Common use of Transaction Approval Clause in Contracts

Transaction Approval. If a transaction is initiated through our Business Online Banking Service and a secondary approval is required, you may use this Service to approve such transaction. You must have transaction approval authority in order to use this Service. You may not approve transactions in excess of the limits established by us or your Service administrator. Transaction approvals received after our cutoff hour or on a weekend or holiday may be deemed received as of the next business day.

Appears in 2 contracts

Sources: Master Agreement, Treasury Management Solutions Master Agreement