Common use of Telephone Instructions Clause in Contracts

Telephone Instructions. You are authorized, but are not obliged, to accept and act upon Instructions given through telephone or other means in connection with any service offered by you or for transfer of funds to or from the Account, for any purpose in connection with these Terms. You shall be entitled to rely on any Instructions given by me/us which you reasonably believe to be from a person authorized to act on my/our behalf in connection with the Account. I/We agree to indemnify you and hold you harmless from and against all losses, costs and expenses (including legal costs) reasonably and properly incurred by you in reliance thereupon.