Common use of Distribution, Initialization and Return of Tokens Clause in Contracts

Distribution, Initialization and Return of Tokens. The Bank will physically deliver a Token to each Signatory in a manner to be determined by and satisfactory to the Bank. At the time of delivery of a Token to a Signatory, the Signatory will receive a copy of these Terms and Conditions of Use for purposes of initializing the Token. The Bank will verify that the Token, Temporary Password and Terms and Conditions of Use have been duly delivered to and received by the CC User. Promptly upon receipt of the Token and Terms and Conditions of Use, the Signatory will access CC using his/her account name and CC Password and register his/her Token and set a personal identification number (PIN) to be used in connection with the use of his/her Token, after which the Token will be initialized for use by the Signatory exclusively for purposes of delivering Applications. Upon initialization of the Token, the Signatory will be a “Token User”. The Bank will maintain in its database a user account (Account) for each Token User for purposes of managing the Token of the Token User. Neither the Borrower nor the Token User will have any access to the Account. Prior to first use of the Token by the Token User for delivering Applications, the Borrower shall ensure that the Token User has received training materials provided by the Bank in use of the Token. Tokens shall be promptly returned to the Bank upon request of the Bank.

Distribution, Initialization and Return of Tokens. The Bank will physically deliver a Token to each Signatory in a manner to be determined by and satisfactory to the Bank. At the time of delivery of a Token to a Signatory, the Signatory will receive a copy of these Terms and Conditions of Use for purposes of initializing the Token. The Bank will verify that the Token, Temporary Password and Terms and Conditions of Use have been duly delivered to and received by the CC User. Promptly upon receipt of the Token and Terms and Conditions of Use, the Signatory will access CC using his/her account name and CC Password and register his/her Token and set a personal identification number (“PIN”) to be used in connection with the use of his/her Token, after which the Token will be initialized for use by the Signatory exclusively for purposes of delivering Applications. Upon initialization of the Token, the Signatory will be a “Token User”. The Bank will maintain in its database a user account (“Account”) for each Token User for purposes of managing the Token of the Token User. Neither the Borrower Recipient nor the Token User will have any access to the Account. Prior to first use of the Token by the Token User for delivering Applications, the Borrower Recipient shall ensure that the Token User has received training materials provided by the Bank in use of the Token. Tokens shall be promptly returned to the Bank upon request of the Bank.