Common use of Security Tokens Clause in Contracts

Security Tokens. 5.1 Each UOB Bank grants the Customer and/or the Customer Users a non-exclusive, non-transferable licence to use Security Tokens in respect of any Account or any other accounts (including accounts of third parties on whose behalf a Customer User is authorised to act) as may be designated by the Customer and for the purposes of enabling the Customer to access Business Internet Banking and/or the Services. 5.2 Neither the Customer nor the Customer Users will acquire any rights whatsoever to Security Tokens. Security Tokens shall at all times remain the property of the UOB Group Bank which issued or provided the Security Tokens and shall be returned to that UOB Group Bank on demand. 5.3 Each Security Token may be used (whether or not in conjunction with the User ID and/or Password or otherwise) by any Customer User: (a) to initiate, effect, perform and/or dispatch any Instruction or any communication to any UOB Group Bank; (b) to obtain or utilise any Service that may be offered or made available by any UOB Group Bank; (c) to access and obtain information as may be permitted by any UOB Group Bank (whether relating to an Account, Service or otherwise); and (d) to effect any transaction with any UOB Group Bank as may be made available by the UOB Group Bank, on behalf of the Customer subject to the terms of this Agreement and to other restrictions, limitations, terms and conditions of the UOB Group Bank then applicable. 5.4 The Customer shall procure that the Customer User to whom any Security Token is issued or provided shall: (a) retain the Security Token at all times and shall not permit any other person to have access to, use or tamper with the Security Token issued or provided to such Customer User; (b) not reveal the OTP generated by his Security Token to anyone; and (c) not divulge the serial number of his Security Token to anyone. 5.5 Each UOB Group Bank shall be entitled to rely on and treat any Instruction made, submitted or effected whether by the use of any Security Token issued or provided to any Customer User or any Password generated by such Security Token (and whether or not in conjunction with any Password of any Customer User and/or User ID of the Customer or otherwise) as having been made, submitted or effected by that Customer User for and on behalf of the Customer unless notice of the loss of such Security Token has been given in such form and by such means as the UOB Group Bank may deem satisfactory and has been received by the UOB Group Bank within such amount of time in advance of such Instruction as the UOB Group Bank would reasonably require (having regard to all the circumstances then prevailing) to enable it to take appropriate action to prevent such Instruction from being received, acted upon and implemented. The provisions of this Clause 5.5 shall continue to apply to any Security Token issued or provided to any Customer User notwithstanding the revocation and termination of the Customer User’s authorisation to use of the Security Token. 5.6 Each UOB Group Bank reserves the right to terminate, suspend, cancel, decline to renew or replace any Security Token with or without prior notice to the Customer or the Customer User to whom the Security Token has been issued or provided, and without giving any reason therefor. The Customer shall procure that the Customer User shall not after the termination of any Service or Account use the Security Token in relation to the Service or Account that has been terminated. 5.7 Each UOB Group Bank shall have no liability for breach of any implied term as to satisfactory quality, merchantability or fitness for purpose of any Security Token, and shall not be held liable for any Loss incurred in relation thereto.

