Common use of DESIGNATION OF ADMINISTRATOR Clause in Contracts

DESIGNATION OF ADMINISTRATOR. Company must designate at least one Administrator. Administrator(s) shall be responsible for designating “Users” who Company authorizes to utilize the Positive Pay service on its behalf. For the purposes of this Service Agreement, the term User shall also include the Administrator. The Bank shall be entitled to rely on the designations made by the Company’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 Company’s banking resolutions. Company agrees that any such online Entries shall comply with Bank’s Security Procedures, which are subject to change without notice to Company. Although Bank is only required to act upon the instructions of the Users(s), the Bank may, in its sole discretion, execute debit or credit Entries initiated by any individuals authorized by Company to sign checks on Company accounts. The signature cards establishing the authorized signatories for Company 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.

DESIGNATION OF ADMINISTRATOR. Company must designate at least one Administrator. Administrator(s) shall be responsible for designating “Users” who Company authorizes to utilize the Positive Pay Wire Transfer service on its behalf. For the purposes of this Service Agreement, the term User shall also include the Administrator. The Bank shall be entitled to rely on the designations made by the Company’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 Company’s banking resolutions. Company agrees that any such online Entries shall comply with Bank’s Security Procedures, which are subject to change without notice to Company. Although Bank is only required to act upon the instructions of the Users(s), the Bank may, in its sole discretion, execute debit or credit Entries initiated by any individuals authorized by Company to sign checks on Company accounts. The signature cards establishing the authorized signatories for Company 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.

DESIGNATION OF ADMINISTRATOR. In order to originate ACH Entries, Company must designate at least one Administrator. Administrator(s) shall be responsible for designating “Users” who Company authorizes to utilize the Positive Pay service issue Entries on its behalf. For the purposes of this Service Agreement, the term User shall also include the Administrator. The Bank shall be entitled to rely on the designations made by the Company’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 Company’s banking resolutions. Company agrees that any such online Entries shall comply with Bank’s Security Procedures, which are subject to change without notice to Company. Although Bank is only required to act upon the instructions of the Users(s), the Bank may, in its sole discretion, execute debit or credit Entries initiated by any individuals authorized by Company to sign checks on Company accounts. The signature cards establishing the authorized signatories for Company 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.