Common use of ▇▇▇▇▇▇▇▇ Procedures Clause in Contracts

▇▇▇▇▇▇▇▇ Procedures. Company agrees to use the Service in accordance with the provisions of Section 6 of the Cash Management Services Master Agreement and with the Credit Union’s Security Procedures attached as a Schedule to the Cash Management Services Master Agreement. Company also agrees that any request acted upon by Credit Union in compliance with the Security Procedures, whether or not authorized by Company, shall be treated as Company’s authorized request, and Credit Union shall not be liable for the amount of any unauthorized transfer that is purported to be originated by Company. Credit Union will review the Security Procedures with Company as part of the Wire Transfer set-up implementation process.

Appears in 2 contracts

Sources: Wire Transfer Agreement, Wire Transfer Agreement