Common use of Limited Power of Attorney Clause in Contracts

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action), with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretion.

Appears in 2 contracts

Samples: Loan Account Program Agreement and Loan Sale Agreement (LendingClub Corp), Borrower Membership Agreement (LendingClub Corp)

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Limited Power of Attorney. As a condition In connection with any request to registering as a borrower member on transfer funds using the SiteA2A service, you hereby grant us give to FNCU a limited power of attorney and appoint us and/or our designees FNCU as your true and lawful attorney-in-fact and agent, with full power of substitution and re-re- substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one originate deposits into or more promissory notes in the form appended to withdrawals from your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)Verified Accounts, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with effecting such power funds transfers, verifying the content and authenticity of any A2A transfer instruction, complying with all applicable security procedures applicable to such transfers, as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once FNCU has actual knowledge that you wish to cease using the Notes have been signed by LendingClub acting A2A service as your attorney-in-factprovided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney shall be deemed revoked; provided, however, they are deemed executed that any act done by FNCU in good faith before we have actual knowledge of termination by you and a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be deemed to be authorized by you. You understand and agree that at all times your valid and binding obligations thereafter. If you choose to revoke relationship with the Power financial institution that maintains each Verified Account is independent of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request FNCU and your pending loan requests will be considered withdrawnuse of the A2A service. You shall not hold FNCU responsible for any acts or omissions by the financial institution maintaining a Verified Account with respect to it, and your registration as a borrower member on the Site will be terminatedincluding without limitation any modification, interruption or discontinuance of it. In such eventYOU ACKNOWLEDGE AND AGREE THAT WHEN FNCU ORIGINATES A REQUEST FOR A TRANSFER USING THE A2A SERVICE, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionFNCU IS ACTING AS YOUR AGENT. YOUR AGREE TO INDEMNIFY AND HOLD HARMLESS FNCU AS YOUR AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED BELOW.

Appears in 2 contracts

Samples: Digital Banking Disclosure and Agreement, Digital Banking Disclosure and Agreement

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to to: (1) complete and execute a 4506-T ‘Request for Transcript of Tax Return’ form from the Internal Revenue Service; and (2) complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the estimated disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action), with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). You agree and acknowledge that the initial loan disclosures made to you are estimates (other than APR) and may be as much as 40% less than the initially requested amounts. This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretion.

Appears in 2 contracts

Samples: Borrower Membership Agreement (LendingClub Corp), Borrower Membership Agreement (LendingClub Corp)

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action), with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretion.be

Appears in 1 contract

Samples: Borrower Membership Agreement (LendingClub Corp)

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees This letter agreement shall serve as your true and lawful attorney-in-fact and agent, with full power revocation of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action), with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Limited Power of Attorney is limited solely to the purpose described above For Section 16 Reporting Purposes executed by you as of January 31, 2012 and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the such Power of Attorney at any time shall no longer be of force and effect as of the Termination Date. In order to confirm your agreement to the summary of the benefits and to initiate the payment process of the above described payments, you must execute and return this letter agreement and the attached General Release. You have twenty-one (21) calendar days after the date you received these documents within which to review and consider it, to discuss it with your attorney, and to decide whether or not to sign the documents however do not sign the General Release before the funds representing Termination Date. After the 21 day consideration period, you will forfeit all rights to the above-described benefits other than those legally mandated. We advise you to consult with your loan proceeds are transferred attorney prior to your designated account executing this letter agreement and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafterGeneral Release. If you choose sign these documents before the expiration of this 21-day consideration period, you do so voluntarily and waive your right to revoke use the Power of Attorney prior full 21 days to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminatedconsider signing. In such eventaddition, we will remove any loan requests for the period of seven (7) calendar days after you have posted on sign this letter agreement and the Site and General Release, you may be prohibited from posting additional qualifying loan requests in revoke these documents by delivering written notice of revocation to me by facsimile or e-mail transmission (and retaining proof of successful transmission), or by overnight mail postmarked within this seven-day period, to me. Because of this 7-day revocation period, this letter agreement and General Release will not become effective and enforceable until the future in our discretion.eighth day after the date you sign it (the “Effective Date”), provided that you did not revoke your agreement as set forth herein. Sincerely, /S/ LXXX XXXXXXXXX Lxxx Xxxxxxxxx SVP, Head of Human Resources Accepted and Agreed to This 4th day of March, 2013 RXXXXXX X. XXXXXX

Appears in 1 contract

Samples: Severance Agreement (Calamos Asset Management, Inc. /DE/)

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)loan, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section Section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretion.

