Common use of Authorization Changes Clause in Contracts

Authorization Changes. Company agrees that only those persons authorized pursuant to this Agreement and any attachments, exhibits, schedules and/or amendments hereinafter attached thereto, may initiate and/or verify Requests with Bank. Furthermore, wires may be initiated only from the account numbers designated on the Authorization and/or pursuant to this Agreement and any attachments, exhibits, schedules and/or amendments hereinafter attached thereto. Changes by Company in any information supplied to Bank or any changes in the designated account numbers or authority of the persons named on the Authorization and/or pursuant to this Agreement and any attachments, exhibits, schedules and/or amendments hereinafter attached thereto, shall not be binding upon Bank until Bank has received actual written notice of the changes and has had reasonable time to implement them.

Appears in 4 contracts

Samples: Internet Banking Agreement, Internet Banking Agreement, Internet Banking Agreement

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