WIRE TRANSFER SECURITY PROCEDURES Sample Clauses

WIRE TRANSFER SECURITY PROCEDURES. ADDITIONAL INFORMATION ---------------------- Telephone Communications - All telephone communication between BFDS and the client will be handled on recorded telephone lines. Transfers Initiated Via Facsimile Transmission - Transfers initiated via fax may use either repetitive wire security procedures, telephone confirmation or a combination of both. Optional Security Procedure - Client may establish telephone confirmation procedures to authenticate repetitive manual wires initiated via telephone, untested facsimile or mail in excess of certain dollar amounts using the attached forms.
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WIRE TRANSFER SECURITY PROCEDURES. SECTIONS I and II SHOULD BE COMPLETED BY ALL CLIENTS -------------------------------------------------------------------------------- Please type all documentation. ------------------------------
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WIRE TRANSFER SECURITY PROCEDURES. Customer and Secured Party have requested that following receipt of a Rights Termination Notice Xxxxx Fargo make the transfers out of the Restricted Account on Xxxxx Fargo's initiative in accordance with Section 6 of this Agreement even though Customer and Secured Party understand that transfers out of the Restricted Account would be more secure if they were each requested on Customer's or Secured Party's personal computer using Xxxxx Fargo's electronic funds transfer service, which service contains Xxxxx Fargo's recommended security procedures for funds transfers. Customer and Secured Party agree that the following security procedures will be used before the first transfer out of the Restricted Account to the Secured Party Account specified at the end of this Agreement, before the first transfer out of the Restricted Account to any new Secured Party account, and before any change in the transfer instructions in this Agreement become effective, to attempt to make certain that the transfers requested pursuant to Section 6 of this Agreement or any other transfers out of the Restricted Account are authorized by Customer and Secured Party: (1) Xxxxx Fargo will compare the signature under which Customer signs this Agreement with the sample signature at the end of this Agreement under the heading "TRANSFER AUTHORIZERS", and (2) Xxxxx Fargo will call back one of the persons named at the end of this Agreement under the heading "TRANSFER VERIFIERS" and attempt to obtain verification of the transfers requested under this Agreement. This Agreement will not be accepted by Xxxxx Fargo or any transfer made out of the Restricted Account if the two signatures do not, in Xxxxx Fargo's opinion, match or if the transfers requested under Section 6 of this Agreement or any other transfers out of the Restricted Account are not verified by someone purporting to be a Transfer Verifier listed at the end of this Agreement. Xxxxx Fargo is under no obligation to confirm in any other way the identity of any purported Transfer Verifier or the person signing this Agreement for Customer. Customer and Secured Party agree to be bound by each transfer out of the Restricted Account if Xxxxx Fargo makes such transfer in good faith and in compliance with these security procedures, even if the transfer is not properly authorized by Customer. If Xxxxx Fargo takes any action in addition to these security procedures in an attempt to determine if the transfers are authorized by Customer or Secured ...
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WIRE TRANSFER SECURITY PROCEDURES. ADDITIONAL INFORMATION Telephone Communications - All telephone communication between Boston Financial and the client will be handled on recorded telephone lines. Transfers Initiated Via Facsimile Transmission - Transfers initiated via fax may use repetitive wire security procedures, telephone confirmation or a combination of both. Optional Security Procedure - Client may establish telephone confirmation procedures to authenticate repetitive manual wires initiated via telephone, untested facsimile or mail in excess of certain dollar amounts using the attached forms. WIRE TRANSFER SECURITY PROCEDURES ________________________________________________________________________________ SECTIONS I and II SHOULD BE COMPLETED BY ALL CLIENTS ________________________________________________________________________________ Please type all documentation. SECTION I Client/Fund ________________________________________________________________________________ Street: ______________________________________________________ Apt: ____________ City: ____________________________ State: __________________ Zip: ______________ Phone Number: ( ) _____________________ Fax Number: ( ) _____________________
Sample 1
WIRE TRANSFER SECURITY PROCEDURES. (a) Customer agrees that it shall be solely responsible to assure that such Security Procedures are followed, as amended from time to time. If such Procedures are violated, Customer agrees to promptly notify Bank of any such breach. Customer acknowledges that Security Procedures are used to verify the authenticity of transactions but not to detect errors in any transaction Customer The Security Procedures do not verify the actual identity of the users of the Services and do not monitor the actions of users to determine whether they have exceeded their authority. Customer acknowledges that it has reviewed all applicable Security Procedures, has selected its preferred Security Procedure where applicable, has determined that such Security Procedures are commercially reasonable and Customer hereby waives any objection that they are not.
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Related to WIRE TRANSFER SECURITY PROCEDURES

