Common use of Telephone and Telefax Authorization Clause in Contracts

Telephone and Telefax Authorization. (a) The Bank may honor telephone or telefax instructions for advances or repayments given by any one of the individual signer(s) of this Agreement or a person or persons authorized by any one of the signer(s) of this Agreement. (b) Advances will be deposited in and repayments will be withdrawn from AI's account number 851001305, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrowers. (c) The Borrowers indemnify and excuse the Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone or telefax instructions it reasonably believes are made by a signer of this Agreement or a person authorized by a signer. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Agribiotech Inc)

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Telephone and Telefax Authorization. (a) The Bank may honor telephone or telefax instructions for advances or repayments given by any one of the individuals authorized to sign loan agreements on behalf of each Borrower, or any other individual signer(s) of this Agreement or a person or persons authorized designated by any one of the signer(s) of this Agreementsuch authorized signers. (b) Advances will be deposited in and repayments will be withdrawn from AIBorrower l's account number 85100130514878-03863, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrowers. (c) The Borrowers indemnify and excuse the Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone or telefax instructions it the Bank reasonably believes are made by a signer of this Agreement or a person any individual authorized by a signerthe Borrowers to give such instructions. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (California Water Service Group)

Telephone and Telefax Authorization. (a) The Bank may honor telephone or telefax instructions for advances or repayments given by any one of the individual signer(s) of this Agreement or a person or persons authorized by any one of the signer(s) of this Agreement. (b) Advances will be deposited in and repayments will be withdrawn from AI's account number 85100130523909321, or such other of the Borrower's accounts with the Bank as Xxxx xx designated in writing by the BorrowersBorrower. (c) The Borrowers indemnify Borrower indemnifies and excuse excuses the Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone or telefax instructions it reasonably believes are made by a signer of this Agreement or a person any individual authorized by a signerthe Borrower to give such instructions. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Garcia Ernest C Ii)

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Telephone and Telefax Authorization. (a) The Bank may honor telephone or telefax instructions for advances or repayments or for the designation of optional interest rates or the issuance of letters of credit given by any one of the individual signer(s) of this Agreement or a person or persons authorized in writing by any one of the signer(s) of this Agreement. (b) Advances will be deposited in and repayments will be withdrawn from AI's account number 851001305, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrowers. (c) The Borrowers indemnify and excuse the Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone or telefax instructions it reasonably believes are made by a signer of this Agreement or a person any individual authorized by a signerthe Borrowers to give such instructions. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Sunquest Information Systems Inc)

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