Common use of Signature Card Clause in Contracts

Signature Card. We identify Contracting Officers and Authorized Signers from the executed Signature Card that you deliver to us. Copies of signatures on Signature Cards and Related Agreements (including electronic copies) shall have the same legal force and effect as those with original signatures. You agree to ensure that Contracting Officers are responsible to us for the actions or inactions of Authorized Signers. This means that Contracting Officers are responsible for familiarizing Authorized Signers with the terms of this Agreement. This responsibility is joint and several. Unless otherwise specifically agreed to in writing by SVB in your Signature Card, only one signature by a Contracting Officer or Authorized Signer shall be necessary for you to enter into any agreement with SVB or to take action or inaction (including for Deposit Services) on your behalf.