Definition of Telephone Notice Authorization

Telephone Notice Authorization means an agreement in form satisfactory to Bank authorizing telephonic and facsimile notices of borrowing and establishing a codeword system of identification in connection therewith.
Sample 1

Examples of Telephone Notice Authorization in a sentence

Prior to such telephone notice, the Borrower shall have executed and delivered to the Bank a Telephone Notice Authorization.
Bank may elect (but without any obligation to do so) to make a Revolving Loan upon the telephonic or facsimile request of Borrower, provided that Borrower has first executed and delivered to Bank a Telephone Notice Authorization.