Common use of Use of Security Tokens Clause in Contracts

Use of Security Tokens. You agree that Bank, in its sole discretion, may issue and require the use of security tokens (“Security Tokens” or “Tokens”) and security token software in association with the Online Banking Services for use of identification authentication. In the event Tokens are issued, Tokens will be issued by Bank to your Administrator and Authorized Representative(s). You are responsible for safe keeping and authorizing the use of Tokens. You must notify Bank immediately upon Token(s) being lost, stolen or misused. You authorize Bank to take all reasonably appropriate action with respect to lost, stolen, or misused Token(s) including, but not limited to, deactivation of the Online Banking Services and/or Token(s). You shall be responsible for costs associated with new or replacement Security Tokens. You authorize Bank to disable Tokens not activated for more than 30 consecutive days from the date you receive the Tokens. You are also responsible for downloading, installing, and updating any software that Bank may require in connection with Security Tokens. You must use reasonable efforts to enforce the terms associated with the Tokens. You will be solely responsible for use regarding Tokens and any violations of the restrictions on use as set forth in this Agreement. Customer agrees that in the event of any breach of the terms of this Agreement, you will indemnify Bank against claims and losses arising from your actions that cause Bank to be in violation of the terms of this Agreement. Customer is strictly responsible for establishing and maintaining the security procedures to safeguard against unauthorized transactions. Customer warrants that no individual will be allowed to initiate transfers in the absence of proper supervision and safeguards, and agrees to take reasonable steps to maintain the confidentiality of the security procedures and any Access ID, Passwords, AAI, PINs, codes, Tokens, security devices and related instructions provided by Bank in connection with the security procedures. If Customer believes or suspects that any such information or instructions have been known or accessed by unauthorized persons, Customer agrees to notify Bank immediately followed by Customer’s written confirmation. The occurrence of unauthorized access will not affect any transfers made in good faith by Bank prior to receipt of such notification and within a reasonable time period to prevent unauthorized transfers. Customer agrees that it, and not Bank, have control over their computer systems: accordingly, Customer assumes all liability related to connecting and securing telephone line to the proper computer as well as complete control over the physical security of their hardware. Customer is solely responsible for the accurate creation, modification, and deletion of the account information maintained on Customer’s personal computer and used for money transfer. Customer is solely responsible for access by its employees of the data files maintained on Customer’s computer. Notwithstanding any security procedure, which may from time to time be in effect for detecting errors in transactions covered by this Agreement, we have no duty to discover or report to you any such errors. Neither shall we be liable to you for the failure of such security procedure to detect such errors, regardless of the manner in which we apply such security procedures.

Use of Security Tokens. You agree that Bank, in its sole discretion, may issue and require the use of security tokens (“Security Tokens” or “Tokens”) and security token software in association with the Online Banking Services for use of identification authentication. In the event Tokens are issued, Tokens will be issued by Bank to your Administrator and Authorized Representative(s). You are responsible for safe keeping and authorizing the use of Tokens. You must notify Bank immediately upon Token(s) being lost, stolen or misused. You authorize Bank to take all reasonably appropriate action with respect to lost, stolen, or misused Token(s) including, but not limited to, deactivation of the Online Banking Services and/or Token(s). You shall be responsible for costs associated with new or replacement Security Tokens. You authorize Bank to disable Tokens not activated for more than 30 consecutive days from the date you receive the Tokens. You are also responsible for downloading, installing, and updating any software that Bank may require in connection with Security Tokens. You must use reasonable efforts to enforce the terms associated with the Tokens. You will be solely responsible for use regarding Tokens and any violations of the restrictions on use as set forth in this Agreement. Customer agrees that in the event of any breach of the terms of this Agreement, you will indemnify Bank against claims and losses arising from your actions that cause Bank to be in violation of the terms of this Agreement. Customer is strictly responsible for establishing and maintaining the security procedures to safeguard against unauthorized transactions. Customer warrants that no individual will be allowed to initiate transfers in the absence of proper supervision and safeguards, and agrees to take reasonable steps to maintain the confidentiality of the security procedures and any Access ID, Passwords, AAI, PINs, codes, Tokens, security devices and related instructions provided by Bank in connection with the security procedures. If Customer believes or suspects that any such information or instructions have been known or accessed by unauthorized persons, Customer agrees to notify Bank immediately followed by Customer▇▇▇▇▇▇▇▇’s written confirmation. The occurrence of unauthorized access will not affect any transfers made in good faith by Bank prior to receipt of such notification and within a reasonable time period to prevent unauthorized transfers. Customer agrees that it, and not Bank, have control over their computer systems: accordingly, Customer assumes all liability related to connecting and securing telephone line to the proper computer as well as complete control over the physical security of their hardware. Customer is solely responsible for the accurate creation, modification, and deletion of the account information maintained on Customer’s personal computer and used for money transfer. Customer is solely responsible for access by its employees of the data files maintained on Customer’s computer. Notwithstanding any security procedure, which may from time to time be in effect for detecting errors in transactions covered by this Agreement, we have no duty to discover or report to you any such errors. Neither shall we be liable to you for the failure of such security procedure to detect such errors, regardless of the manner in which we apply such security procedures.