Authority to Deposit Sample Clauses

Authority to Deposit. If a Signing Authority (as listed on the Application) has been given the authority to make deposits, they have the authority to do the following:
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Authority to Deposit. ATB Financial may deposit all funds, bills of exchange or other instruments received from or for you to the Account on the signature of any Account Holder, even if the item is payable to more than one of you. ATB Financial may endorse any item for deposit on your behalf without liability. ATB Financial may refuse to accept any deposit to the Account. ATB Financial may place holds on any deposit to the Account. Any such hold(s) on any deposit to the Account is for the sole benefit of ATB Financial and the release or expiry of any such hold on any deposit is not a representation by ATB Financial that the deposit has, or will, clear. ATB Financial may accept direct deposits to the Account at ATB Financial's discretion. ATB Financial will not be responsible for any delay or failure to credit the deposit, or failure to follow direct deposit instructions given by you to another party. You must notify the party who makes direct deposits to your Account of any change in the direct deposit information. ATB Financial may debit the Account for the amount of any deposit items that have been credited to your Account and are later dishonoured or returned for any reason, including any deposit to the Account that ATB Financial has, or had, placed a hold. You waive presentment for payment, notice of dishonour, protest and notice of protest on all bills of exchange, instruments and other items requiring such action. You will be liable to ATB Financial in respect of all items as if they had been presented and as if you had received notice of their dishonour. If any such item is lost, stolen or destroyed, you agree to release ATB Financial from any liability and to indemnify ATB Financial and save it harmless from any loss, claim or demand.
Sample 1

Related to Authority to Deposit

  • Authority to Sign If this document is not signed by all of the persons comprising the Supplier, any person who has signed this document warrants to DFMC that it is duly authorised to sign and bind all the persons comprising the Supplier.

  • Authority to Sell The execution and delivery of this Agreement, and the completion of the transaction contemplated by this Agreement has been duly and validly authorized by all necessary corporate action on the part of the Vendor, and this Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable against the Vendor in accordance with its terms except as may be limited by laws of general application affecting the rights of creditors;

  • Authority to Bind Each individual who executes this Agreement on behalf of a party represents that he/she is duly authorized to execute this Agreement on behalf of that party and is operating within the scope of his/her authority.

  • Authority to Execute Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal authority to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such party’s obligations hereunder have been duly authorized. [Signatures on Following Page]

  • Authority to File The Aggrieved Person may request an expedited Appeal either orally or in writing.

  • Authority to Borrow Evidence that the execution, delivery and performance by the Borrower of this Agreement and any document, instrument or agreement required hereunder have been duly authorized.

  • AUTHORITY TO MODIFY Pursuant to the Financial Regulations and Rules of UNDP, only the UNDP Authorized Official possesses the authority to agree on behalf of UNDP to any modification of or change in this Agreement, to a waiver of any of its provisions or to any additional contractual relationship of any kind with the Contractor. Accordingly, no modification or change in this Contract shall be valid and enforceable against UNDP unless provided by an amendment to this Agreement signed by the Contractor and jointly by the UNDP Authorized Official.

  • Authority to Act Architect/Engineer warrants, represents, and agrees that (1) it is a duly organized and validly existing legal entity in good standing under the laws of the state of its incorporation or organization; (2) it is duly authorized and in good standing to conduct business in the State of Texas; (3) it has all necessary power and has received all necessary approvals to execute and deliver this Agreement; and (4) the individual executing this Agreement on behalf of Architect/Engineer has been duly authorized to act for and bind Architect/Engineer.

  • RIGHT TO AUDIT; SUPPORTING DOCUMENTS; AUTHORITY OF STATE AUDITOR By executing this Agreement, implementing the authority of, and accepting the benefits provided by Chapter 313 of the TEXAS TAX CODE, the Parties agree that this Agreement and their performance pursuant to its terms are subject to review and audit by the State Auditor as if they are parties to a State contract and subject to the provisions of Section 2262.154 of the TEXAS GOVERNMENT CODE and Section 313.010(a) of the TEXAS TAX CODE. The Parties further agree to comply with the following requirements:

  • Authority of Agent Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority.

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