Cash Management Agreement Sample

Cash Management Agreement Sample

5. Customer Information. The customer agrees to provide the bank with all information necessary to comply with applicable legislation and the bank`s policies and procedures regarding customer identification and authorization before the bank begins to provide services to the customer. Such information may include, among other things, official certificates of existence of the customer, copies of customer creation agreements and business decisions or equivalent documents, in a form acceptable to the bank, that authorize the customer to enter into this agreement, to receive services from the bank under this agreement and to designate certain persons as authorized representative of the customer. The bank has the right, in addition to all other rights and remedies at its disposal, to set off the outstanding balance of an amount due to it in connection with the services to the account of all debts that the bank owes to the customer, including, but not limited to, obligations arising from a repo transaction or funds held at any time by the bank. whether collected or as part of a collection process or on any other account taken or proven by the customer on a certificate of deposit issued by the bank. Where any of the Customer`s accounts are debited, underfunded or, for any reason, have a negative balance, the Bank shall have the right to pay with all of the Customer`s accounts and other accounts of the Customer`s ownership or deposit held with the Bank, and the Bank shall have the right to assert its shares in guarantees held by it; in order to secure the Customer`s debt to the Bank arising out of obligations or other debts due or present under this Agreement or in the future. if matured or liquidated. (i) that the agreement has been duly executed by the Treasurer, Chief Financial Officer or other financial officer authorized by law to make payments of money from the Government and to enter into banking arrangements; 34.2 Customers who bind a third party.

Subject to the prior agreement of the bank and at its sole discretion, the customer may engage a third party acting as the customer`s representative to use one or more of the services (hereinafter referred to as “the customer`s third party”). All transactions that the bank receives from the customer`s third party are authorized by the customer. All acts and omissions of the Customer`s third party are subject to the Customer`s acts, omissions and liabilities and are subject to the provisions of this Agreement. . . .