Unauthorized Payment Orders Sample Clauses

Unauthorized Payment Orders. Customer shall comply with the Security Procedures with respect to payment orders transmitted by Customer to the Bank. Customer agrees that such Security Procedures are commercially reasonable. Customer agrees to be bound by any payment order that Bank acts on in accordance with such Security Procedure. Customer acknowledges that the purpose of such Security Procedure is for verification of authenticity and not to detect an error in the transmission or content of a payment order. Customer is solely responsible for maintaining its computers, equipment and software in good working order, including using up-to-date firewall and virus protection software, so it is able to interface with Bank’s systems and support Bank’s security procedures. Customer is strictly responsible for establishing and maintaining the procedures to safeguard against unauthorized transmissions. Customer warrants that no individual will be allowed to initiate payment orders in the absence of proper supervision and safeguards, and agrees to take reasonable steps to maintain the confidentiality of the Security Procedures and any logins, passwords, codes, security devices and related instructions provided by the Bank. If Customer believes or suspects that any such information or instructions have been known, accessed by or disclosed to unauthorized persons, Customer agrees to immediately notify the Bank and to provide written confirmation and that Bank will have reasonable time to act on such notice. The occurrence of unauthorized access will not affect any payment orders executed in good faith by the Bank prior to receipt of such notification and within a reasonable time period thereafter to prevent unauthorized payment orders
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Unauthorized Payment Orders. Customer agrees to notify the Bank of any unauthorized Payment Order, any payment to a Beneficiary not intended by the Customer, any payment in an amount greater than the amount intended by the Customer and any Payment Order duplicative of a Payment Order previously sent by the Customer, along with the relevant facts relating to the error, immediately but no later than the next Business Day after the Customer receives notice from the Bank (or its Provider) with information that the Payment Order was accepted by the Bank or that an Account was debited with respect to the Payment Order. The Customer shall be liable to the Bank for any losses Bank incurs as a result of the Customer’s failure to discover the error and notify the Bank. This duty on the part of the Customer to discover errors and notify the Bank shall also apply to amendments to Payment Orders.
Sample 1
Unauthorized Payment Orders. You agree to notify us immediately of any unauthorized Payment Order, any payment to a beneficiary not intended by you, any payment in an amount greater than the amount you intended, and any Payment Order duplicative of a Payment Order you previously sent, along with the relevant facts relating to the error, or in any event no later than the next Business Day after you receive notice from us with information that the Payment Order was accepted by us or that an Account was debited with respect to the Payment Order. You shall be liable to us for any Losses we incur as a result of your failure to discover the error and notify us within this time frame. Your duty to discover errors and notify us shall also apply to amendments to Payment Orders.
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Related to Unauthorized Payment Orders

  • Other Authorized Payments For other authorized transactions of the Fund, or other obligations of the Fund incurred for proper Fund purposes; provided that before making any such payment the Bank will also receive a certified copy of a resolution of the Board signed by an Authorized Person (other than the Person certifying such resolution) and certified by its Secretary or Assistant Secretary, naming the person or persons to whom such payment is to be made, and either describing the transaction for which payment is to be made and declaring it to be an authorized transaction of the Fund, or specifying the amount of the obligation for which payment is to be made, setting forth the purpose for which such obligation was incurred and declaring such purpose to be a proper corporate purpose.

  • Preauthorized Payments You may make arrangements to pay certain recurring bills from your checking or savings account(s).

  • Authorized Parties The Company shall identify the Named Fiduciary to the Trustee and shall furnish the Trustee with a written list of the names, signatures and extent of authority of all persons authorized to direct the Trustee and otherwise act on behalf of the Company under the terms of this Agreement. The Named Fiduciary will provide the Trustee with a written list of the names, signatures and extent of authority of all persons authorized to act on behalf of the Named Fiduciary. The Trustee shall be entitled to rely on and shall be fully protected in acting upon direction from an authorized party until notified in writing by the Company or the Named Fiduciary, as appropriate, of a change of the identity of an authorized party.

  • INVOICING INSTRUCTIONS The A-E will provide an invoice on the A-E’s letterhead. Each invoice will have a unique number and will include the following information: A. A-E’s name and address B. A-E’s remittance address, if different from (A), above C. Name of COUNTY agency/department D. Delivery/service address E. CONTRACT number F. Service Date G. Description of Services H. Total I. Taxpayer ID number Invoices and support documentation are to be forwarded to:

  • Payment – Invoicing Instructions The Contractor will provide an invoice on the Contractor’s letterhead for goods delivered and/or services rendered. In the case of goods, the Contractor will leave an invoice with each delivery. Each invoice will have a number and will include the following information: A. Contractor’s name and address B. Contractor’s remittance address, if different from A above C. Contractor’s Taxpayer ID Number

  • Customer Instructions The documentation shipped with the returned defective Boeing Product may include specific technical instructions for additional work to be performed on the Boeing Product. The absence of such instructions will evidence Customer's authorization for Boeing to perform all necessary Corrections and work required to return the Boeing Product to a serviceable condition.

  • Safeguarding Customer Information The Servicer has implemented and will maintain security measures designed to meet the objectives of the Interagency Guidelines Establishing Standards for Safeguarding Customer Information published in final form on February 1, 2001, 66 Fed. Reg. 8616 and the rules promulgated thereunder, as amended from time to time (the “Guidelines”). The Servicer shall promptly provide the Master Servicer, the Trustee and the NIMS Insurer information reasonably available to it regarding such security measures upon the reasonable request of the Master Servicer, the Trustee and the NIMS Insurer which information shall include, but not be limited to, any Statement on Auditing Standards (SAS) No. 70 report covering the Servicer’s operations, and any other audit reports, summaries of test results or equivalent measures taken by the Servicer with respect to its security measures to the extent reasonably necessary in order for the Seller to satisfy its obligations under the Guidelines.

  • Timeliness of Instructions In giving an Instruction, the Fund shall take into consideration delays which may occur due to the involvement of a Subcustodian or agent, differences in time zones, and other factors particular to a given market, exchange or issuer. When the Custodian has established specific timing requirements or deadlines with respect to particular classes of Instruction, or when an Instruction is received by the Custodian at such a time that it could not reasonably be expected to have acted on such instruction due to time zone differences or other factors beyond its reasonable control, the execution of any Instruction received by the Custodian after such deadline or at such time (including any modification or revocation of a previous Instruction) shall be at the risk of the Fund.

  • Instructions (a) The data importer shall process the personal data only on documented instructions from the data exporter. The data exporter may give such instructions throughout the duration of the contract. (b) The data importer shall immediately inform the data exporter if it is unable to follow those instructions.

  • Authorized Instructions The Custodian shall be entitled to rely upon any Oral Instructions or Instructions actually received by the Custodian and reasonably believed in good faith by the Custodian to be from an Authorized Person (“Authorized Instructions”). Notwithstanding any other provision included in this Agreement, Written Instructions relating to the disbursement of moneys of the Fund other than in connection with the purchase, sale or settlement of Securities, shall be in the form of a Certificate. The Fund agrees that an Authorized Person shall forward to the Custodian Instructions confirming Oral Instructions by the close of business of the same day that such Oral Instructions are given to the Custodian. The Fund agrees that the fact Instructions confirming Oral Instructions are not received or that contrary Instructions are received by the Custodian after the Custodian has effected such Oral Instructions shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions and effected by the Custodian.

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