Common use of Authorized Signers/Convenience Signers Clause in Contracts

Authorized Signers/Convenience Signers. You may designate a person(s) other than you to act as an authorized signer/convenience signer on any account. The authorized signer/convenience signer is not an owner on the account, but is authorized to perform any action on the account that you may perform except that the authorized signer/convenience signer may not (a) add new owners to the account, (b) add or remove another authorized signer/convenience signer to the account, or (c) close an account. You understand and agree that we have no duty to monitor the acts of the authorized signer to determine if they are being done on your behalf, for your benefit, or permissible under Applicable Law. You agree to indemnify and hold us harmless from and against any Losses that directly or indirectly arise due to any action or inaction an authorized signer/convenience signer has taken or not taken on your account. You may remove an authorized signer/convenience signer from your account by providing written notice to us at: Salisbury Bank and Trust Company Attention: Customer Support PO Box 757 Canaan, CT 06018-0757 However, you understand that we may continue to honor transactions initiated by an authorized signer/convenience signer and will not be liable for doing so until we have had a reasonable opportunity to act on your notice to us.

Authorized Signers/Convenience Signers. You may designate a person(s) other than you to act as an authorized signer/convenience signer on any account. The authorized signer/convenience signer is not an owner on the account, but is authorized to perform any action on the account that you may perform except that the authorized signer/convenience signer may not (a) add new owners to the account, (b) add or remove another authorized signer/convenience signer to the account, or (c) close an account. You understand and agree that we have no duty to monitor the acts of the authorized signer to determine if they are being done on your behalf, for your benefit, or permissible under Applicable Law. You agree to indemnify and hold us harmless from and against any Losses that directly or indirectly arise due to any action or inaction an authorized signer/convenience signer has taken or not taken on your account. You may remove an authorized signer/convenience signer from your account by providing written notice to us at: Salisbury Bank and Trust Company Attention: Customer Support PO P.O. Box 757 Canaan1868 Lakeville, CT 0601806039-0757 1868 However, you understand that we may continue to honor transactions initiated by an authorized signer/convenience signer and will not be liable for doing so until we have had a reasonable opportunity to act on your notice to us.

Authorized Signers/Convenience Signers. You may designate a person(s) other than you to act as an authorized signer/convenience signer on any account. The authorized signer/convenience signer is not an owner on the account, but is authorized to perform any action on the account that you may perform except that the authorized signer/convenience signer may not (a) add new owners to the account, (b) add or remove another authorized signer/convenience signer to the account, or (c) close an account. You understand and agree that we have no duty to monitor the acts of the authorized signer to determine if they are being done on your behalf, for your benefit, or permissible under Applicable Law. You agree to indemnify and hold us harmless from and against any Losses that directly or indirectly arise due to any action or inaction an authorized signer/convenience signer has taken or not taken on your account. You may remove an authorized signer/convenience signer from your account by providing written notice to us at: Salisbury Bank and Trust Company Attention: Customer Support PO Deposit Services P.O. Box 757 Canaan, CT 06018-0757 However, you understand that we may continue to honor transactions initiated by an authorized signer/convenience signer and will not be liable for doing so until we have had a reasonable opportunity to act on your notice to us.

Authorized Signers/Convenience Signers. You may designate a person(s) other than you to act as an authorized signer/convenience signer on any account. The authorized signer/convenience signer is not an owner on the account, but is authorized to perform any action on the account that you may perform except that the authorized signer/convenience signer may not (a) add new owners to the account, (b) add or remove another authorized signer/convenience signer to the account, or (c) close an account. You understand and agree that we have no duty to monitor the acts of the authorized signer to determine if they are being done on your behalf, for your benefit, or permissible under Applicable Law. You agree to indemnify and hold us harmless from and against any Losses that directly or indirectly arise due to any action or inaction an authorized signer/convenience signer has taken or not taken on your account. You may remove an authorized signer/convenience signer from your account by providing written notice to us at: Salisbury Bank and Trust Company Attention: Customer Support PO P.O. Box 757 Canaan, CT 06018-0757 However, you understand that we may continue to honor transactions initiated by an authorized signer/convenience signer and will not be liable for doing so until we have had a reasonable opportunity to act on your notice to us.