Common use of Use of Services with Designated Related Entities Clause in Contracts

Use of Services with Designated Related Entities. This Section governs Customer’s use of the Business Services in conjunction with certain of Customer’s Designated Related Entities (as defined below), as applicable and as may be approved by Bank from time to time, in Bank’s sole and exclusive discretion. 33.1 This Section relates to: (i) Bank’s provision of the Business Services to any of Customer’s Designated Related Entities in relation to each such party’s own Accounts with Bank; (ii) viewing the Accounts of Customer’s Designated Related Entities (“View Access”); (iii) transfers of funds between and among Customer’s Accounts and the Accounts of any Designated Related Entities (“Internal Transfers”); and (iv) transfers of funds from the Account(s) of Customer and/or any Designated Related Entities to third parties by bill payment, ACH or wire transfer, where applicable, as and when approved by Bank in its sole and exclusive discretion (“External Transfers”). The permitted scope of View Access, Internal Transfers and External Transfers is described in this Section. 33.2 Consistent with this Section, Customer and all Designated Related Entities agree, jointly and severally, to be bound by and liable for the terms and conditions set forth in this Agreement, and agree that each obligation of Customer shall be performed by and be the responsibility of all of them. Without limiting the foregoing, Customer and each Designated Related Entity shall be jointly and severally liable for: (a) the use of any of the Business Services as described herein; (b) any fees due with respect to the Business Services; (c) any overdraft resulting from use of the Business Services; and (d) any post-dated instructions or transfers, including Internal Transfers and External Transfers, which may be initiated by any Admin or User. 33.3 For purposes of this Section, “Designated Related Entity” means any business entity related to or affiliated with Customer, that: (i) desires, by means of the Business Services, to authorize and engage in the View Access, Internal Transfers and External Transfers described in this Section; (ii) directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Customer (where “control,” “controls” and “controlled” means ownership of more than fifty percent (50%) of the shares or other equity interests entitled to vote for the election of directors or otherwise select the person(s) authorized to manage an entity); and (iii) Customer designates to Bank in writing or otherwise in accordance with the requirements of the Business Services and such other application, schedule, exhibit, set-up or other form or document as Bank may require from time to time. Subject to Bank’s approval, each Designated Related Entity hereby authorizes and requests Bank to provide the Business Services to each Designated Related Entity as may be requested by Customer from time to time, acting as agent for each Designated Related Entity. Customer is authorized to designate which Accounts of Designated Related Entities with Bank (which may include all such Accounts) shall be accessed using the Business Services and which of the Business Services shall be used in conjunction with each Designated Related Entity. Bank is hereby authorized and directed by each Designated Related Entity to accept instructions from Customer, as agent for Designated Related Entity, with respect to any and all Business Services provided to Designated Related Entity from time to time under this Agreement.

Appears in 1 contract

Samples: Business Services Master Agreement

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Use of Services with Designated Related Entities. This Section governs Customer’s use of the Business Online Banking Services in conjunction with certain of Customer’s Designated Related Entities (as defined below), as applicable and as may be approved by Bank from time to time, in Bank’s sole and exclusive discretion. 33.1 This Section relates to: (i) Bank’s provision of the Business Online Banking Services described in and associated with this Agreement to any of Customer’s Designated Related Entities in relation to each such party’s own Accounts with Bank; (ii) viewing the Accounts of Customer’s Designated Related Entities (“View Access”); (iii) transfers of funds between and among Customer’s Accounts and the Accounts of any Designated Related Entities (“Internal Transfers”); and (iv) transfers of funds from the Account(s) of Customer and/or any Designated Related Entities to third parties by bill xxxx payment, ACH or wire transfer, where applicable, as and when approved by Bank in its sole and exclusive discretion (“External Transfers”). The permitted scope of View Access, Internal Transfers and External Transfers is described in this Section. 33.2 Consistent with this Section, Customer and all Designated Related Entities agree, jointly and severally, to be bound by and liable for the terms and conditions set forth in this Agreement, and agree that each obligation of Customer shall be performed by and be the responsibility of all of them. Without limiting the foregoing, Customer and each Designated Related Entity shall be jointly and severally liable for: for (a) the use of any of the Business Online Banking Services as described herein; , (b) any fees due with respect to the Business Online Banking Services; , (c) any overdraft resulting from use of the Business Online Banking Services; , and (d) any post-dated instructions or transfers, including Internal Transfers and External Transfers, which may be initiated by any Admin or Authorized User. 33.3 For purposes of this Section, “Designated Related Entity” means any business entity related to or of affiliated with Customer, that: (i) desires, by means of the Business Services, to authorize and engage in the View Access, Internal Transfers and External Transfers described in this Section; (ii) directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Customer (where “control,” “controls” and “controlled” means ownership of more than fifty percent (50%) of the shares or other equity interests entitled to vote for the election of directors or otherwise select the person(s) authorized to manage an entity); and (iii) Customer designates to Bank in writing or otherwise in accordance with the requirements of the Business Services and such other application, schedule, exhibit, set-up or other form or document as Bank may require from time to time. Subject to Bank’s approval, each Designated Related Entity hereby authorizes and requests Bank to provide the Business Services to each Designated Related Entity as may be requested by Customer from time to time, acting as agent for each Designated Related Entity. Customer is authorized to designate which Accounts of Designated Related Entities with Bank (which may include all such Accounts) shall be accessed using the Business Services and which of the Business Services shall be used in conjunction with each Designated Related Entity. Bank is hereby authorized and directed by each Designated Related Entity to accept instructions from Customer, as agent for Designated Related Entity, with respect to any and all Business Services provided to Designated Related Entity from time to time under this Agreement.

