Common use of Deviating from Security Procedures Clause in Contracts

Deviating from Security Procedures. You agree to allow us to authorize any financial institution at which you have an Account to accept instructions in accordance with any authorization procedures as may be agreed from time to time between you and such financial institution, or between us, on your behalf, and such financial institution, without verifying the instructions under the established security procedures, regardless of whether such security procedures were agreed by you directly or by us on your behalf. In addition, you agree that we may authorize such financial institutions to release your Account information based solely on these communications.

Appears in 14 contracts

Samples: Coast Eplan, Explanation of Certain Terms:, www.auburnstatebank.com

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Deviating from Security Procedures. You agree to allow us to authorize any financial institution at which you have an Account to accept funds and transfer instructions in accordance with any authorization procedures as may be agreed from time to time between you and such financial institution, or between us, on your behalf, and such financial institution, without verifying the instructions under the established security procedures, regardless of whether such security procedures were agreed by you directly or by us on your behalf. In addition, addition you agree that we may authorize such financial institutions to release charge and debit your Account information Accounts based solely on these communicationssuch instructions.

Appears in 5 contracts

Samples: Payments Agreement, Bankwell’s Funds Transfer and Popmoney Agreement, Funds Transfer and Popmoney Agreement

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