Application for Digital Certificate Clause Samples

Application for Digital Certificate a) You hereby authorize the Bank to apply for a Digital Certificate from Certification Authority. If you apply for renewal of the Digital Certificate, you agree that the Bank can cancel your old Digital Certificate on your behalf with the Certification Authority and apply for the new Digital Certificate. All subsequent use and collection of related fees such as handling charges will be dealt with in accordance with the rules and regulations of the Bank and the Certification Authority. b) For joint accounts, each person may have a separate Digital Certificate, or each may use a joint Digital Certificate. Each person on a joint account will be liable for all transactions that are made on that account. Each person on a joint account authorizes all transactions made by any other person on the account. Each person on a joint account agrees to be liable for the actions of the other person(s) on the account. c) Any loss arising from the use of the Digital Certificate will be borne solely by you. The Bank shall not have any liability except where such loss arises from the willful default or gross negligence of the Bank. d) You agree that if there is any loss arising from the misuse the password and/or I-Key/or Token of another Authorized Person (including, but not limited to theft, burglary, robbery, and misappropriation), the Customer will still unconditionally assume all liabilities without claiming against the Bank, unless such loss arises from the willful default or gross negligence of the Bank. If as a consequence of system breakdown or other force majeure event that leads to the transfer operations not being carried on as scheduled by the Bank, the Bank shall have no liability therefor as long as the Bank has used its commercially reasonable efforts to carry out the transaction. e) You shall authorize the Bank to directly debit from your account the extension of Digital Certificate and installation service expenses, if applicable.