Appears in 1 contract

Samples: Borrower Agreement (LendingClub Corp)

Limited Power of Attorney. As a condition In connection with any request to registering as a borrower member on transfer funds using the SitePopmoney Service, you hereby grant us give to BancorpSouth a limited power of attorney and appoint us and/or our designees BancorpSouth as your true and lawful attorney-in-in- fact and agent, with full power of substitution and re-substitutionresubstitution, for you BancorpSouth and in your its name, place and xxxxxstead, in any and all capacities, to complete and execute one originate deposits into or more promissory notes in the form appended to withdrawals from your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)accounts, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with effecting such power funds transfers, verifying the content and authenticity of any Popmoney Service transfer instruction, complying with all applicable security procedures applicable to such transfers, as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once BancorpSouth has actual knowledge that you wish to cease using the Notes have been signed by LendingClub acting Popmoney Service as your attorney-in-factprovided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge and to complete any pending transfers, this limited power of attorney shall be deemed revoked; provided, however, they are deemed executed that any act done by BancorpSouth in good faith before it has actual knowledge of termination by you and a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be deemed to be authorized by you. You understand and agree that at all times your valid and binding obligations thereafter. If relationship with the financial institution (other than BancorpSouth) that maintains an account to which you choose are requesting a transfer or from which a transfer to revoke the Power BancorpSouth is being requested is independent of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request BancorpSouth and your pending loan requests will be considered withdrawnuse of the Popmoney Service. You shall not hold BancorpSouth responsible for any acts or omissions by the financial institution maintaining such an account, and your registration as a borrower member on the Site will be terminatedincluding without limitation any modification, interruption or discontinuance of it. In such eventYOU ACKNOWLEDGE AND AGREE THAT WHEN BANCORPSOUTH ORIGINATES A REQUEST FOR A TRANSFER USING THE POPMONEY SERVICE, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionBANCORPSOUTH IS ACTING AS YOUR AGENT. YOU AGREE TO INDEMNIFY AND HOLD HARMLESS BANCORPSOUTH AS YOUR AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED BELOW.

Appears in 1 contract

Samples: Customer Agreement for Online Banking Services

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees This letter agreement shall serve as your true and lawful attorney-in-fact and agent, with full power revocation of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action), with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Limited Power of Attorney is limited solely to the purpose described above For Section 16 Reporting Purposes executed by you as of January 31, 2012 and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the such Power of Attorney at any time shall no longer be of force and effect as of the Termination Date. In order to confirm your agreement with the terms of this letter agreement and to initiate the payment process of the above described payments, you must execute and return this letter agreement and the attached General Release. You have twenty-one (21) calendar days after the date you received these documents within which to review and consider them , to discuss it with your attorney, and to decide whether or not to sign the documents; however, do not sign the General Release before the funds representing Termination Date. After the 21 day consideration period, you will forfeit all rights to the above-described benefits other than those legally mandated. We advise you to consult with your loan proceeds are transferred attorney prior to your designated account executing this letter agreement and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafterGeneral Release. If you choose sign these documents before the expiration of this 21-day consideration period, you do so voluntarily and waive your right to revoke use the Power of Attorney prior full 21 days to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminatedconsider signing. In such eventaddition, we will remove any loan requests for the period of seven (7) calendar days after you have posted on sign this letter agreement and the Site and General Release, you may be prohibited from posting additional qualifying loan requests in revoke these documents by delivering written notice of revocation to me by facsimile or e-mail transmission (and retaining proof of successful transmission), or by overnight mail postmarked within this seven-day period, to me. Because of this 7-day revocation period, this letter agreement and General Release will not become effective and enforceable until the future in our discretion.eighth day after the date you sign it, provided that you did not revoke your agreement as set forth herein. Sincerely, /S/ J. Xxxxxxxxxxx Xxxxxxx J. Xxxxxxxxxxx Xxxxxxx Senior Vice President & General Counsel Accepted and Agreed to This 29th day of August, 2013 Xxxxx X. Xxxxx

