Common use of PASSWORD CONFIDENTIALITY Clause in Contracts

PASSWORD CONFIDENTIALITY. a) The Financial Institution can assign and/ or require the Depositor to select and use one or more Passwords in connection with the use of the Account pursuant to these terms and conditions. The Depositor agrees to ensure that the Authorized Signatories and/or Authorized Users keep all Passwords confidential and will only reveal them to authorized Financial Institution agents or officers when required by the Financial Institution. The Depositor agrees to ensure that no Authorized Signatory or Authorized User will record any Password in any format or medium. The Depositor can change any Password at any time. The Depositor agrees to ensure that the Authorized Signatories and Authorized Users change a Password if and when required by the Financial Institution. The Depositor acknowledges that a Password must be changed if there is a change in Authorized Signatories and/or Authorized Users on the Account. b) The Depositor acknowledges that the Depositor is responsible for all use made of a Password and that the Financial Institution is not liable for the Depositor’s failure to comply with any part of the Account Contract. The Depositor is liable for all authorized and unauthorized use, including all Transactions. The Depositor is also liable for all fraudulent or worthless deposits made into the Account. Without limiting the generality of the foregoing, the Depositor expressly acknowledges and agrees that the Depositor shall be bound by and liable for any use of a Password by any Authorized Signatory or Authorized User or any member of an Authorized Signatory or Authorized User’s household. c) If an Authorized Signatory or Authorized User discloses a Password to a Third Party, and if the Financial Institution becomes aware of such disclosure, the Financial Institution may, in its sole discretion, waive the confidentiality requirements described in this section 5.1, but only if such disclosure was required in connection with the provision of a Third Party service. Notwithstanding any such waiver, the Depositor acknowledges and agrees that the Depositor remains responsible for all use of the Password by the Third Party.

Appears in 18 contracts

Sources: Business Contract, Business Contract, Joint Venture Agreement

PASSWORD CONFIDENTIALITY. a) The Financial Institution can assign and/ or and/or require the Depositor Trustee to select and use one or more Passwords in connection with the use of the Account pursuant to these terms Terms and conditionsConditions. The Depositor Trustee agrees to keep, and agrees to ensure that the Authorized Signatories and/or Authorized Users keep all Signing Officers keep, all Passwords confidential and will only reveal them to authorized Financial Institution agents or officers when required by the Financial Institution. The Depositor Trustee agrees not to record, and agrees to ensure that no Authorized Signatory or Authorized User will record Signing Officer records, any Password in any format or medium. The Depositor Trustee can change any Password at any time. The Depositor Trustee agrees to ensure that the Authorized Signatories and Authorized Users change a Password if and when required by the Financial Institution. The Depositor Trustee acknowledges that a Password must be changed if there is a change in Authorized Signatories and/or Authorized Users the persons authorized to provide Remote Instructions on the Account. b) The Depositor Trustee acknowledges that the Depositor Trustee is responsible for all use made of a Password and that the Financial Institution is not liable for the DepositorTrustee’s failure to comply with any part of the Account Contract. The Depositor Trustee is liable for all authorized and unauthorized use, including all Transactions. The Depositor Trustee is also liable for all fraudulent or worthless deposits made into the Account. Without limiting the generality of the foregoing, the Depositor Trustee expressly acknowledges and agrees that the Depositor Trustee shall be bound by and liable for any use of a Password by any Authorized Signatory or Authorized User a Signing Officer, a member of a Signing Officer’s household, or any member of an Authorized Signatory or Authorized Userthe Trustee’s household. c) If an Authorized Signatory the Trustee or Authorized User a Signing Officer discloses a Password to a Third Party, and if the Financial Institution becomes aware of such disclosure, the Financial Institution may, in its sole discretion, waive the confidentiality requirements described in this section 5.1, but only if such disclosure was required in connection with the provision of a Third Party service. Notwithstanding any such waiver, the Depositor Trustee acknowledges and agrees that the Depositor Trustee remains responsible for all use of the Password by the Third Party.

