Common use of ACCESS TERMINAL TRANSACTIONS Clause in Contracts

ACCESS TERMINAL TRANSACTIONS. The Depositor acknowledges and agrees that: a) using a Password to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by the Depositor in person or as otherwise contemplated or permitted by the Account Contract; b) the Depositor will be bound by each such Transaction; and c) once a Password has been used to authorize a Transaction, the Transaction may not be revoked and no stop payment on the Transaction may be requested.

ACCESS TERMINAL TRANSACTIONS. The Depositor acknowledges and agrees that: : a) using a Password to authorize a Transaction constitutes authorization of that Transaction in the same manner as if authorization was given by the Depositor in person or as otherwise contemplated or permitted by the Account Contract; ; b) the Depositor will be bound by each such Transaction; and and c) once a Password has been used to authorize a Transaction, the Transaction may not be revoked and no stop payment on the Transaction may be requested.