Appears in 1 contract

Samples: Termination Agreement (Calamos Asset Management, Inc. /DE/)

Limited Power of Attorney. As a condition In connection with any request to registering as a borrower member on transfer funds using the SiteACH and External Transfer Service, you hereby grant us give to UNFCU a limited power of attorney and appoint us and/or our designees UNFCU as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitutionresubstitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one originate deposits into or more promissory notes in the form appended to withdrawals from your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)accounts, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with effecting such power funds transfers, verifying the content and authenticity of any transfer instruction, complying with all security procedures applicable to such transfers, as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once UNFCU has actual knowledge that you wish to cease using the Notes have been signed by LendingClub acting UNFCU ACH or External Transfer Service as your attorney-in-factprovided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge and to complete any pending transfers, this limited power of attorney shall be deemed revoked; provided, however, they are deemed executed that any act done by UNFCU in good faith before UNFCU has actual knowledge of termination by you and a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be deemed to be authorized by you. You understand and agree that at all times your valid and binding obligations thereafter. If relationship with the financial institution (other than UNFCU) that maintains an account to or from which you choose to revoke the Power are requesting a transfer is independent of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request UNFCU and your pending loan requests will be considered withdrawnuse of the UNFCU ACH and External Transfer Services. You shall not hold UNFCU responsible for any acts or omissions by the financial institution maintaining such an account, and your registration as a borrower member on the Site will be terminatedincluding without limitation any modification, interruption or discontinuance of it. In such eventYOU ACKNOWLEDGE AND AGREE THAT WHEN UNFCU ORIGINATES A REQUEST FOR A TRANSFER USING THE UNFCU ACH SERVICE OR THE EXTERNAL TRANSFER SERVICE, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionUNFCU IS ACTING AS YOUR AGENT. YOU AGREE TO INDEMNIFY AND HOLD HARMLESS UNFCU AS YOUR AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED IN THE GENERAL TERMS SECTION OF THIS AGREEMENT.

Appears in 1 contract

Samples: Digital Banking Agreement

Limited Power of Attorney. As a condition In connection with any request to registering as a borrower member on transfer funds using the SiteService, you I hereby grant us give to DFCU a limited power of attorney and appoint us and/or our designees DFCU as your my true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you me and in your my name, place and xxxxx, in any and all capacities, to complete originate deposits into or withdrawals from my Eligible FI Accounts and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)Verified Accounts, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with effecting such power funds transfers, verifying the content and authenticity of any Payment Instruction, complying with all applicable security procedures applicable to such transfers, as fully to all intents and purposes as you I might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once DFCU has actual knowledge that I wish to cease using the Notes have been signed by LendingClub acting Service as your attorney-in-factprovided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney shall be deemed revoked; provided, however, they are deemed executed that any act done by DFCU in good faith before you have actual knowledge of termination by me and a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be your valid deemed to be authorized by me. I understand and binding obligations thereafteragree that at all times my relationship with the financial institution that maintains each Verified Account is independent of DFCU and my use of the Service. If you choose I shall not hold DFCU responsible for any acts or omissions by the financial institution maintaining a Verified Account with respect to revoke the Power it, including without limitation any modification, interruption or discontinuance of Attorney prior to execution of Notesit. I ACKNOWLEDGE AND AGREE THAT WHEN DFCU ORIGINATES A REQUEST FOR A TRANSFER USING THE SERVICE, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminatedDFCU IS ACTING AS MY AGENT. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionI AGREE TO INDEMNIFY AND HOLD HARMLESS DFCU AS MY AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED BELOW.

