Authorized Sender definition

Authorized Sender means a person designated by Client on a Wire Document, and any user entitled by an administrator or otherwise within the Wire Service, who is authorized to initiate, submit and/or verify Payment Orders and Instructions to Bank. The term Authorized Sender when used herein includes “Authorized Representatives” designated on a Corporate Call or Retail PIN Wire Service Details and Authorized Representatives agreement.

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Authorized Sender means a person designated by Customer on its Schedule A to this Agreement (as superseded from time to time by Customer as provided herein), authorized to submit and/or verify Payment Orders and Instructions to Bank. Bank means the SunTrust Bank(s) where the Account is maintained, its/their successors and assigns.

Authorized Sender means individuals that Customer identified in writing as being authorized to submit and issue Release Content on Customer’s behalf.

Examples of Authorized Sender in a sentence

• Bank shall assign a PIN to each Authorized Sender which Order that it is not to be converted into the Conversion Currency or(5) must be used each time an Authorized Sender makes or verifies such International Payment Order is subject to an opt out election for Transfers or provides Instructions.

• If Bank accepts Customer's election to an Authorized Sender directing Bank to initiate a Transfer from an initiate Payment Orders and Instructions from Customer's electronic Account.

• The following are defined terms: Senders designated on its prior Schedule A and state whether or Account means the account(s) designated by Customer on its not there is any revocation or change of authority for each Schedule A to this Agreement (as superseded from time to time by previously listed Authorized Sender.

• If an Authorized Sender requests that Bank attempt to to Bank with respect to any authorized Account.

• If Customer desires to recover transferred funds, Customer may be required to deposit funds revoke or modify the authority of any Authorized Sender or add with Bank or provide other payment assurances that are satisfactory to Page 58 of 61 TREASURY MANAGEMENT U II�I/ SUN RUST TERMS AND CONDITIONS Bank to cover the cost, expense, charges, and/or attorneys' fees (b) execute such International Payment Order by issuing a U.S. incurred by Bank in its recovery attempt.

• Bank's assignment, if any,of a repetitive Authorized Sender to Bank, including amendments or cancellations of code for Repetitive Transfers is not a security procedure and will not be Payment Orders.

• Customer will hold Bank harmless: (w) if Bank acts in accordance with Payment Orders and Instructions, including, but not limited to, amendments or cancellations; (x) if Bank attempts to recover funds upon the request of an Authorized Sender; (y) for any loss resulting from the unauthorized access to or use of PINs; or (z) for any matters referenced in this Agreement for which Customer has responsibility.

• If Customer desires to revoke or modify the authority of any Authorized Sender or add additional Authorized Senders, Customer shall execute and deliver to Bank a new Schedule A which shall supersede its prior Schedule A and revoke all prior authorizations.

• If an Authorized Sender requests that Bank attempt to recover transferred funds, Customer may be required to deposit funds with Bank or provide other payment assurances that are satisfactory to Bank to cover the cost, expense, charges, and/or attorneys' fees incurred by Bank in its recovery attempt.

• UPINs.U Bank shall assign a PIN to each Authorized Sender which S U pecial Instructions.U Customer may elect to authorize Repetitive must be used each time an Authorized Sender makes or verifies Transfers on its Schedule B and Standing Order Transfers on its Schedule D to this Agreement.