Common use of Dual Control Clause in Contracts

Dual Control. Bank recommends that the Client utilize dual control for security control as set forth in Schedule A, to the extent practicable. Use of dual control will require two separate Authorized Users to initiate and approve certain transactions and actions made using the Service. Client’s use of the Service may require dual control by default, unless the Client’s Primary Administrator opts out of this feature. Client understands that if it opts out of dual control, it must use other Security Procedures, and the Client may have less protection against unauthorized transactions and activity. The other Security Procedures selected by the Client will be deemed commercially reasonable by the Client, to the same extent as if the Client had used dual control and any other Security Procedures offered by the Bank, and the Client will indemnify and hold Bank harmless from and against all losses and liabilities arising from the Client’s use of alternative Security Procedures other than those recommended by Bank.

Dual Control. Bank recommends that the Client utilize dual control for security control as set forth in Schedule A, to the extent practicable. A. Use of dual control will require two separate Authorized Users to initiate and approve certain transactions and actions made using the Service. Client’s use of the Service 13 may require dual control by default, unless the Client’s Primary Administrator opts out of this feature. Client understands that if it opts out of dual control, it must use other Security Procedures, and the Client may have less protection against unauthorized transactions and activity. The other Security Procedures selected by the Client will be deemed commercially reasonable by the Client, to the same extent as if the Client had used dual control and any other Security Procedures offered by the Bank, and the Client will indemnify and hold Bank harmless from and against all losses and liabilities arising from the Client’s use of alternative Security Procedures other than those recommended by Bank.