Appears in 5 contracts

Sources: Personal Trust Contract, Personal Trust Contract, Personal Trust Contract

PASSWORD CONFIDENTIALITY. a) The Financial Institution DUCA can assign and/ or require the Depositor Member to select and use one or more Passwords in connection with the use of the Account pursuant to these terms and conditions. The Depositor Member agrees to ensure that the Authorized Signatories and/or Authorized Users keep all Passwords confidential and will only reveal them to authorized Financial Institution agents or officers when required by the Financial InstitutionDUCA. The Depositor Member agrees to ensure that no Authorized Signatory or Authorized User will record any Password in any format or medium. The Depositor Member can change any Password at any time. The Depositor Member agrees to ensure that the Authorized Signatories and Authorized Users change a Password if and when required by the Financial InstitutionDUCA. The Depositor Member acknowledges that a Password must be changed if there is a change in Authorized Signatories and/or Authorized Users on the Account. b) The Depositor Member acknowledges that the Depositor Member is responsible for all use made of a Password and that the Financial Institution DUCA is not liable for the DepositorMember’s failure to comply with any part of the Account Contract. The Depositor Member is liable for all authorized and unauthorized use, including all Transactions. The Depositor Member is also liable for all fraudulent or worthless deposits made into the Account. Without limiting the generality of the foregoing, the Depositor Member expressly acknowledges and agrees that the Depositor Member shall be bound by and liable for any use of a Password by any Authorized Signatory or Authorized User or any member of an Authorized Signatory or Authorized User’s household. c) If an Authorized Signatory or Authorized User discloses a Password to a Third Party, and if the Financial Institution DUCA becomes aware of such disclosure, the Financial Institution DUCA may, in its sole discretion, waive the confidentiality requirements described in this section 5.1, but only if such disclosure was required in connection with the provision of a Third Party service. Notwithstanding any such waiver, the Depositor Member acknowledges and agrees that the Depositor Member remains responsible for all use of the Password by the Third Party.

Appears in 1 contract

Sources: Business Member Agreement

PASSWORD CONFIDENTIALITY. a) The Financial Institution can assign and/ or require the Depositor to select and use one or more Passwords in connection with the use of the Account pursuant to these terms and conditions. The Depositor agrees to ensure that the Authorized Signatories and/or Authorized Users keep all Passwords confidential and will only reveal them to authorized Financial Institution agents or officers officer when required by the Financial Institution. The Depositor agrees to ensure that no Authorized Signatory or Authorized User will record any Password in any format or medium. The Depositor can change any Password at any time. The Depositor agrees to ensure that the Authorized Signatories and Authorized Users change a Password if and when required by the Financial Institution. The Depositor acknowledges that a Password must be changed if there is a change in Authorized Signatories and/or Authorized Users on the Account. b) The Depositor acknowledges that the Depositor is responsible for all use made of a Password and that the Financial Institution is not liable for the Depositor’s failure to comply with any part of the Account Contract. The Depositor is liable for all authorized and unauthorized use, including all Transactions. The Depositor is also liable for all fraudulent or worthless deposits made into the Account. Without limiting the generality of the foregoing, the Depositor expressly acknowledges and agrees that the Depositor shall be bound by and liable for any use of a Password by any Authorized Signatory or Authorized User or any member of an Authorized Signatory or Authorized User’s household. c) If an Authorized Signatory or Authorized User discloses a Password to a Third Party, and if the Financial Institution becomes aware of such disclosure, the Financial Institution may, in its sole discretion, waive the confidentiality requirements described in this section 5.1, but only if such disclosure was required in connection with the provision of a Third Party service. Notwithstanding any such waiver, the Depositor acknowledges and agrees that the Depositor remains responsible for all use of the Password by the Third Party.

Appears in 1 contract

Sources: Business Contract