Appears in 1 contract

Samples: User Agreement for A2a and P2p Transfer Service

Limited Power of Attorney. As a condition to registering as a borrower member on In connection with the SiteNYCB Online service, you hereby grant us to the Bank a limited power of attorney and appoint us and/or our designees Bank as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitutionresubstitution, for you and in your name, place and xxxxx, in any and all capacities, to complete access the Accounts and execute one Recipient Accounts, to originate deposits into or more promissory notes in withdrawals from the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you acceptAccounts and Recipient Accounts, and the terms, of each loan made to you by WBK in accordance initiate contact with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)Receiver, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with effecting such power funds transfers, including verifying the content and authenticity of any funds transfer instruction, complying with all applicable security procedures applicable to such transfers, as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once the Notes have been signed by LendingClub acting Bank has actual knowledge that you wish to cease using an NYCB Online service (such as your attorney-in-factthe External Transfer or Bill Payment Service) as provided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney is automatically revoked as to that Service; provided, however, they are deemed executed that any act done by the Bank in good faith before it has actual knowledge of termination by you and has a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be your valid and binding obligations thereafterdeemed to be authorized by you. If you choose 4. YOU ACKNOWLEDGE AND AGREE THAT WHEN THE BANK IS EFFECTING ANY TRANSFER OF FUNDS FROM OR TO ANY OF YOUR ACCOUNTS OR RECIPIENT OR RECEIVER ACCOUNTS, THE BANK IS ACTING AS YOUR AGENT, AND NOT AS THE AGENT OR ON BEHALF OF ANY THIRD PARTY. YOU AGREE TO INDEMNIFY AND HOLD HARMLESS THE BANK AS YOUR AGENT UNDER THIS LIMITED POWER OF ATTORNEY. You agree that the Bank shall be entitled to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member rely on the Site will be terminatedforegoing authorization, agency and power of attorney granted by you. In such eventYOU AGREE THAT WE SHALL NOT BE LIABLE FOR ANY COSTS, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionFEES, LOSSES OR DAMAGES OF ANY KIND INCURRED AS A RESULT OF (1) OUR ACCESS TO THE ACCOUNTS OR THE RECIPIENT AND/OR RECEIVER ACCOUNTS; (2) OUR DEBIT AND/OR CREDIT OR INABILITY TO DEBIT AND/OR CREDIT THE ACCOUNTS OR THE RECIPIENT AND/OR RECEIVER ACCOUNTS IN ACCORDANCE WITH YOUR INSTRUCTIONS; (3) ANY INACCURACY, INCOMPLETENESS OR MISINFORMATION; (4) ANY CHARGES IMPOSED BY ANY SERVICE PROVIDER; OR (5) ANY FUNDS TRANSFER LIMITATIONS SET BY ANY SERVICE PROVIDER.

Appears in 1 contract

Samples: Online Banking Agreement

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Limited Power of Attorney. As a condition You authorize each of JAXFCU and Aggregation Vendor to registering (a) provide authorizations on Your behalf with an Authorized Custodian to the extent You do not do so directly, (b) request Personal Data pursuant to those authorizations, and (c) utilize the transmitted Personal Data to create Aggregated Data as a borrower member on may be required to provide the SiteService, you Aggregation Reports, and Aggregation Enabled Services. You hereby grant us JAXFCU and Aggregation Vendor a limited power of attorney and appoint us and/or our designees JAXFCU and Aggregation Vendor as your Your true and lawful attorneyattorneys-in-fact and agentagents, each with authority to act independently or jointly, as Your true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for you You and in your Your name, place place, and xxxxx, in any and all capacities, to complete enter into agreements with Authorized Custodians, request Personal Data, and execute one or more promissory notes use Personal Data, all as described in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, preceding sentence and the terms, of each loan notwithstanding any privacy commitments previously made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)You, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power activities, as fully to all intents and purposes as you You might or could do in person (“Power of Attorney”)person. This Power of Attorney is limited solely YOU UNDERSTAND, ACKNOWLEDGE, AND AGREE THAT WHEN JAXFCU OR AGGREGATION VENDOR IS PROVIDING SUCH AUTHORIZATIONS, AND REQUESTING INFORMATION FROM, AUTHORIZED CUSTODIANS, CREDIT UNION OR AGGREGATION VENDOR, AS APPLICABLE, IS ACTING AS YOUR AGENT AND NOT THE AGENT OF OR ON BEHALF OF THE AUTHORIZED CUSTODIAN. You hereby agree that each Authorized Custodian shall be entitled to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted rely on the Siteforegoing authorizations, agency appointment, and limited power-of-attorney granted by You to JAXFCU and Aggregation Vendor for all purposes hereunder. You may revoke understand that Authorized Custodians are not involved in providing the Power Service and do not endorse or sponsor the Service, nor does the Credit Union endorse or recommend the services of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionAuthorized Custodian.

