Common use of Your Administrator Clause in Contracts

Your Administrator. For many Services, your Administrator can establish separate Access Credentials for you and each Authorized User, perform various administrative tasks, and/or set limits on each Authorized User’s authority to access information and conduct transactions. You assume sole responsibility for the actions of your Administrator (or other person using your Administrator’s Access Credentials), the Access Credentials and authority he or she gives others to act on your behalf, and the actions of Authorized Users (or other person using an Authorized User’s Access Credentials). You or your Administrator will need to designate which Accounts will be utilized for Services. If your Administrator designates an Account with respect to which we have agreed, by separate agreement, to honor a requirement for more than one signature for the withdrawal or transfer of funds, you agree that we may act upon any Service instruction that is accompanied by the Access Credential designated by you or your Administrator for that Account and the Service in question. As long as an instruction is accompanied by the designated Access Credential, the transaction will be deemed authorized by you. NOTE: Subject only to Dual Control settings, this means that a Service may act upon the instruction of only ONE person, even though a separate agreement between you and us requires two or more signatures on checks or other withdrawals or transfers of funds.

Your Administrator. For many Services, your Your Administrator can establish separate Access Credentials (defined below) for you and each Authorized User, perform various administrative tasks, and/or and set limits on each Authorized User’s authority to access information and conduct transactions. You assume sole responsibility for the actions of your Administrator (or other person using your Administrator’s Access Credentials), the Access Credentials and authority he or she gives others to act on your behalf, and the actions of Authorized Users (or other person using an Authorized User’s Access Credentials). You or your Administrator will need to designate which Accounts accounts will be utilized for ServicesService payments and transfers. If your Administrator designates an Account account with respect to which we have agreed, by separate agreement, to honor a requirement for more than one signature for the withdrawal or transfer of funds, you agree that we may act upon any Service instruction that is accompanied by the Access Credential designated by you or your Administrator for that Account account and the Service in question. As long as an instruction is accompanied by the designated Access Credential, the transaction will be deemed authorized by you. NOTE: Subject only to Dual Control settings, this means This may mean that a Service may we will act upon the instruction of only ONE personperson (e.g., to wire funds), even though a separate agreement between you and us requires two or more signatures on checks or other withdrawals or transfers of funds. In addition, nothing in this Agreement shall be deemed to require us to honor any multiple signature requirements.