Common use of Corporate Authority; Partnership Authority Clause in Contracts

Corporate Authority; Partnership Authority. If you are a corporation or LLC, the person signing this Agreement on behalf of the corporation or LLC represents and warrants that he or she has full authority to do so and that this Agreement binds the corporation or LLC. If you a partnership, the person signing this Agreement for you represents and warrants that he or she is a general partner of the partnership, that he or she has full authority to sign for the partnership and that this Agreement binds the partnership and all general partners of the partnership. You shall give written notice to us of any general partner’s withdrawal from the partnership. Wire Transfer Services. Commercial accounts have access to domestic Wire Transfer Services, using the Services. You are responsible for all wire transfer requests (“Requests) to the fullest extent provided by law and as set forth in this Agreement. The Funds Transfer Service may not be used to facilitate foreign transfers. We may choose the funds transfer mechanism (for example, FedWire, correspondent bank transfer, internal transfer) to be used when acting on upon your Request.