J.P. MORGAN CHASE BANK, N.A. 1A - 2015

Home Browse Search

failure to exercise reasonable care and in no case will be deemed wrongful. The Bank shall not be liable for consequential, indirect or special damages even if it has been advised of the possibility of them. The Telephone Tax Payment Service is a Service whereby the Customer can direct the Bank, via touchtone telephone, pc dial -up or browser - based platform, to make tax payments via ACH from an account with the Bank that the Customer specifies. The Bank may pay taxes from the Customer's account In accordance with any instructions issued in the Customer's name that the Bank verifies pursuant to the security procedures specified in these Service Tariffs. The ACH Origination Service Terms are incorporated into these Service Terms by reference. 1, Roceipt of Instructions and Cancellations. The Customer may send Instructions and cancellations only during service hours the Bank specifies. The Bank may change the service hours upon prior notice to the Customer. The Bank must receive Instructions not later than the cut-off time the Bank establishes. The cut -off time will be on or before one or two banking days, depending upon the type of tax payment, prior to the banking day the appropriate taxing authority is to be paid. The Bank must receive any cancellations by the cut -off time the Bank establishes for cancellations on the banking day prior to the scheduled posting of the debit to the Customers account. The Customer may only cancel a tax payment instruction before the Bank processes h. Cancellation instructions must be received through this tax payment service. If the Customer missed the cut -off time but still wants to cancel a tax payment, the Customer must communicate the request directly to the Bank's Customer Service area. The Bank will request a return of the tax payment from the taxing authority. The taxing authority may assess a penalty for processing the return. 2. Tax Payment Security Procedure, Instructions or Cancellations may be initiated only by entering, via touchtone telephone, pc dial -up or browser -based platform, a user ID, password and/or other access code that the Bank assigns to the Customer or that the Customer selects using the parameters the Bank specifies. Cancellations may also be initiated by contacting the Bank's Customer Service area and providing the Customer's valid user ID, password and/or other access code. 3. Funding. The Customer authorizes the Bank to debit the Customers applicable account for the amount of each tax payment and for any applicable bank fees and charges when due. In the event the Customer does not have sufficient funds in the Customer's applicable account to cover the amount of a tax payment, the Bank shall have no obligation to make the tax payment for the Customer but if the Bank does, the Customer agrees to reimburse the Bank immediately. Funds the Bank receives and hold pursuant to this service shall be held as a deposit liability to the Customer and not in trust for the Customer or the taxing authority.. q. Limitation of Liability. If because of the Bank's negligence or willful misconduct the Bank fails to make the Customer's tax payment in a timely manner and that directly results In the Customer being penalized or owing interest, the Bank's maximum aggregate liability shall be the amount of any penalty or interest actually imposed by the applicable taxing authority. The Customer agrees to reasonably cooperate with the Bank in the Bank's attempts to persuade the taxing authority to abate any penalty or interest. L Client Access Client Access provides for electronic access to the Customer's account information, reports and data (collectively, "Data ") and for the electronic transmission to the Bank of messages, service requests, and payment and nonpayment instructions (each an "Instruction'). The Bank reserves the right to modify the applications and products (each an "Application ") available via the Service, upon notice to the Customer. 1. Security Procedures: (a) A Bank issued or approved security device (a "Security Device') is required to access the Service. The Customer shall be bound by and adhere to the security procedures for use of the Service advised to it in writing through any medium by the Bank, as may be revised from time to time upon notice to the Customer, including without limitation the procedures set forth herein. The Customer shall notify the Bank immediately of loss or theft of a Security Device, any unauthorized use of a Security Device or any other breach of security. The Bank may dishonor or disable any Security Device at any time and will inform the Customer of the same. The Customer agrees that any use of the Service with a Security Device is deemed to be carried out directly by and on behalf of the Customer. The Customer agrees to safeguard all Security Devices and to instruct each Authorized User, as defined in Section 2.3 below, to do the same. The Customer will be responsible for ensuring that the Security Devices are known to and used only by Authorized Users. M The Customer shall designate security administrators who shall have equal authority in accordance with the administrative control procedure for each Application. The Customer agrees to notify the Bank of any change in security administrators in the manner and form designated by the Bank. Any such changes shall be effective at such time as the Bank has received such notice and has had a reasonable opportunity to act upon it. MY: 350914 DOC /Dc 4 Page 35 q/'51