Common use of Internal Controls; Lost Checks or Devices Clause in Contracts

Internal Controls; Lost Checks or Devices. The Bank offers for your convenience and protection various access methods and security procedures (including Cards, access devices, passwords and IDs) by which you can access and obtain information about your Accounts. You agree to institute and maintain reasonable and effective procedures to prevent fraud and unauthorized use of your Accounts and to ensure the security of your checks and check stock, account numbers, security procedures, access devices, access to the Accounts and your internal procedures, including any fraud protection measures that the Bank makes available through its website or other customer communications. You represent and warrant that you have in place and will enforce effective internal controls to ensure that the Accounts are used by your personnel only when authorized by you. You agree that you are fully responsible for, and release us from all liability for, the release of Account or balance information to, and transactions by, any person who uses any such access device or your Account access information assigned to you to execute transactions or gain such information. You agree to notify us as soon as possible of any known or suspected loss, theft, or unauthorized use of your checks or any Card, code, or access device. Until we have received and have had a reasonable opportunity to act on such notice, we may continue to honor transactions effected in your Account through the use of any such checks, Card, code or access device, unless otherwise provided by Applicable Law.

Internal Controls; Lost Checks or Devices. The Bank offers for your convenience and protection various access methods and security procedures (including Cards, access devices, passwords and IDs) by which you can access and obtain information about your Accounts. You agree to institute and maintain reasonable and effective procedures to prevent fraud and unauthorized use of your Accounts and to ensure the security of your checks and check stock, account numbers, security procedures, access devices, access to the Accounts and your internal procedures, including any fraud protection measures that the Bank makes available through its website or other customer communications. You represent and warrant that you have in place and will enforce effective internal controls to ensure that the Accounts are used by your personnel only when authorized by you. You agree that you are fully responsible for, and release us from all liability for, the release of Account or balance information to, and transactions by, any person who uses any such access device or your Account access information assigned to you to execute transactions or gain such information. You agree to notify us as soon as possible of any known or suspected loss, theft, or unauthorized use of your checks or any Card, code, or access device. Until we have received and have had a reasonable opportunity to act on such notice, we may continue to honor transactions effected in your Account through the use of any such checks, Card, code or access device, unless otherwise provided by Applicable Law.. SECTION 5: OVERDRAFTS, TRANSACTION PROCESSING ORDER, AND WHEN FEES ARE CHARGED