Common use of Telephone Access Clause in Contracts

Telephone Access. The Borrower shall access the Loan by a telephonic request. The Borrower accepts all risks inherent in such request. The Borrower absolves the Bank from all damages, loss and liabilities of whatsoever nature which may result from an unauthorized telephone request, a defective transmission, or a telephonic request which is misunderstood by the Bank UNITED ENERGY CORPORATION 38 2 employee. Neither the Bank nor any of its directors, officers or employees shall be under any duty to pass upon the validity, accuracy, authorization, effectiveness, or genuineness of any telephonic request, and the Bank and its directors, officers and employees shall be entitled to assume that any such telephonic instructions are valid, effective, accurate, genuine and authorized. The Borrower consents to the Bank's taping and recording of all telephonic conversations relating to this Agreement and the Loan. All advances shall be disbursed by the Bank by deposit of the Loan proceeds to the Borrower's deposit account with the Bank.

Appears in 1 contract

Samples: Line of Credit Agreement (United Energy Corp /Nv/)

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Telephone Access. The Borrower shall access the Loan by a telephonic request. The Borrower accepts all risks inherent in such request. The Borrower absolves the Bank from all damages, loss and liabilities of whatsoever nature which may result from an unauthorized telephone telephonic request, a defective transmission, or a telephonic request which is misunderstood by the Bank UNITED ENERGY CORPORATION 38 2 employee. Neither the Bank nor any of its directors, officers or employees shall be under any duty to pass upon the validity, accuracy, authorization, effectiveness, or genuineness of any telephonic request, and the Bank and its directors, officers and employees shall be entitled to assume that any such telephonic instructions are valid, effective, accurate, genuine and authorized. The Borrower consents to the Bank's taping and recording of all telephonic conversations relating to this Agreement and the Loan. All advances shall be disbursed by the Bank by deposit of the Loan proceeds to the Borrower's deposit account with the Bank .

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Mikron Instrument Co Inc)

Telephone Access. The Borrower shall access the Loan by a telephonic request. The Borrower accepts all risks inherent in such request. The Borrower absolves the Bank from all damages, loss and liabilities of whatsoever nature which may result from an unauthorized telephone telephonic request, a defective transmission, or a telephonic request which is misunderstood by the Bank UNITED ENERGY CORPORATION 38 2 employee. Neither the Bank nor any of its directors, officers or employees shall be under any duty to pass upon the validity, accuracy, authorization, effectiveness, or genuineness of any telephonic request, and the Bank and its directors, officers and employees shall be entitled to assume that any such telephonic instructions are valid, effective, accurate, genuine and authorized. The Borrower consents to the Bank 's ’s taping and recording of all telephonic conversations relating to this Agreement and the Loan. All advances shall be disbursed by the Bank by deposit of the Loan proceeds to the Borrower 's ’s deposit account with the Bank .

Appears in 1 contract

Samples: Line of Credit Agreement (Technical Communications Corp)

Telephone Access. The Borrower shall access the Loan by a telephonic request. The Borrower accepts all risks inherent in such request. The Borrower absolves the Bank from all damages, loss and liabilities of whatsoever nature which may result from an unauthorized telephone telephonic request, a defective transmission, or a telephonic request which is misunderstood by the Bank UNITED ENERGY CORPORATION 38 2 employee. Neither the Bank Bank; nor any of its directors, officers or employees shall be under any duty to pass upon the validity, accuracy, authorization, effectiveness, or genuineness of any telephonic request, and the Bank and its directors, officers and employees shall be entitled to assume that any such telephonic instructions are valid, effective, accurate, genuine and authorized. The Borrower consents to the Bank's taping and recording of all telephonic conversations relating to this Agreement and the Loan. All advances shall be disbursed by the Bank by deposit of the Loan proceeds to the Borrower's deposit account with the Bank.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Fragrancenet Com Inc)