Security Tokens. 5.1 4.1 Each UOB Group Bank grants the Customer User and/or the Customer Delegate Users a non-exclusive, non-transferable licence to use Security Tokens in respect of any Account or any other accounts (including accounts of third parties on whose behalf a Customer User is authorised to act) as may be designated by the Customer and for the purposes of enabling the Customer User and/or Delegate User to access Business Internet Banking and/or the Services. 5.2 Neither the Customer nor the Customer Users will acquire any rights whatsoever to Security Tokens. 4.2 Security Tokens issued or provided by a UOB Group Bank shall at all times remain the property of the that UOB Group Bank which issued or provided the Security Tokens and shall be returned to that UOB Group Bank on demand, and neither the User nor the Delegate Users will acquire any rights whatsoever to such Security Tokens. 5.3 4.3 Each Security Token may be used (whether or not in conjunction with the User ID and/or Password or otherwise) by any Customer Delegate User: (a) to initiate, effect, perform effect and/or dispatch any Instruction or despatch any communication or request to any UOB Group Bank; (b) to obtain or utilise any Service that may be offered or made available by any UOB Group Bank;; and (c) to access and obtain information as may be permitted by any UOB Group Bank (whether relating to an Account, a Service or otherwise); and (d) to effect any transaction with any UOB Group Bank as may be made available by the UOB Group Bank, on behalf of the Customer User subject to the terms of this Agreement and to other restrictions, limitations, terms and conditions of the UOB Group Bank then applicable. 5.4 4.4 The Customer User shall procure that the Customer Delegate User to whom any Security Token is issued issued, provided or provided designated shall: (a) retain the Security Token at all times and shall not permit any other person to have access to, use or tamper with the Security Token issued issued, provided or provided designated to such Customer Delegate User; (b) not reveal the OTP generated by his Security Token to anyone; and (c) not divulge the serial number (where applicable) of his Security Token to anyone. 5.5 4.5 Each UOB Group Bank shall be entitled to rely on and treat any Instruction communication or request made, submitted or effected whether by the use of any Security Token issued issued, provided or provided designated to any Customer Delegate User or any Password generated by such Security Token (and whether or not in conjunction with any Password of any Customer Delegate User and/or User ID of the Customer User or otherwise) as having been made, submitted or effected by that Customer Delegate User for and on behalf of the Customer User unless notice of the loss of such Security Token has been given in such form and by such means as the UOB Group Bank may deem satisfactory and has been received by the UOB Group Bank within such amount of time in advance of such Instruction communication or request as the UOB Group Bank would reasonably require (having regard to all the circumstances then prevailing) to enable it to take appropriate action to prevent such Instruction communication or request from being received, acted upon and implemented. The provisions of this Clause 5.5 4.5 shall continue to apply to any Security Token issued issued, provided or provided designated to any Customer Delegate User notwithstanding the revocation and termination of the Customer Delegate User’s authorisation to use of the Security Token. 5.6 4.6 Each UOB Group Bank reserves the right to terminate, suspend, cancel, reject, decline to renew or replace any Security Token with or without prior notice to the Customer User or the Customer Delegate User to whom the Security Token has been issued issued, provided or provideddesignated, and without giving any reason therefor. The Customer User shall procure that the Customer Delegate User shall not after the termination of any Service or Account use the Security Token in relation to the Service or Account that has been terminated. 5.7 4.7 Each UOB Group Bank shall have no liability for breach of any implied term as to satisfactory quality, merchantability or fitness for purpose of any Security Token, and shall not be held liable for any Loss incurred in relation thereto.

Security Tokens. 5.1 Each UOB Bank grants the Customer and/or the Customer Users a non-exclusive, non-transferable licence to use Security Tokens in respect of any Account or any other accounts (including accounts of third parties on whose behalf a Customer User is authorised to act) as may be designated by the Customer and for the purposes of enabling the Customer to access Business Internet Banking and/or the Services. 5.2 Neither Security Tokens issued or provided by a UOB Group Bank shall at all times remain the property of thatUOB Group Bank and shall be returned to that UOB Group Bank on demand,and neither the Customer nor the Customer Users will acquire any rights whatsoever to such Security Tokens. Security Tokens shall at all times remain the property of the UOB Group Bank which issued or provided the Security Tokens and shall be returned to that UOB Group Bank on demand. 5.3 Each Security Token may be used (whether or not in conjunction with the User ID and/or Password or otherwise) by any Customer User: (a) to initiate, effect, perform and/or dispatch any Instruction or any communication to any UOB Group Bank; (b) to obtain or utilise any Service that may be offered or made available by any UOB Group Bank; (c) to access and obtain information as may be permitted by any UOB Group Bank (whether relating to an Account, Service or otherwise); and (d) to effect any transaction with any UOB Group Bank as may be made available by the UOB Group Bank, on behalf of the Customer subject to the terms of this Agreement and to other restrictions, limitations, terms and conditions of the UOB Group Bank then applicable. 