Common use of Account Documentation Clause in Contracts

Account Documentation. For any Account in the name of a Company, trust or other non-consumer customer, we require a designation of Authorized Signers in a form satisfactory to us. We will honor such designation according to its terms until we receive written notice that it is amended or terminated and we have a reasonable opportunity to act. You agree to notify us in writing in advance of any changes in ownership or Authorized Signers. If Checks or other Items are presented before we receive all necessary designations, we may refuse to pay the Checks or other Items (even if funds exist in the Account), and you agree to release, indemnify and hold us harmless for any Loss that may result.