Appears in 1 contract

Samples: Account Aggregation Agreement

Limited Power of Attorney. As a condition In connection with any request to registering as a borrower member on transfer funds using the SiteA2A service, you I hereby grant us give to Meridia a limited power of attorney and appoint us and/or our designees Meridia as your my true and lawful attorney-attorney- in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one originate deposits into or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)withdrawals from my Verified Accounts, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with effecting such power funds transfers, verifying the content and authenticity of any A2A transfer instruction, complying with all applicable security procedures applicable to such transfers, as fully to all intents and purposes as you I might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once Meridia has actual knowledge that I wish to cease using the Notes have been signed by LendingClub acting A2A service as your attorney-in-factprovided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney shall be deemed revoked; provided, however, they are deemed executed that any act done by Meridia in good faith before you have actual knowledge of termination by me and a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be your valid deemed to be authorized by me. I understand and binding obligations thereafteragree that at all times my relationship with the financial institution that maintains each Verified Account is independent of Meridia and my use of the A2A service. If you choose I shall not hold Meridia responsible for any acts or omissions by the financial institution maintaining a Verified Account with respect to revoke the Power it, including without limitation any modification, interruption or discontinuance of Attorney prior it. I ACKNOWLEDGE AND AGREE THAT WHEN MERIDIA COMMUNITY FEDERAL CREDIT UNION ORIGINATES A REQUEST FOR A TRANSFER USING THE A2A SERVICE, MERIDIA COMMUNITY FEDERAL CREDIT UNION IS ACTING AS MY AGENT. I AGREE TO INDEMNIFY AND HOLD HARMLESS MERIDIA COMMUNITY FEDERAL CREDIT UNION AS MY AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED BELOW. Security Procedures - I agree that MERIDIA COMMUNITY FEDERAL CREDIT UNION will initiate a funds transfer request for me only after I access my Eligible MERIDIA Account(s) through its Go-Online Banking Service using my user name and password. Meridia shall not be liable for any delay in processing my A2A transfer request if I fail to execution of Notes, we will be unable to proceed comply with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove this security procedure (or any loan requests you have posted on the Site and you other that may be prohibited established by Meridia from posting additional qualifying loan requests time to time). I acknowledge and agree that Meridia has established commercially-reasonable security procedure for the A2A service. I understand that the security procedure is designed to authenticate my identity before accepting a request for an A2A transfer and not to detect errors in the future in our discretioncontent of my instruction.

