Common use of Members Liability Clause in Contracts

Members Liability. You agree to notify Alterna immediately if you become aware of unusual, suspicious or fraudulent activity on any Account, a mobile device used to conduct banking with Alterna is lost or stolen, or if the Password becomes known to anyone other than you, or a Signing Authority on the Account. You will be (a) responsible and liable for compliance with this Agreement, and (b) liable for all Transactions concluded using the Services. Notwithstanding the forgoing, you will not be liable for unauthorized Transactions that occur after you have notified Alterna that the member’s online, mobile or telephone bankinghas been compromised or that the Password has become known to someone else, provided Alterna is able to confirm the date and time of the report and the clarity of the information provided in your notification.

Members Liability. You agree The member agrees to notify Alterna immediately if you become immediatelyif the member becomes aware of unusual, suspicious or fraudulent activity on any Account, a mobile device used to conduct banking with Alterna is lost or stolen, or if the Password becomes known to anyone other than you, the member or a Signing Authority on the Account. You The member will be (a) responsible and liable for compliance with this Agreement, and (b) liable for all Transactions concluded using the Services. Notwithstanding the forgoing, you the member will not be liable for unauthorized Transactions that occur after you have the member has notified Alterna that the member’s online, mobile or telephone bankinghas banking has been compromised or that the Password has become known to someone else, provided Alterna is able to confirm the date and time of the report and the clarity of the information provided in your the member’s notification.