  • Security Procedures The Fund shall comply with data access operating standards and procedures and with user identification or other password control requirements and other security procedures as may be issued from time to time by State Street for use of the System on a remote basis and to access the Data Access Services. The Fund shall have access only to the Fund Data and authorized transactions agreed upon from time to time by State Street and, upon notice from State Street, the Fund shall discontinue remote use of the System and access to Data Access Services for any security reasons cited by State Street; provided, that, in such event, State Street shall, for a period not less than 180 days (or such other shorter period specified by the Fund) after such discontinuance, assume responsibility to provide accounting services under the terms of the Custodian Agreement.

  • Security Procedure The Client acknowledges that the Security Procedure it has designated on the Selection Form was selected by the Client from Security Procedures offered by State Street. The Client agrees that the Security Procedures are reasonable and adequate for its wire transfer transactions and agrees to be bound by any payment orders, amendments and cancellations, whether or not authorized, issued in its name and accepted by State Street after being confirmed by any of the selected Security Procedures. The Client also agrees to be bound by any other valid and authorized payment order accepted by State Street. The Client shall restrict access to confidential information relating to the Security Procedure to authorized persons as communicated in writing to State Street. The Client must notify State Street immediately if it has reason to believe unauthorized persons may have obtained access to such information or of any change in the Client’s authorized personnel. State Street shall verify the authenticity of all instructions according to the Security Procedure.

  • Disbursement Procedures The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement.

  • Administrative Procedures Administrative procedures with respect to the sale of Notes shall be agreed upon from time to time by the Agents and the Company (the "Procedures"). The Agents and the Company agree to perform the respective duties and obligations specifically provided to be performed by them in the Procedures.

  • FORM AND SECURITY PROCEDURES Proper Instructions may be in writing signed by the authorized individual or individuals or may be in a tested communication or in a communication utilizing access codes effected between electro-mechanical or electronic devices or may be by such other means and utilizing such intermediary systems and utilities as may be agreed to from time to time by the Custodian and the individual or organization giving the instruction, provided that the Fund has followed any security procedures agreed to from time to time by the applicable Fund and the Custodian including, but not limited to, the security procedures selected by the Fund by reference to the form of Funds Transfer Addendum hereto, the terms of which are part of this Agreement. The Custodian may agree to accept oral instructions, and in such case oral instructions will be considered Proper Instructions. The Fund shall cause all oral instructions to be confirmed in writing, but the Fund’s failure to do so shall not affect the Custodian’s authority to rely on the oral instructions.

  • Advance Procedures A request for advance made by telephone must be promptly confirmed in writing by such method as the Bank may require. The Borrower authorizes the Bank to accept telephonic requests for advances, and the Bank shall be entitled to rely upon the authority of any person providing such instructions. The Borrower hereby indemnifies and holds the Bank harmless from and against any and all damages, losses, liabilities, costs and expenses (including reasonable attorneys' fees and expenses) which may arise or be created by the acceptance of such telephone requests or making such advances. The Bank will enter on its books and records, which entry when made will be presumed correct, the date and amount of each advance, the interest rate and interest period applicable thereto, as well as the date and amount of each payment.

  • Payment Procedures Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i)(A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.

  • Loan Procedures □ (a) Loans will be provided under the default loan procedures set forth in Section 13 of the Plan, unless modified under this Appendix B.

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

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