Appears in 1 contract

Samples: Account to Account (A2a) Transfer Service User Agreement

Limited Power of Attorney. As a condition In connection with any request to registering as a borrower member on transfer funds using the Site, A2A service you hereby grant us a give the credit union limited power of attorney and appoint us and/or our designees the credit union as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one originate deposits into or more promissory notes in the form appended to withdrawals from your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)Verified Accounts, with the full power and authority to do and perform each and every act and thing requisite and item necessary to be done in connection with effecting such power funds transfers, verifying the content and authenticity of any A2A transfer instruction, complying with all security procedures applicable to such transfers, as fully to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communicationsperson. Once Blue FCU has actual knowledge that you wish to cease using the Notes have been signed by LendingClub acting A2A service as your attorney-in-factprovided in this Agreement or as otherwise permitted in this Agreement and has a reasonable opportunity to act on such knowledge, this limited power of attorney shall be deemed revoked; provided, however, they are deemed executed that any act done by the credit union in good faith before we have actual knowledge of termination by you and a reasonable opportunity to act on your behalf and the executed Notes such knowledge shall be deemed to be authorized by you. You understand and agree that at all times your valid and binding obligations thereafter. If you choose to revoke relationship with the Power financial institution that maintains each Verified Account is independent of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request Blue FCU and your pending loan requests use of the Service. You shall not hold Blue FCU responsible for any acts or omissions by the financial institution maintaining a Verified Account with respect to it, including without limitation any modification, interruption or discontinuance of it. YOU ACKNOWLEDGE AND AGREE THAT WHEN BLUE FEDERAL CREDIT UNION ORIGINATES A REQUEST FOR A TRANSFER USING THE A2A SERVICE BLUE FCU IS ACTING AS YOUR AGENT. YOU AGREE TO INDEMNIFY AND HOLD HARMLESS BLUE FCU AS YOUR AGENT UNDER THIS LIMITED POWER OF ATTORNEY AS MORE FULLY DESCRIBED BELOW. You agree that Blue Federal Credit Union will initiate a funds transfer request for you only after you access your Eligible Account(s) through our Online Banking service using the customer identification number and personal identification number ("PIN"). Blue FCU shall not be considered withdrawn, and your registration as a borrower member on liable for any delay in processing the Site will be terminated. In such event, we will remove A2A transfer request if you fail to comply with this security procedure (or any loan requests you have posted on the Site and you other that may be prohibited established by Blue FCU from posting additional qualifying loan requests time-to-time). You acknowledge and agree that the credit union has established commercially reasonable security procedure for the A2A service. You understand that the security procedure is designed to authenticate your identity before accepting a request for an A2A transfer and not to detect errors in the future in our discretioncontent of your instruction.

Appears in 1 contract

Samples: Online Banking Agreement

Limited Power of Attorney. As a condition to registering as a borrower member on the Site, you hereby grant us a limited power of attorney and appoint us and/or our designees as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, place and xxxxx, in any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a "Note") representing in the aggregate the total principal amount you accept, and the terms, of each loan made to you by WBK in accordance with the estimated disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action), with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power as fully to all intents and purposes as you might or could do in person ("Power of Attorney"). You agree and acknowledge that the initial loan disclosures made to you are estimates (other than APR) and may be as much as 40% less than the initially requested amounts. This Power of Attorney is limited solely to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretion.

Appears in 1 contract

Samples: Borrower Membership Agreement (LendingClub Corp)

Limited Power of Attorney. As a condition to registering as a borrower member on the Site9.1 You appoint severally us and each of our agents, you hereby grant us a limited power of attorney officers, and appoint us and/or our designees authorised representatives (each an Attorney) as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and to do in your namename everything necessary or expedient: (a) to prepare, place execute and xxxxx, in deliver any and all capacities, to complete and execute one or more promissory notes in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you acceptdocument, and do anything that is necessary to appoint or change a Service Provider or in connection with the termsacquisition, disposal, holding, management or administration of each loan made to you by WBK your Investments in accordance with your instructions, including, without limitation, to execute an application in accordance with your instructions or to agree to any terms and conditions of the disclosures made Service Provider; (b) to you about such loan communicate, give instructions, or prepare, execute and deliver any document, or take any other action reasonably necessary to effect the acquisition, disposal, amendment, renewal or cancellation (see as the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)case may be) of Investments in accordance with your instructions; or (c) to give instructions to, with the full power and authority enter into contracts or agreements with, another party on your behalf after receiving your instructions to do and perform each and every act and thing requisite and necessary so. 9.2 Any power granted to an Attorney pursuant to this clause is only to be done exercised in connection with such power as fully the performance of the Services and the administration and management of your Investments in accordance with your instructions. 9.3 You agree that an Attorney may use any information you have provided to all intents and purposes as you might or could do in person (“Power of Attorney”). This Power of Attorney is limited solely to us for the purpose described above of exercising any power granted to an Attorney pursuant to this clause. 9.4 You are bound by, and will expire automatically upon agree to ratify, anything done by an Attorney in the earlier exercise of (i) the execution of the Notes by us an authority granted under this clause, and you acknowledge that anything done on your behalf or (ii) within the termination or expiration authority of your loan request posted on the Site. You may revoke the Power of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we this clause will be unable treated as if you have done it personally. 9.5 The powers and authorities conferred on an Attorney under this clause remain in full force and effect until you revoke such powers and authorities given to proceed with processing your loan request and your pending loan requests will be considered withdrawnan Attorney by giving written notice. 9.6 You agree to indemnify each Attorney against, and your registration must pay each Attorney on demand the amount of, all losses, liabilities, costs or expenses incurred in connection with, or as a borrower member on result of, the Site will be terminated. In such eventexercise of an authority by the Attorney under this clause. 9.7 Neither us, we will remove nor any loan requests Attorney is liable for any Loss incurred by you as a direct or indirect result of any delay or omission in the exercise of an authority by an Attorney under this clause, except when the Loss is caused directly by fraud, negligence or dishonesty. 9.8 You acknowledge that the power granted to an Attorney under this clause is not exclusive of, and does not limit, any other rights you have posted on the Site and conferred upon us or any third party under any other agreement to which you may be prohibited from posting additional qualifying loan requests in the future in our discretionare a party, including without limitation your agreement with a Service Provider.

