Common use of Internet Gambling Clause in Contracts

Internet Gambling. UNLAWFUL INTERNET GAMBLING TRANSACTIONS PROHIBITED. If you are a commercial customer, the bank will require certification that you are not now engaged in, and during the life of this Agreement will not engage in, any activity or business that is unlawful under the Unlawful Internet Gambling Enforcement Act of 2006, 31 USC 5361, et seq., (the “UIGEA”). You may not use your Account or any other service we offer to receive any funds, transfer, credit, instrument or proceeds that arise out of a business that is unlawful under the UIGEA. You agree that if anyone asks us to process a transaction that we believe is restricted under the UIGEA, we may block the transaction and take any other action we deem to be reasonable under the UIGEA and this Agreement. The Bank will make a reasonable effort to ascertain at account opening if an account is involved with Unlawful Internet Gambling and will not knowingly open and maintain any account for these purposes. If the bank has actual knowledge of an account being utilized for Unlawful Internet Gambling, the account will be closed. In addition to closure of the account, discovery of restricted and unlawful gambling will initiate the filing of required documentation with the proper authorities.

Internet Gambling. UNLAWFUL INTERNET GAMBLING GAMLING TRANSACTIONS PROHIBITED. If you are a commercial customer, the bank will require certification that you are not now engaged in, and during the life of this Agreement will not engage in, any activity or business that is unlawful under the Unlawful Internet Gambling Enforcement Act of 2006, 31 USC 5361, et seq., (the “UIGEA”). You may not use your Account or any other service we offer to receive any funds, transfer, credit, instrument or proceeds that arise out of a business that is unlawful under the UIGEA. You agree that if anyone asks us to process a transaction that we believe is restricted under the UIGEA, we may block the transaction and take any other action we deem to be reasonable under the UIGEA and this Agreement. The Bank will make a reasonable effort to ascertain at account opening if an account is involved with Unlawful Internet Gambling and will not knowingly open and maintain any account for these purposes. If the bank has actual knowledge of an account being utilized for Unlawful Internet Gambling, the account will be closed. In addition to closure of the account, discovery of restricted and unlawful gambling will initiate the filing of required documentation with the proper authorities.