Common use of Use of Products Clause in Contracts

Use of Products. a. You agree that the Products will be used only by you and joint owners of respective accounts, provided that each Joint Owner agrees to be bound by the terms hereof and further that you will be liable for your joint owners’ acts and omissions in connection with the Products. For purposes of this Agreement, "Joint Owner" means those Individuals that control, are controlled by or are under common control with you. For purposes of this definition, "control" (including with correlative meaning, controlled by, and under common control with) means the possession, directly or indirectly, of greater than a 50% ownership interest in an entity.

Appears in 3 contracts

Samples: Treasury Management Master Agreement, Treasury Management Master Agreement, Treasury Management Master Agreement

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Use of Products. a. You agree i) Customer agrees that the Products will be used only by you Customer and joint owners of respective accountsCustomer’s Affiliates, provided that each Joint Owner Affiliate agrees to be bound by the terms hereof and further that you Customer will be liable for your joint owners’ Customer’s Affiliates' acts and omissions in connection with the Products. For purposes of this Agreement, "Joint OwnerAffiliates" means those Individuals entities that control, are controlled by or are under common control with youCustomer. For purposes of this definition, "control" (including with correlative meaning, controlled by, and under common control with) means the possession, directly or indirectly, of greater than a 50% ownership interest in an entity.

Appears in 1 contract

Samples: Banking Services Agreement

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