Common use of Administrator and Authorized Users Clause in Contracts

Administrator and Authorized Users. If prompted by Business Online Banking, you will appoint an individual to act as an Administrator with the authority to determine who will be authorized to use the Business Online Banking on your behalf. The Administrator will be able to designate additional Authorized Users and remove existing Authorized Users. The Administrator will also determine what Business Online Banking Services will be available to particular Authorized Users, when to change passwords and any limitations on the use of the Services by individual Authorized Users. You agree that passwords will be changed with sufficient frequency to protect confidentiality, and in any event no less frequently than every one hundred and eighty (180) days. We will not control or oversee the Administrator function. You agree to all action taken by the Administrator or any Authorized User designated or authorized by the Administrator, and all such persons are your agents for purposes of Business Online Banking, each authorized to act individually or in concert. The fact that we are, or may be made aware of, or could have discovered, any limitation on access to Business Online Banking does not make us obligated to enforce or attempt to enforce any limitation. You understand that the Administrator and each Authorized User may utilize Business Online Banking (including inquiries, transfers and account verification) without regard to any restrictions otherwise applicable to an Account. For example, the Administrator and each Authorized User will be able to utilize Business Online Banking regardless of whether they are also authorized signers on your signature card.‌‌

Administrator and Authorized Users. If prompted by Business Online Banking, you will appoint an individual to act as an Administrator with the authority to determine who will be authorized to use the Business Online Banking on your behalf. The Administrator will be able to designate additional Authorized Users and remove existing Authorized Users. The Administrator will also determine what Business Online Banking Services will be available to particular Authorized Users, when to change passwords and any limitations on the use of the Services by individual Authorized Users. You agree that passwords will be changed with sufficient frequency to protect confidentiality, and in any event no less frequently than every one hundred and eighty (180) days. We will not control or oversee the Administrator function. You agree to all action taken by the Administrator or any Authorized User designated or authorized by the Administrator, and all such persons are your agents for purposes of Business Online Banking, each authorized to act individually or in concert. The fact that we are, or may be made aware of, or could have discovered, any limitation on access to Business Online Banking does not make us obligated to enforce or attempt to enforce any limitation. You understand that the Administrator and each Authorized User may utilize Business Online Banking (including inquiries, transfers and account verification) without regard to any restrictions otherwise applicable to an Account. For example, the Administrator and each Authorized User will be able to utilize Business Online Banking regardless of whether they are also authorized signers on your signature card.‌‌card.