Common use of Use of Signature Devices Clause in Contracts

Use of Signature Devices. You agree not to utilize a Signature Device when issuing a Check unless specifically authorized by a separate agreement with us which includes a specimen of the Signature Device signature. We may refuse to honor Checks drawn by means of a Signature Device without such agreement even if we have previously honored Checks with a Signature Device. Alternatively, at our discretion, we may honor such Checks without such an agreement if the Signature Device signature(s) resemble the Signature Device signature(s) appearing on any Check that was issued previously and that you did not report to us as unauthorized. In doing so, we are hereby authorized to rely upon and to accept as genuine such Signature Device signature that you have ratified by prior use without any duty for us to determine the genuineness thereof or whether or not the affixing of such Signature Device signature to a Check has been authorized by you or the person whose name is so affixed. If you utilize a Signature Device, you have the sole responsibility for maintaining the security of any such Signature Device and you bear the entire risk of unauthorized use of any such Signature Device that reasonably resembles the signature you use whether or not you are negligent. You also recognize that the treatment of each Check presented against your Account through the use of such Signature Device will be the same as if such Check was signed by you. You further agree to indemnify and hold us harmless from and against any and all Losses we may incur as a result of the unlawful use, unauthorized use or misuse by any person of such Signature Device or of any Signature Device signature that reasonably resembles the signature you use.