Common use of Some General Terms Clause in Contracts

Some General Terms. When you open an account, we may rely on information you give us and we maintain in our records. We determine the type and ownership of the account from this information. You are responsible for notifying us when personal information changes. When you ask us to make a change to this information or your account, and we agree to the change, the change is not effective until we have had reasonable time to act on the new information. As an example, if you ask us to change the signers on your account, your requested change is not effective until we have reasonable time to act on it. If we ask you to give us additional documents or information, and you do not do so promptly, we may close your account. When we accept a deposit to an account or permit a withdrawal or payment from an account, we may rely upon the form of the account and the terms of this Agreement at the time we process the transaction. We do not have to inquire about the source or ownership of any funds we receive for deposit or about the application of any withdrawal or payment from an account. When we permit a withdrawal or payment from an account at the request of any signer, or the agent of any signer, in accordance with the terms of this Agreement, the withdrawal or payment is a complete release and discharge of the Bank from all claims regarding the withdrawal or payment. If you instruct us to open an account in the names of two or more people, and we do so, but later determine one or more of them have not completed our account opening documents or other requirements, you agree to hold us harmless for reliance on your instruction. We may in our discretion for all purposes and circumstances (including determining ownership of the account following the death of any person in whose name the account was opened) either treat the account as being owned by all persons in whose names the account was opened or treat the account as being owned solely by the persons who have signed or completed our account opening documents or other requirements. If we treat the account as owned by all persons in whose names the account was opened, we may permit the non- signing person to withdraw funds or take other action on the account without any liability to you. We may open an account without regard to whether you are married and without regard to whether the funds on deposit are your community or separate property. We may require you to close the account in order to remove a co-owner, terminate a joint ownership or change a pay-on death or trust designation.

Some General Terms. When you open an account, we may rely on information you give us and we maintain in our records. We determine the type and ownership of the account from this information. You are responsible for notifying us when personal information changes. When you ask us to make a change to this information or your account, and we agree to the change, the change is not effective until we have had a reasonable time to act on the new information. As an example, if you ask us to change the signers on your account, your requested change is not effective until we have a reasonable time to act on it. If we ask you to give us additional documents or information, and you do not do so promptly, we may not act on your request, or close your account. When we accept a deposit to an account or permit a withdrawal or payment from an account, we may rely upon the form of the account and the terms of this Agreement at the time we process the transaction. We do not have to inquire about the source or ownership of any funds we receive for deposit or about the application of any withdrawal or payment from an account. When we permit a withdrawal or payment from an account at the request of any signer, or the agent of any signer, in accordance with the terms of this Agreement, the withdrawal or payment is a complete release and discharge of the Bank from all claims regarding the withdrawal or payment. If you instruct us to open an account in the names of two or more people, and we do so, but later determine that one or more of them have not completed our account opening documents or other requirements, you agree to hold us harmless for reliance on your instruction. We may in our discretion for all purposes and circumstances (including determining ownership of the account following the death of any person in whose name the account was opened) either treat the account as being owned by all persons in whose names the account was opened or treat the account as being owned solely by the persons who have signed or completed our account opening documents or other requirements. If we treat the account as owned by all persons in whose names the account was opened, we may permit the non- non-signing person to withdraw funds or take other action on the account without any liability to you. We may open an account without regard to whether you are married and without regard to whether the funds on deposit are your community or separate property. We may require you to close the account in order to remove a co-owner, terminate a joint ownership or change a pay-on death or trust designation.

Some General Terms. ‌ When you open an account, we may rely on information you give us and we maintain in our records. We determine the type and ownership of the account from this information. You are responsible for notifying us when personal information changes. When you ask us to make a change to this information or your account, and we agree to the change, the change is not effective until we have had reasonable time to act on the new information. As an example, if you ask us to change the signers on your account, your requested change is not effective until we have reasonable time to act on it. If we ask you to give us additional documents or information, and you do not do so promptly, we may close your account. When we accept a deposit to an account or permit a withdrawal or payment from an account, we may rely upon the form of the account and the terms of this Agreement at the time we process the transaction. We do not have to inquire about the source or ownership of any funds we receive for deposit or about the application of any withdrawal or payment from an account. When we permit a withdrawal or payment from an account at the request of any signer, or the agent of any signer, in accordance with the terms of this Agreement, the withdrawal or payment is a complete release and discharge of the Bank from all claims regarding the withdrawal or payment. If you instruct us to open an account in the names of two or more people, and we do so, but later determine one or more of them have not completed our account opening documents or other requirements, you agree to hold us harmless for reliance on your instruction. We may in our discretion for all purposes and circumstances (including determining ownership of the account following the death of any person in whose name the account was opened) either treat the account as being owned by all persons in whose names the account was opened or treat the account as being owned solely by the persons who have signed or completed our account opening documents or other requirements. If we treat the account as owned by all persons in whose names the account was opened, we may permit the non- signing person to withdraw funds or take other action on the account without any liability to you. We may open an account without regard to whether you are married and without regard to whether the funds on deposit are your community or separate property. We may require you to close the account in order to remove a co-owner, terminate a joint ownership or change a pay-on death or trust designation.