Appears in 1 contract

Samples: Trustco Bank Retail Online Banking, Bill Paying and Mobile Banking Agreement

Use of Services with Designated Related Entities. This Section governs CustomerMember’s use of the Business Services in conjunction with certain of CustomerMember’s Designated Related Entities (as defined below), as applicable and as may be approved by Bank Navigant from time to time, in Bank’s sole and exclusive discretion. 33.1 34.1 This Section relates to: (i) BankNavigant’s provision of the Business Services described in and associated with this Agreement to any of CustomerMember’s Designated Related Entities in relation to each such party’s own Accounts with Bank; Navigant, (ii) viewing the Accounts of CustomerMember’s Designated Related Entities (“View Access”); , and (iii) transfers of funds between and among CustomerMember’s Accounts and the Accounts of any Designated Related Entities (“Internal Transfers”); and (iv) transfers of funds from the Account(s) of Customer and/or any Designated Related Entities to third parties by bill payment, ACH or wire transfer, where applicable, as and when approved by Bank in its sole and exclusive discretion (“External Transfers”). The permitted scope of View Access, Access and Internal Transfers and External Transfers is described in this Section. 33.2 34.2 Consistent with this Section, Customer Member and all Designated Related Entities agree, jointly and severally, to be bound by and liable for the terms and conditions set forth in this Agreement, and agree that each obligation of Customer Member shall be performed by and be the responsibility of all of them. Without limiting the foregoing, Customer Member and each Designated Related Entity shall be jointly and severally liable for: for (a) the use of any of the Business Services as described herein; , (b) any fees due with respect to the Business Services; , (c) any overdraft resulting from use of the Business Services; , and (d) any post-dated instructions or transfers, including Internal Transfers and External Transfers, which may be initiated by any Admin or Authorized User. 33.3 34.3 For purposes of this Section, “Designated Related Entity” means any business corporation or other entity related to or of affiliated with CustomerMember, that: (i) desires, desires by means of the Business Services, to authorize and engage in the View Access, Access and Internal Transfers and External Transfers described in this Section; (ii) directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Customer Member (where “control,” “controls” and “controlled” means ownership of more than fifty percent (50%) of the shares or other equity interests entitled to vote for the election of directors or otherwise select the person(s) authorized to manage an entity); and (iii) Customer Member designates to Bank Navigant in writing or otherwise in accordance with the requirements of the Business Services and such other application, schedule, exhibit, set-up or other form or document as Bank Navigant may require from time to time, including but not limited to Schedule B to this Agreement (hereinafter a “Designated Related Entity Access Form”). Subject to BankNavigant’s approval, each Designated Related Entity hereby authorizes and requests Bank Navigant to provide the Business Services to each Designated Related Entity as may be requested by Customer Member from time to time, acting as agent for each Designated Related Entity. Customer Such acts of Member may be requested by Member’s Administrator and any Authorized User. Member is authorized to designate which Accounts of Designated Related Entities with Bank Navigant (which may include all such Accounts) shall be accessed using the Business Services and which of the Business Services shall be used in conjunction with each Designated Related Entity. Bank Navigant is hereby authorized and directed by each Designated Related Entity to accept instructions from CustomerMember, as agent for Designated Related Entity, with respect to any and all Business Services provided to Designated Related Entity from time to time under this Agreement.

