General Customer Representations and Warranties. Customer represents and warrants that with respect to each and every set of Instructions initiated by Customer: (i) the person or entity whose account is to be debited has authorized such debiting and such authorization is operative at the time of such debiting; (ii) the individual as identified by User ID and Passcode that is associated with the Wire Transmit action submitting the Instruction to AB&T is duly authorized as such by Customer’s necessary parties (e.g., the board of directors in the case of a corporation); (iii) Customer has used commercially reasonable procedures to verify all information contained in an Instruction; and (iv) Customer shall perform its obligations under Appendix D of this Agreement in accordance with and shall not transmit or deliver Instructions unless they comply with all applicable laws, regulations and requirements, including but not limited to applicable rules as set forth in Section 9 hereof.
Appears in 5 contracts
Samples: Banking Agreement, Business Electronic Banking, Banking Agreement