Some General Terms. When you open an account, we may rely on information you give us and we maintain in our records. We determine the type and ownership of the account from this information. You are responsible for notifying us when personal information changes. When you ask us to make a change to this information or your account, and we agree to the change, the change is not effective until we have had a reasonable time to act on the new information. As an example, if you ask us to change the signers on your account, your requested change is not effective until we have a reasonable time to act on it. If we ask you to give us additional documents or information, and you do not do so promptly, we may close your account. When we accept a deposit to an account or permit a withdrawal or payment from an account, we may rely upon the form of the account and the terms of this Agreement at the time we process the transaction. We do not have to inquire about the source or ownership of any funds we receive for deposit or about the application of any withdrawal or payment from an account. When we permit a withdrawal or payment from an account at the request of any signer, or the agent of any signer, in accordance with the terms of this Agreement, the withdrawal or payment is a complete release and discharge of the Bank from all claims regarding the withdrawal or payment. If you instruct us to open an account in the names of two or more people, and we do so, but later determine that one or more of them have not completed our account opening documents or other requirements, you agree to hold us harmless for reliance on your instruction. We may in our discretion for all purposes and circumstances (including determining ownership of the account following the death of any person in whose name the account was opened) either treat the account as being owned by all persons in whose names the account was opened or treat the account as being owned solely by the persons who have signed or completed our account opening documents or other requirements. If we treat the account as owned by all persons in whose names the account was opened, we may permit the non- non-signing person to withdraw funds or take other action on the account without any liability to you. We may open an account without regard to whether you are married and without regard to whether the funds on deposit are your community or separate property. We may require you to close the account in order to remove a co-owner, terminate a joint ownership or change a pay-on death or trust designation.

Some General Terms. When you open an account, we may rely on information you give us and we maintain in our records. We determine the type and ownership of the account from this information. You are responsible for notifying us when personal information changesinfor- mation. When you ask us to make a change to this information or your account, and we agree to the change, the change is not effective effec- tive until we have had a reasonable time to act on the new information. As an example, if you ask us to change the signers on your account, your requested change is not effective until we have a reasonable time to act on it. If we ask you to give us additional documents or information, and you do not do so promptly, we may close your account. When we accept a deposit to an account or permit a withdrawal or payment from an account, we may rely upon the form of the account and the terms of this Agreement at the time we process the transaction. We do not have to inquire about the source or ownership of any funds we receive for deposit or about the application of any withdrawal or payment from an account. When we permit a withdrawal or payment from an account at the request of any signer, or the agent of any signer, in accordance with the terms of this Agreement, the withdrawal or payment is a complete release and discharge of the Bank from all claims regarding the withdrawal or payment. If you instruct us to open an account in the names of two or more people, and we do so, but later determine that one or more of them have not completed our account opening documents or other requirements, you agree to hold us harmless for reliance on your instruction. We may in our discretion for all purposes and circumstances (including determining ownership of the account following follow- ing the death of any person in whose name the account was opened) either treat the account ac- count as being owned by all persons in whose names the account was opened or treat the account as being owned solely by the persons who have signed or completed our account opening documents or other requirements. If we treat the account as owned by all persons in whose names the account was opened, we may permit the non- non-signing person to withdraw funds or take other action on the account without any liability to you. We may open an account without regard to whether you are married and without regard to whether the funds on deposit are your community or separate property. property.‌ We may require you to close the account in order to remove a co-owner, terminate a joint ownership or change a pay-payable on death or trust designation. Some Basic Terms for Joint Accounts If more than one person’s name appears in the title of an account without a fiduciary, beneficiary or other designation, then the account is a joint account. All persons whose names appear on the account are co-owners of the account, regardless of whose money is deposited in the account. Each co-owner acts as the agent of each other co-owner. Each co-owner authorizes each other co-owner to operate the account without the consent or approval of any other co-owner. We may act and rely on the instruc- tions of one co-owner without liability to any other co-owner. As examples, one co-owner may without the consent or approval of the others: • Add additional persons as co-owners; • Deposit funds and withdraw or transfer part or all of the funds in the account; • Endorse for deposit to the joint account on behalf of any other co-owner an item payable to another co-owner; • Instruct us to stop payment on a check or other item that another co-owner wrote on the account; • Obtain an ATM card or a debit card; • Draw upon an overdraft or other line of credit connected to the account; • Obtain information about the account, including transactions conducted by other co-owners; • Pledge the account as security for any debts; and • Close the account. Each co-owner is jointly and severally liable to us for all fees, charges and other amounts owed to us on, and all costs, losses and liabili- ties related to, this Agreement or the account. All joint accounts are presumed to be joint accounts with the right of survivorship, unless the applicable state law does not permit this presumption or we have agreed with you in writing that the account is owned in another capacity. Right of survivorship means that when a co-owner dies, the funds in the account belong to the surviving co-owner(s), subject to our right to charge the account for any amount the deceased co-owner or a surviving co-owner xxxx us. The rights of survivorship continue between surviving co-owners and we may pay the funds in the account to any surviving co- owner. The appli- cable state law may impose requirements that must be met to create a joint account with right of survivorship. You are solely responsi- ble for meeting these requirements.