Laserfiche WebLink
CONTROLLED DISBURSEMENT <br /> SERVICE DESCRIPTION <br /> 1. Introduction. The Service Documentation coMains the tenns goveming the Weils Fargo Bank, <br /> N.A. (°Bank")Controlled Disbursement service("Service°)and includes: <br /> (a) this Seroice Description; <br /> (b) the Acceptance of Services or Treasury Management Product Enrollment form; <br /> (c) the Master Agreement for Treasury Management Services ("Master Agreement"); <br /> (d) the account agreement goveming the accourrt(s) Company uses in connection with the <br /> Service; and <br /> (e) User Guides which include Terms of Use, software, software licenses, price schedules, <br /> specifications, instructions, and notices; <br /> This Service Description and the Maste� Agreement are posted at Bank's Commercial <br /> Electronic Office� (CEO� portal. If there is a conflict among the documents comprising the <br /> Service Documentation, they wili govem in the order listed above. Company's use of the <br /> Service canflrms Company's receipt of and agreement to be bound by the applicable Service <br /> Documentation. If an enhancement to the Service or other change requires a change to this <br /> Service Description, Bank will post an updated Service Description on the CEO� portal. When <br /> required by applicable law, Bank wiil notify Company of the update. If Company continues to <br /> use the Service after the update takes effect, Company will be deemed to have agreed to the <br /> update. <br /> 2. Required Account(s) and Services. Company, as defined in the Acceptance, will establish <br /> and maintain: <br /> (a) one or more demand deposit accourrts with Bank or Bank's affiliate (each, a "Funding <br /> Account"); <br /> (b) one ar more checking accounts (each, a "Disbursement AccounY) at Bank or Bank's <br /> affiliate(s) (each, a"Disbursing Bank'�; and <br /> (c) the information reporting service specified by Bank(°Information Reporting Service"). <br /> Each Funding Account and Disbursement Account and the Information Reporting Service will be <br /> identified in the Service Documentation. Each Funding Account will be linked to one or more <br /> Disbursement Accounts maintained by Company. Company will use each Disbursement <br /> Account soiely to issue checks (or payable-through drafts) and electronic debits (each, a <br /> "Debit") in accordance with this Service Descriptian. Company will not issue any Debits on any <br /> Disbursement Accounts until Bank not�es Company that such Disbursement Account is <br /> operaGonal. Company iRevocabiy authorizes Disbursing Bank to release to Bank all information <br /> requested by Bank with respect to each Disbursement Account. <br /> Each Disbursement Account and Funding Account will be governed by Wells Fargo Bank, <br /> N.A.'s Commercial Account Agreement ("Account Agreement"), except that if Company's <br /> 771M1429 CorttioAed D/sbursement Servke Descdption Pape i o/5 <br /> ReWsed 0430-2014 <br /> ATTY/AGR/2016.186NVELLS FARGO BANKING AGREEMENT <br />