Common use of Multiple Entities Clause in Contracts

Multiple Entities. If you have enrolled more than one organization or individual under a single Client User, you represent and warrant that you have the authority to bind each such organization and individual to the terms hereof and that the Client User has authority to act on behalf of all such organizations and individuals (including, but not limited to, by assigning Client User access to the accounts of all such organizations and individuals), and you agree that each organization and individual shall be jointly and severally liable hereunder. Client warrants and covenants that it will use Online Business Banking Service for commercial or business purposes only and that neither Online Business Banking nor the Accounts will be used for consumer, personal or household purposes. You are responsible for all acts and omissions of your officers, directors, partners, employees, agents, representatives and contractors, including your Client Administrators and Client Users (collectively, your “Personnel”). We are entitled, without further inquiry by investigation, to assume that the actions of your Personnel are appropriate and authorized by you. You are strongly advised to establish and maintain policies and procedures and accounting and auditing controls that will prevent (or at least allow the early detection of) fraud or other unauthorized activity by your Personnel. As between you and us, you agree to accept sole responsibility for losses attributable to the acts and omissions of your Personnel.