Common use of Commercially Reasonable Security Procedures Clause in Contracts

Commercially Reasonable Security Procedures. Customer will use the System, Services, and Software in accordance with the terms of this Agreement, including any Security Procedures offered and implemented by Bank in connection with the Services and as may be set forth in the applicable Product Enrollment form and Assignment of Security Procedures. Customer has reviewed the Security Procedures offered and recommended by Bank and agrees that such Security Procedures are commercially reasonable and suitable for Customer with respect to authentication of Customer’s Payment Orders and other Instructions based upon Customer’s intended use of the Services as communicated to Bank, including the size, type, frequency and volume of Customer’s Payment Orders. The Security Procedures are designed to verify the authenticity of, not to detect errors in, Customer’s Payment Orders and other Instructions, and Bank has no obligation to detect errors in Customer’s Payment Orders and other Instructions. Any Payment Orders or other Instructions communicated to Bank in Customer’s name in compliance with the Security Procedures, and all access to and use of Channels and other Services using the Security Procedures assigned to Customer, are considered authorized by Customer and enforceable under the terms of this Agreement if accepted by Bank in good faith. Customer agrees that failure by Bank to use or comply with any Security Procedure shall not excuse Customer from its obligation to pay Bank the amount of any Payment Order made or authorized by the Customer or for which Customer is otherwise liable. Bank may implement different or additional Security Procedures for use by Customer from time to time upon notice to Customer, and Customer’s continued use of the Services and implementation of those additional Security Procedures shall be Customer’s agreement to such Security Procedures. Unless expressly stated otherwise in the Documentation, Bank will have no obligations under the Security Procedures and Customer agrees that failure by Bank to use any Security Procedures shall not excuse Customer from its obligation to pay Bank for the amount of any Payment Order made or authorized by Customer or for which Customer is otherwise liable.

Commercially Reasonable Security Procedures. Customer will use the System, Services, and Software in accordance with the terms of this the Agreement, including any Security Procedures offered and implemented by Bank in connection with the Services and as may be set forth in the applicable Product Enrollment form and Assignment of Security Procedures. Customer has reviewed the Security Procedures offered and recommended by Bank and agrees that such Security Procedures are commercially reasonable and suitable for Customer with respect to authentication of Customer’s Payment Orders and other Instructions based upon Customer’s intended use of the Services as communicated to Bank, including the size, type, frequency and volume of Customer’s Payment Orders. The Security Procedures are designed to verify the authenticity of, not to detect errors in, Customer’s Payment Orders and other Instructions, and Bank has no obligation to detect errors in Customer’s Payment Orders and other Instructions. Any Payment Orders or other Instructions communicated to Bank in Customer’s name in compliance with the Security Procedures, and all access to and use of Channels and other Services using the Security Procedures assigned to Customer, are considered authorized by Customer and enforceable under the terms of this the Agreement if accepted by Bank in good faith. Customer agrees that failure by Bank to use or comply with any Security Procedure shall not excuse Customer from its obligation to pay Bank the amount of any Payment Order made or authorized by the Customer or for which Customer is otherwise liable. Bank may implement different or additional Security Procedures for use by Customer from time to time upon notice to Customer, and Customer’s continued use of the Services and implementation of those additional Security Procedures shall be Customer’s agreement to such Security Procedures. Unless expressly stated otherwise in the Documentation, Bank will have no obligations under the Security Procedures and Customer agrees that failure by Bank to use any Security Procedures shall not excuse Customer from its obligation to pay Bank for the amount of any Payment Order made or authorized by Customer or for which Customer is otherwise liable.