5.4 The Customer shall procure that the Customer User to whom any Security Token is issued ,provided or provided designated shall: (a) retain the Security Token at all times and shall not permit any other person to have access to, use or tamper with the Security Token issued or provided or designated to such Customer User; (b) not reveal the OTP generated by his Security Token to anyone; and (c) not divulge the serial number (where applicable) of his Security Token to anyone. 5.5 Each UOB Group Bank shall be entitled to rely on and treat any Instruction made, submitted or effected whether by the use of any Security Token issued ,provided or provided designated to any Customer User or any Password generated by such Security Token (and whether or not in conjunction with any Password of any Customer User and/or User ID of the Customer or otherwise) as having been made, submitted or effected by that Customer User for and on behalf of the Customer unless notice of the loss of such Security Token has been given in such form and by such means as the UOB Group Bank may deem satisfactory and has been received by the UOB Group Bank within such amount of time in advance of such Instruction as the UOB Group Bank would reasonably require (having regard to all the circumstances then prevailing) to enable it to take appropriate action to prevent such Instruction from being received, acted upon and implemented. The provisions of this Clause 5.5 shall continue to apply to any Security Token issued issued, provided or provided designated to any Customer User notwithstanding the revocation and termination of the Customer User’s authorisation to use of the Security Token. 5.6 Each UOB Group Bank reserves the right to terminate, suspend, cancel, reject, decline to renew or replace any Security Token with or without prior notice to the Customer or the Customer User to whom the Security Token has been issued or providedprovided or designated, and without giving any reason therefor. The Customer shall procure that the Customer User shall not after the termination of any Service or Account use the Security Token in relation to the Service or Account that has been terminated. 5.7 Each UOB Group Bank shall have no liability for breach of any implied term as to satisfactory quality, merchantability or fitness for purpose of any Security Token, and shall not be held liable for any Loss incurred in relation thereto.

Security Tokens. 5.1 Each UOB The Bank grants the Customer and/or the Customer Users a non-exclusive, non-transferable licence to use Security Tokens in respect of any Account or any other accounts (including accounts of third parties on whose behalf a Customer User is authorised to act) as may be designated by the Customer and for the purposes of enabling the Customer to access Business Internet Banking and/or the Services. 5.2 Neither the Customer nor the Customer Users will acquire any rights whatsoever to Security Tokens. Security Tokens shall at all times remain the property of the UOB Group Bank which issued or provided the Security Tokens and shall be returned to that UOB Group the Bank on demand. 5.3 Each Security Token may be used (whether or not in conjunction with the User ID and/or Password or otherwise) by any Customer User: (a) to initiate, effect, perform and/or dispatch any Instruction or any communication to any UOB Group the Bank; (b) to obtain or utilise any Service that may be offered or made available by any UOB Group the Bank; (c) to access and obtain information as may be permitted by any UOB Group the Bank (whether relating to an Account, Service or otherwise); and (d) to effect any transaction with any UOB Group the Bank as may be made available by the UOB Group Bank, on behalf of the Customer subject to the terms of this Agreement and to other restrictions, limitations, terms and conditions of the UOB Group Bank then applicable. 5.4 The Customer shall procure that the Customer User to whom any Security Token is issued or provided shall: (a) retain the Security Token at all times and shall not permit any other person to have access to, use or tamper with the Security Token issued or provided to such Customer User; (b) not reveal the OTP generated by his Security Token to anyone; and (c) not divulge the serial number of his Security Token to anyone. 5.5 Each UOB Group The Bank shall be entitled to rely on and treat any Instruction made, submitted or effected whether by the use of any Security Token issued or provided to any Customer User or any Password generated by such Security Token (and whether or not in conjunction with any Password of any Customer User and/or User ID of the Customer or otherwise) as having been made, submitted or effected by that Customer User for and on behalf of the Customer unless notice of the loss of such Security Token has been given in such form and by such means as the UOB Group Bank may deem satisfactory and has been received by the UOB Group Bank within such amount of time in advance of such Instruction as the UOB Group Bank would reasonably require (having regard to all the circumstances then prevailing) to enable it to take appropriate action to prevent such Instruction from being received, acted upon and implemented. The provisions of this Clause 5.5 shall continue to apply to any Security Token issued or provided to any Customer User notwithstanding the revocation and termination of the Customer User’s authorisation to use of the Security Token. 5.6 Each UOB Group The Bank reserves the right to terminate, suspend, cancel, decline to renew or replace any Security Token with or without prior notice to the Customer or the Customer User to whom the Security Token has been issued or provided, and without giving any reason therefor. The Customer shall procure that the Customer User shall not after the termination of any Service or Account use the Security Token in relation to the Service or Account that has been terminated. 5.7 Each UOB Group The Bank shall have no liability for breach of any implied term as to satisfactory quality, merchantability or fitness for purpose of any Security Token, and shall not be held liable for any Loss incurred in relation thereto.

