Common use of TELEPHONE AUTHORIZATION Clause in Contracts

TELEPHONE AUTHORIZATION. (a) Bank may honor telephone instructions for advances or repayments or for the designation of optional interest rates given by any officer of Borrower or a person or persons so authorized by any officer of Borrower. (b) Advances will be deposited in, and repayments will be withdrawn from, Borrower's account number ▇▇▇-▇▇▇▇▇▇-▇▇, or such other accounts with Bank as designated in writing by Borrower. (c) Borrower indemnifies and holds harmless Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone instructions it reasonably believes are made by an officer of Borrower or a person authorized by an officer of Borrower. This indemnity and agreement to hold harmless will survive this Agreement's termination.

TELEPHONE AUTHORIZATION. (a) Bank may honor telephone instructions for advances or repayments or for the designation of optional interest rates given by any officer of Borrower or a person or persons so authorized by any officer of Borrower. (b) Advances will be deposited in, and repayments will be withdrawn from, Borrower's account number ▇▇▇-▇▇▇▇▇▇-▇▇, or such other accounts with Bank as designated in writing by Borrower. (c) Borrower indemnifies indemnities and holds harmless Bank (including its officers, employees, and agents) from all liability, loss, and costs in connection with any act resulting from telephone instructions it reasonably believes are made by an officer of Borrower or a person authorized by an officer of Borrower. This indemnity and agreement to hold harmless will survive this Agreement's termination.