ABA FTP FedLine Access Clause Samples
ABA FTP FedLine Access. When a Customer’s business needs require it to download the complete E-Payments Routing Directory data file published by the Federal Reserve, the Customer must request an E-Payments Routing Directory download code from the bank that processes its ACH and wire payments. This download code enables Customer’s organization to electronically retrieve the complete E-Payments Routing Directory data file on an automated basis subject to certain terms applicable to the use of the code (“Download Code”) and the E-Payments Routing Directory (the “Directory”). Each Customer who has requested a Download Code from the Bank hereby acknowledges and agrees that use of the Download Code and the Directory subject to the following terms and conditions:
a. Customer shall keep the Download Code confidential and agrees not to not sell, relicense or distribute the Download Code or the directory to any third party;
b. Customer acknowledges that the Download Code may expire or terminate at any time, with or without cause;
c. Customer agrees to use the Download Code solely for the purpose of downloading the directory with an automated program in order to facilitate the processing and settling of transactions, and expressly agrees that it will immediately terminate its use of the Download Code when the Customer is no longer a Customer of the Bank;
d. Customer acknowledges and agrees that neither the Bank nor the Federal Reserve Banks are liable for any losses or damages of any kind arising in connection with the Customer's use, or inability to use, the Download Code or the Directory;
e. Customer hereby agrees to implement and maintain the controls and security measures, procedures, protocols and requirements as established from time to time in the operational documentation associated with the use of the Download Code and access to the Directory; and
f. Bank may notify Customer of additional terms of use applicable to the Download Code and Directory from time to time and shall have the right at any time to terminate Customer’s use of the Download Code and the Directory in the event of any suspected violation of this Agreement or other applicable terms of use.
ABA FTP FedLine Access. When a Customer’s business needs require it to download the complete E-Payments Routing Directory data file published by the Federal Reserve, the Customer must request an E-Payments Routing Directory download code from the bank that processes its ACH and wire payments. This download code enables Customer’s organization to electronically retrieve the complete E-Payments Routing Directory data file on an automated basis subject to certain terms applicable to the use of the code (“Download Code”) and the E-Payments Routing Directory (the “Directory”). Each Customer who has requested a Download Code from the Bank hereby acknowledges and agrees that use of the Download Code and the Directory subject to the following terms and conditions:
a. Customer shall keep the Download Code confidential and agrees not to not sell, relicense or distribute the Download Code or the directory to any third party;
b. Customer acknowledges that the Download Code may expire or terminate at any time, with or without cause;
c. Customer agrees to use the Download Code solely for the purpose of downloading the directory with an automated program in order to facilitate the processing and settling of transactions, and expressly agrees that it will immediately terminate its use of the Download Code when the Customer is no longer a Customer of the Bank;