Common use of Registration and Security Clause in Contracts

Registration and Security. Each User will be assigned a unique user ID (each, a “User ID”) and password (each, a “Password”) to allow such User to access the Services. You are entirely responsible for maintaining the confidentiality, adequate security and control of any Passwords, User IDs, personal identification numbers (PINs) or any other codes that you or the Users use to access the Services. Furthermore, you are entirely responsible for any and all activities that occur under each User ID and Password. YOU ACKNOWLEDGE AND AGREE THAT AMERICAN EXPRESS WILL ACT ON ANY INSTRUCTIONS RECEIVED BY US FROM THE USERS ASSOCIATED WITH THE AFOREMENTIONED USER IDS AND PASSWORDS. We will not be liable for any loss or damage that you may incur as a result of anyone using the Password or User IDs, either with or without your knowledge. We will be entitled to rely on the genuineness and authority of all instructions received by us from a User or through access by any person to the Services using a matching User ID and Password, and to act on such instructions until we receive from you the notice of termination of such User in accordance with Section 4 above.