Common use of Compliance with Security Protocol Clause in Contracts

Compliance with Security Protocol. If a Request (or a Request for cancellation or amendment of a Wire Transfer) received by Bank purports to have been transmitted or authorized by Customer, it will be deemed effective as Customer’s Request and Customer shall be obligated to pay Bank the amount of such Wire Transfer even though the Request was not authorized by Customer, provided Bank accepted the Request in good faith and acted in compliance with the Security Protocol with respect to such Request.

Appears in 4 contracts

Samples: Management Master Agreement, Management Master Agreement, Management Master Agreement

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