Common use of TELEPHONE AUTHORIZATION Clause in Contracts

TELEPHONE AUTHORIZATION. (a) The Bank may honor telephone instructions for advances or repayments or for the designation of optional interest rates given by any one of the individuals authorized to sign loan agreements on behalf of the Borrower, or any other individual designated by any one of such authorized signers. (b) Advances will be deposited in and repayments will be withdrawn from the Account, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (c) The Borrower indemnifies and excuses the Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone instructions it reasonably believes are made by any individual authorized by the Borrower to give such instructions. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Sport Chalet Inc)

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TELEPHONE AUTHORIZATION. (a) The Bank may honor telephone instructions for advances or repayments or for the designation of optional interest rates given by any one of the individuals authorized to sign loan agreements on behalf of the Borrower, or any other individual designated by any one of such authorized signers. (b) Advances will be deposited in and repayments will be withdrawn from the AccountBorrower's account number 09326-00675, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (c) The Borrower indemnifies and excuses the Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone instructions it reasonably believes are made by any individual authorized by the Borrower to give such instructions. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Powerwave Technologies Inc)

TELEPHONE AUTHORIZATION. (a) The Bank may honor telephone instructions for advances or repayments or for the designation of optional interest rates given signer(s) of this Agreement or a person or persons authorized by any one the signer(s) of the individuals authorized to sign loan agreements this Agreement on behalf of the Borrower, or any other individual designated by any one of such authorized signersFacility 1. (b) Advances on Facility 1 will be deposited in and repayments will be withdrawn from the AccountBorrower's account number 28013-00339, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (c) The Borrower indemnifies and excuses execuses the Bank (including its officers, employees, and agents) for, from and against all liability, loss, and costs in connection with any act resulting from telephone instructions it reasonably believes are made by any individual a signer of this Agreement or a person authorized by the Borrower to give such instructionsa signer. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Claremont Technology Group Inc)

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TELEPHONE AUTHORIZATION. (a) The Bank may honor telephone instructions for advances or repayments repayments, or for the designation of optional interest rates given by any one the individual signer(s) of the individuals authorized to sign loan agreements on behalf of the Borrowerthis Agreement, or any other individual designated a person or persons authorized by any one the signer(s) of such authorized signersthis Agreement. (b) Advances will be deposited in and repayments will be withdrawn from the AccountBorrower's account number 21164-04338, or such other of the Borrower's accounts with the Bank as designated in writing by the Borrower. (c) The Borrower indemnifies and excuses the Bank (including its officers, employees, and agents) for, from and against all liability, loss, and costs in connection with any act resulting from telephone instructions it reasonably believes are made by any individual a signer of this Agreement or a person authorized by the Borrower to give such instructionsa signer. This indemnity and excuse will survive this Agreement's termination.

Appears in 1 contract

Samples: Business Loan Agreement (Coffee People Inc)

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