Common use of Banking Instructions Clause in Contracts

Banking Instructions. a. Of Contracting Party - An officer or representative of the Contracting Party authorized to provide banking instructions shall notify Exchange of the Contracting Party’s banking information and hereby represents and warrants that such information is accurate and current. Exchange is entitled to accept this information via email or other electronic communication, all in accordance with this Agreement and Exchange’s stated policies. b. Of Exchange - An officer of Exchange authorized to provide banking instructions shall notify the Contracting Party of Exchange’s banking information by posting the banking information on its website for access by all Contracting Parties.