Appears in 1 contract

Samples: Business Online Banking Agreement

Use of Services with Designated Related Entities. This Section governs Customer’s use of the Business Online Banking Services in conjunction with certain of Customer’s Designated Related Entities (as defined below), as applicable and as may be approved by Bank from time to time, in Bank’s sole and exclusive discretion. 33.1 This Section relates to: (i) Bank’s provision of the Business Online Banking Services described in and associated with this Agreement to any of Customer’s Designated Related Entities in relation to each such party’s own Accounts with Bank; (ii) viewing the Accounts of Customer’s Designated Related Entities (“View Access”); (iii) transfers of funds between and among Customer’s Accounts and the Accounts of any Designated Related Entities (“Internal Transfers”); and (iv) transfers of funds from the Account(s) of Customer and/or any Designated Related Entities to third parties by bill payment, ACH or wire transfer, where applicable, as and when approved by Bank in its sole and exclusive discretion (“External Transfers”). The permitted scope of View Access, Internal Transfers and External Transfers is described in this Section. 33.2 Consistent with this Section, Customer and all Designated Related Entities agree, jointly and severally, to be bound by and liable for the terms and conditions set forth in this Agreement, Agreement and agree that each obligation of Customer shall be performed by and be the responsibility of all of them. Without limiting the foregoing, Customer and each Designated Related Entity shall be jointly and severally liable for: for (a) the use of any of the Business Online Banking Services as described herein; , (b) any fees due with respect to the Business Online Banking Services; , (c) any overdraft resulting from use of the Business Online Banking Services; , and (d) any post-dated instructions or transfers, including Internal Transfers and External Transfers, which may be initiated by any Admin or Authorized User. 33.3 For purposes of this Section, “Designated Related Entity” means any a business entity related to or affiliated with Customer, that: (i) desires, by means of the Business Services, to authorize and engage in the View Access, Internal Transfers and External Transfers described in this Section; (ii) directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Customer (where “control,” “controls” and “controlled” means ownership of more than fifty percent (50%) of the shares or other equity interests entitled to vote for the election of directors or otherwise select the person(s) authorized to manage an entity); and (iii) Customer designates to Bank in writing or otherwise in accordance with the requirements of the Business Services and such other application, schedule, exhibit, set-up or other form or document as Bank may require from time to time. Subject to Bank’s approval, each Designated Related Entity hereby authorizes and requests Bank to provide the Business Services to each Designated Related Entity as may be requested by Customer from time to time, acting as agent for each Designated Related Entity. Customer is authorized to designate which Accounts of Designated Related Entities with Bank (which may include all such Accounts) shall be accessed using the Business Services and which of the Business Services shall be used in conjunction with each Designated Related Entity. Bank is hereby authorized and directed by each Designated Related Entity to accept instructions from Customer, as agent for Designated Related Entity, with respect to any and all Business Services provided to Designated Related Entity from time to time under this Agreement.

Appears in 1 contract

Samples: Business Online Banking Terms and Conditions

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Use of Services with Designated Related Entities. This Section governs Customer’s 's use of the Business Services in conjunction with certain of Customer’s 's Designated Related Entities (as defined below), as applicable and as may be approved by Bank from time to time, in Bank’s 's sole and exclusive discretion. 33.1 This Section relates to: (i) Bank’s 's provision of the Business Services described in and associated with this Agreement to any of Customer’s 's Designated Related Entities in relation to each such party’s 's own Accounts with Bank; (ii) viewing the Accounts of Customer’s 's Designated Related Entities ("View Access"); (iii) transfers of funds between and among Customer’s 's Accounts and the Accounts of any Designated Related Entities ("Internal Transfers"); and (iv) transfers of funds from the Account(s) of Customer and/or any Designated Related Entities to third parties by bill payment, ACH or wire transfer, where applicable, as and when approved by Bank in its sole and exclusive discretion ("External Transfers"). The permitted scope of View Access, Internal Transfers and External Transfers is described in this Section. 33.2 Consistent with this Section, Customer and all Designated Related Entities agree, jointly and severally, to be bound by and liable for the terms and conditions set forth in this Agreement, and agree that each obligation of Customer shall be performed by and be the responsibility of all of them. Without limiting the foregoing, Customer and each Designated Related Entity shall be jointly and severally liable for: for (a) the use of any of the Business Services as described herein; , (b) any fees due with respect to the Business Services; , (c) any overdraft resulting from use of the Business Services; , and (d) any post-dated instructions or transfers, including Internal Transfers and External Transfers, which may be initiated by any Admin or Authorized User. 33.3 For purposes of this Section, "Designated Related Entity" means any business entity related to or of affiliated with Customer, that: (i) desires, by means of the Business Services, to authorize and engage in the View Access, Internal Transfers and External Transfers described in this Section; (ii) directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Customer (where "control,” “" "controls" and "controlled" means ownership of more than fifty percent (50%) of the shares or other equity interests entitled to vote for the election of directors or otherwise select the person(s) authorized to manage an entity); and (iii) Customer designates to Bank in writing or otherwise in accordance with the requirements of the Business Services and such other application, schedule, exhibit, setSet-up Up Form or other form or document as Bank may require from time to timetime (hereinafter a "Designated Related Entity Access Form"). Subject to Bank’s 's approval, each Designated Related Entity hereby authorizes and requests Bank to provide the Business Services to each Designated Related Entity as may be requested by Customer from time to time, acting as agent for each Designated Related Entity. Such acts of Customer may be requested by Xxxxxxxx's Administrator and any Authorized User. Customer is authorized to designate which Accounts of Designated Related Entities with Bank (which may include all such Accounts) shall be accessed using the Business Services and which of the Business Services shall be used in conjunction with each Designated Related Entity. Bank is hereby authorized and directed by each Designated Related Entity to accept instructions from Customer, as agent for Designated Related Entity, with respect to any and all Business Services provided to Designated Related Entity from time to time under this Agreement.

Appears in 1 contract

Samples: Business & Government Services Master Agreement

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