender deposit accounts are hereby incorporated by reference and made a part hereof.

DESIGNATION OF ADMINISTRATOR. In order to originate ACH Entries, Third-Party Sender must designate at least one Administrator. Administrator(s) shall be responsible for designating “Users” who Third-Party Sender authorizes to issue Entries on its behalf. For the purposes of this Agreement, the term User "User” shall also include the Administrator. The Financial Institution Banc shall be entitled to rely on the designations made by the Third-Party Sender’s Administrator(s) and shall not be responsible for matching the names of the company Third-Party Sender Users designated by the Administrator(s) to names or titles listed in Third-Party Sender’s banking resolutions. Third-Party Sender agrees that any such online Entries shall comply with Financial InstitutionBanc’s Security Procedures, which are subject to change without notice to Third-Party Sender. Although Financial Institution Banc is only required to act upon the instructions of the User(sUsers(s), the Financial Institution Banc may, in its sole discretion, execute debit or credit Entries initiated by any individuals authorized by Third-Party Sender to sign checks on Third-Party Sender accounts. The signature cards establishing the authorized signatories for Third-Party Sender deposit accounts are hereby incorporated by reference and made a part hereof.

DESIGNATION OF ADMINISTRATOR. In accordance with the Online Banking Agreement, in order to originate ACH Entries, Third-Third- Party Sender must designate at least one Administrator. Administrator(s) shall be responsible for designating “Users” who Third-Party Sender authorizes to issue Entries on its behalf. For the purposes of this Agreement, the term User shall also include the Administrator. The Financial Institution Bank shall be entitled to rely on the designations made by the Third-Party Sender’s Administrator(s) and shall not be responsible for matching the names of the company Third-Party Sender Users designated by the Administrator(s) to names or titles listed in Third-Party Sender’s banking resolutions. Third-Party Sender agrees that any such online Entries shall comply with Financial InstitutionBank’s Security Procedures, which are subject to change without notice to Third-Party Sender. Although Financial Institution Bank is only required to act upon the instructions of the User(sUsers(s), the Financial Institution Bank may, in its sole discretion, execute debit or credit Entries initiated by any individuals authorized by Third-Party Sender to sign checks on Third-Party Sender accounts. The signature cards establishing the authorized signatories for Third-Party Sender deposit accounts are hereby incorporated by reference and made a part hereof. You agree to notify us immediately, according to notification procedures prescribed by us, if the authority of any Administrator shall change or be revoked.