Examples of Security Procedures in a sentence
Customer agrees that all Security Procedures described in this Master Agreement and any applicable Appendix are commercially reasonable security procedures under applicable law for initiation of Services, including but not limited to, transfers and access to any information, and Bank may charge the Account for any instruction Bank executed in good faith and in conformity with security procedures, whether in fact the transfer was authorized by Customer.
In addition to any other Security Procedures, Bank requires use of dual control, that there be two different Authorized Representative Users, i.e., one who is authorized to initiate the transaction and one who is authorized to approve the transaction (“Wire Transfer Security Procedure”).
Bank may reject any Entry if Company does not adhere to Security Procedures as described herein.
In addition to the Security Procedure(s) set forth in the Master Agreement, Appendix I and this Appendix, Bank requires use of dual control as an additional security measure.
Bank shall be entitled to rely in good faith on communications it receives as being given or sent by an Authorized Representative in conformity with all Security Procedures as being genuine and correct.