Common use of AUTHORIZATION FOR TRANSACTIONS Clause in Contracts

AUTHORIZATION FOR TRANSACTIONS. You acknowledge and agree that: a) using the PAC, PIW, PIN, or Passcode to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by You or a Signing Officer in person or as otherwise contemplated or permitted by the Account Agreement; b) You will be bound by each such Transaction; and c) once the PAC, PIW, PIN, or Passcode has been used to authorize a Transaction, the Transaction cannot be revoked or countermanded. You irrevocably authorize and direct Us to debit or credit, as the case may be, the amount of any Transaction to the Account, together with any service charges or fees, authorized using the PAC, PIW, PIN, or Passcode, in person by You or a Signing Officer, or as otherwise contemplated or permitted by the Account Agreement, in accordance with the normal practices of the Financial Institution, which may be amended from time to time without notice.

Appears in 21 contracts

Sources: Standard Terms and Conditions for Business Accounts, Terms and Conditions, Standard Terms and Conditions

AUTHORIZATION FOR TRANSACTIONS. You acknowledge and agree that: a) using the PAC, PIW, PIN, or Passcode to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by You or a Signing Officer in person or as otherwise contemplated or permitted by the Account Agreement; b) You will Youwill be bound by each such Transaction; and c) once the PAC, PIW, PIN, or Passcode has been used to authorize a Transaction, the Transaction cannot be revoked or countermanded. You irrevocably authorize and direct Us to debit or credit, as the case may be, the amount of any Transaction to the Account, together with any service charges or fees, authorized using the PAC, PIW, PIN, or Passcode, in person by You or a Signing Officer, or as otherwise contemplated or permitted by the Account Agreement, in accordance with the normal practices of the Financial Institution, which may be amended from time to time without noticewithoutnotice.

Appears in 1 contract

Sources: Direct Services Agreement