User Authorizations Sample Clauses

User Authorizations. When determining whether a particular individual is authorized to take a particular action relating to any Correspondent Service, the Bank may rely upon any User Authorizations then in effect, without inquiry or further authorization, even where an action may appear to benefit the person directing the action. It shall be Member’s sole responsibility to amend its User Authorizations as necessary, by delivering to the Bank a new applicable, fully executed User Authorization (an “Amending User Authorization”), whenever Member elects to add, modify, or delete authorization relating to any individual. The Bank shall bear no liability for any loss arising out of the Bank’s providing access to, or use of, any Correspondent Service to an individual if the most recent relevant User Authorization then in effect authorizes such access. An Amending User Authorization is not effective until Member receives a confirmation from the Bank that the Amending User Authorization has been received and accepted by the Bank. Notwithstanding the foregoing, Member may orally instruct the Bank to remove an individual's authorization, in a manner as determined by the Bank from time to time, and such removal shall be effective upon the Bank's receipt of such oral instruction, provided Member confirms such oral instruction by submitting an Amending User Authorization reflecting the removal as soon as practical thereafter.