Security Tokens. 5.1 Each UOB Bank grants the Customer and/or the Customer Users a non-exclusive, non-transferable licence to use Security Tokens in respect of any Account or any other accounts (including accounts of third parties on whose behalf a Customer User is authorised to act) as may be designated by the Customer and for the purposes of enabling the Customer to access Business Internet Banking and/or the Services. 5.2 Neither Security Tokens issued or provided by a UOB Group Bank shall at all times remain the property of that UOB Group Bank and shall be returned to that UOB Group Bank on demand, and neither the Customer nor the Customer Users will acquire any rights whatsoever to such Security Tokens. Security Tokens shall at all times remain the property of the UOB Group Bank which issued or provided the Security Tokens and shall be returned to that UOB Group Bank on demand. 5.3 Each Security Token may be used (whether or not in conjunction with the User ID and/or Password or otherwise) by any Customer User: (a) to initiate, effect, perform and/or dispatch any Instruction or any communication to any UOB Group Bank; (b) to obtain or utilise any Service that may be offered or made available by any UOB Group Bank; (c) to access and obtain information as may be permitted by any UOB Group Bank (whether relating to an Account, Service or otherwise); and (d) to effect any transaction with any UOB Group Bank as may be made available by the UOB Group Bank, on behalf of the Customer subject to the terms of this Agreement and to other restrictions, limitations, terms and conditions of the UOB Group Bank then applicable. 5.4 The Customer shall procure that the Customer User to whom any Security Token is issued issued, provided or provided designated shall: (a) retain the Security Token at all times and shall not permit any other person to have access to, use or tamper with the Security Token issued issued, provided or provided designated to such Customer User; (b) not reveal the OTP generated by his Security Token to anyone; and (c) not divulge the serial number (where applicable) of his Security Token to anyone. 5.5 Each UOB Group Bank shall be entitled to rely on and treat any Instruction made, submitted or effected whether by the use of any Security Token issued issued, provided or provided designated to any Customer User or any Password generated by such Security Token (and whether or not in conjunction with any Password of any Customer User and/or User ID of the Customer or otherwise) as having been made, submitted or effected by that Customer User for and on behalf of the Customer unless notice of the loss of such Security Token has been given in such form and by such means as the UOB Group Bank may deem satisfactory and has been received by the UOB Group Bank within such amount of time in advance of such Instruction as the UOB Group Bank would reasonably require (having regard to all the circumstances then prevailing) to enable it to take appropriate action to prevent such Instruction from being received, acted upon and implemented. The provisions of this Clause 5.5 shall continue to apply to any Security Token issued issued, provided or provided designated to any Customer User notwithstanding the revocation and termination of the Customer User’s authorisation to use of the Security Token. 5.6 Each UOB Group Bank reserves the right to terminate, suspend, cancel, reject, decline to renew or replace any Security Token with or without prior notice to the Customer or the Customer User to whom the Security Token has been issued issued, provided or provideddesignated, and without giving any reason therefor. The Customer shall procure that the Customer User shall not after the termination of any Service or Account use the Security Token in relation to the Service or Account that has been terminated. 5.7 Each UOB Group Bank shall have no liability for breach of any implied term as to satisfactory quality, merchantability or fitness for purpose of any Security Token, and shall not be held liable for any Loss incurred in relation thereto.