Laserfiche WebLink
14. Company Representations And Agreements; Indemnity <br /> With respect to each and every Entry initiated by Company, Company represents and warrants to <br /> Financial Institution and agrees that(a) each person shown as the Receiver or and Entry received <br /> by Financial Institution from Company has authorized the initiation of such Entry (sample forms <br /> available on Schedule D) and the crediting or debiting of its account in the amount and on the <br /> Effective Entry Date shown on such Entry, (b) such authorization is operative at the time of <br /> transmittal or crediting/debiting by Financial Institution as provided herein, (c) Entries <br /> transmitted to Financial Institution by Company are limited to those types of Credit or Debit <br /> Entries set forth in Section 2, Transmittal of Entries By Company, (d) Company shall perform its <br /> obligations under this Agreement in accordance with all applicable laws and regulations. <br /> including the sanctions laws administered by the Office of Foreign Asset Control (OFAC), and <br /> (e) Company shall be bound by and comply with the Rules as in effect from time to time. <br /> including, without limitation, the provision for making payment of an Entry by the Receiving <br /> Depository Financial Institution to the receiver provisional until receipt by the `Receiving <br /> Depository Financial Institution of final settlement for such Entry. Company specifically <br /> acknowledges that it has received notice of the Rule regarding provisional payment and of the <br /> fact that, if such settlement is not received, the Receiving Depository Financial Institution shall <br /> be entitled to a refund from the Receiver of the amount credited and Company shall not be <br /> deemed to have paid the Receiver the amount of the Entry. Company shall indemnify Financial <br /> Institution against any loss, liability or expense (including attorneys' fees and expenses)resulting <br /> from or arising out of any breach of any of the foregoing representations or agreements. <br /> 15. Financial Institution Responsibilities; Liability; Limitations On Liability; Indemnity. <br /> In the performance of the services required by this Agreement, Financial. Institution shall be <br /> entitled to rely solely on the information, representations, and warranties provided by Company <br /> pursuant to this Agreement, and shall not be responsible for the accuracy or completeness <br /> thereof. Financial Institution shall be responsible only for performing the services expressly <br /> provided for in this Agreement, and shall be liable only for its negligence or willful misconduct <br /> in performing those services. Financial Institution shall not be responsible for Company's acts <br /> or omissions (including without limitation the amount, accuracy, timeliness of transmittal or <br /> authorization of any Entry received form Company) or those of any other person, including <br /> without limitation any Federal Reserve Financial Institution, Automated Clearing House or <br /> transmission or communications facility, any Receiver or Receiving Depository Financial <br /> Institution(including without limitation the return of an Entry by such Receiver or Receiving <br /> Depository Financial Institution), and no such person shall be deemed Financial Institution's <br /> agent. Company agrees to indemnify Financial Institution against any loss, liability or expense <br /> (including attorney's fees and expenses)resulting from or arising out of any claim of any person <br /> that-the Financial Institution is responsible for any act or omission of Company or any other <br /> person described in-this Section 15(a). <br /> Page 6of12 <br />