Appears in 1 contract

Samples: Terms of Business

Limited Power of Attorney. As a condition You authorize each of RadiFi and Aggregation Vendor to registering (a) provide authorizations on Your behalf with an Authorized Custodian to the extent You do not do so directly, (b) request Personal Data pursuant to those authorizations, and (c) utilize the transmitted Personal Data to create Aggregated Data as a borrower member on may be required to provide the SiteService, you Aggregation Reports, and Aggregation Enabled Services. You hereby grant us RadiFi and Aggregation Vendor a limited power of attorney and appoint us and/or our designees XxxxXx and Aggregation Vendor as your Your true and lawful attorneyattorneys-in-fact and agentagents, each with authority to act independently or jointly, as Your true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for you You and in your Your name, place place, and xxxxx, in any and all capacities, to complete enter into agreements with Authorized Custodians, request Personal Data, and execute one or more promissory notes use Personal Data, all as described in the form appended to your Loan Agreement with WBK (each, a “Note”) representing in the aggregate the total principal amount you accept, preceding sentence and the terms, of each loan notwithstanding any privacy commitments previously made to you by WBK in accordance with the disclosures made to you about such loan (see the disclosures at xxxx://xxx.xxxxxxxxxxx.xxx/account/truthInLending.action)You, with the full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection with such power activities, as fully to all intents and purposes as you You might or could do in person (“Power of Attorney”)person. This Power of Attorney is limited solely YOU UNDERSTAND, ACKNOWLEDGE, AND AGREE THAT WHEN XxxxXx OR AGGREGATION VENDOR IS PROVIDING SUCH AUTHORIZATIONS, AND REQUESTING INFORMATION FROM, AUTHORIZED CUSTODIANS, CREDIT UNION OR AGGREGATION VENDOR, AS APPLICABLE, IS ACTING AS YOUR AGENT AND NOT THE AGENT OF OR ON BEHALF OF THE AUTHORIZED CUSTODIAN. You hereby agree that each Authorized Custodian shall be entitled to the purpose described above and will expire automatically upon the earlier of (i) the execution of the Notes by us on your behalf or (ii) the termination or expiration of your loan request posted rely on the Siteforegoing authorizations, agency appointment, and limited power-of-attorney granted by You to RadiFi and Aggregation Vendor for all purposes hereunder. You may revoke understand that Authorized Custodians are not involved in providing the Power Service and do not endorse or sponsor the Service, nor does the Credit Union endorse or recommend the services of Attorney at any time before the funds representing your loan proceeds are transferred to your designated account and the Notes are executed on your behalf by contacting us in accordance with section 7, Communications. Once the Notes have been signed by LendingClub acting as your attorney-in-fact, however, they are deemed executed on your behalf and the executed Notes shall be your valid and binding obligations thereafter. If you choose to revoke the Power of Attorney prior to execution of Notes, we will be unable to proceed with processing your loan request and your pending loan requests will be considered withdrawn, and your registration as a borrower member on the Site will be terminated. In such event, we will remove any loan requests you have posted on the Site and you may be prohibited from posting additional qualifying loan requests in the future in our discretionAuthorized Custodian.

Appears in 1 contract

Samples: Account Aggregation Agreement

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