Common use of Wire Transfer Services Clause in Contracts

Wire Transfer Services. Company authorizes the Bank to transfer funds from any accounts which are designated in the exhibits maintained at Bank (“Wire Transfer Services”). The Bank, subject to its then current security procedures, will execute wire transfers in accordance with Requests from authorized Company representatives (hereinafter referred to as “Authorized Representatives” as identified in the exhibits maintained at Bank) whether such Requests are written, oral, telephonic, telegraphic, or via an automatic transfer device (except as mode of Request is limited by written agreement). Funds must be available in the account specified in the Request at the time the Request is made. The Bank will not search for funds in accounts other than the one(s) specified in the Request.