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2023-236
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2023-236
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Last modified
11/21/2023 3:59:54 PM
Creation date
11/9/2023 2:39:04 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/31/2023
Control Number
2023-236
Agenda Item Number
8.K.
Entity Name
TD Bank
Subject
Cash Management Master Agreement for Banking and Lockbox Services
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32. Relationship. Customer and Bank are not, and <br />Customer and Bank's licensors are not, partners, joint <br />venturers or agents of each other as a result of this <br />Agreement. <br />33. Third -Party Service Provider Activities. <br />33.1 Customer As a Third -Party Service <br />Provider. Subject to Bank's prior approval and in its sole <br />and exclusive discretion, Customer may be permitted to use <br />one or more of the Services provided hereunder on behalf of <br />and in conjunction with Accounts that belong to Customer's <br />clients, who may or may not otherwise be customers of <br />Bank, as well as on Customer's own behalf (hereinafter, <br />when acting in such capacity, referred to as "Customer As <br />Service Provider"). Customer shall execute any such other <br />agreement(s) or documents as deemed necessary or <br />appropriate by Bank prior to the initiation or continuation by <br />Customer of any Services in such capacity. Customer agrees <br />that Bank retains the right to reject any request by Customer <br />to engage in Customer As Service Provider activities as well <br />as any transactions initiated by Customer in such capacity, <br />in Bank's sole discretion. In the event Bank approves <br />Customer's use of the Services in the capacity of Customer <br />As Service Provider, then the following shall also apply: <br />(a) Customer represents and warrants to Bank that <br />each Customer client has given Customer authority to access <br />and conduct transactions with respect to its Accounts <br />through use of any of the Services to the same extent as if <br />Customer owned them, including in the capacity of a "third <br />party service provider;" <br />(b) each reference to "Customer" in the <br />Agreement will be deemed to be a collective reference to <br />Customer and each Customer client whose Accounts are <br />included in Bank's implementation of Customer's set-up for <br />the Services; <br />(c) all of the provisions set forth in the Agreement <br />will apply to Customer client's Account(s) as if Customer <br />owned them; <br />(d) each person who is authorized to act on <br />Customer's behalf with respect to a Service is also <br />authorized to act on Customer's behalf to the same extent <br />with respect to the Accounts of each Customer client whose <br />Accounts are included in Bank's implementation of <br />Customer's set-up for that Service; and <br />(e) Customer shall be liable for all monetary, <br />confidentiality and other obligations to Bank under this <br />Agreement as they relate to Customer's use of the Services <br />for itself as well as each such Customer client. Bank may <br />require written confirmation from each Customer client that <br />it has authorized Customer to include its Accounts in Bank's <br />implementation of Customer's set-up for the Services, and <br />Customer agrees to notify Bank immediately if that authority <br />is revoked or changed. <br />33.2 Customer Enanine a Third -Party <br />Service Provider. Subject to Bank's prior approval and in <br />its sole and exclusive discretion, Customer may appoint a <br />third -party service provider to act as Customer's agent to use <br />one or more of the Services (hereinafter such third -party to <br />be referred to as "Customer's Third -Party Service <br />Provider"). In such event, all transactions received by Bank <br />from Customer's Third -Party Service Provider are hereby <br />authorized by Customer. All acts and omissions of <br />Customer's Third -Party, Service Provider shall be the acts, <br />omissions and responsibility of Customer and shall be <br />governed by the provisions of this Agreement. Customer <br />agrees, jointly and severally with Customer's 'Third -Party <br />Service Provider, to indemnify and hold Bank harmless from <br />any and all liabilities, losses, damages, costs and expenses of <br />any kind (including, without limitation, the reasonable fees <br />and disbursements of counsel in connection with any <br />investigative, administrative or judicial proceedings, <br />whether or not Bank shall be designated a party thereto) <br />which may be incurred by Bank relating to or arising out of <br />the acts or omissions of Customer's Third -Party Service <br />Provider on behalf of Customer. Customer and Customer's <br />Third -Party Service Provider shall execute any such other <br />agreement(s) or documents as deemed necessary or <br />appropriate by Bank prior to the initiation or any <br />continuation by Customer's Third -Party Service Provider of <br />any Services on Customer's behalf. Notice of any <br />termination of Customer's Third -Party Service Provider's <br />authority to use one or more of the Services on Customer's <br />behalf shall be given to Bank in writing. The effective date <br />of such termination shall be ten (10) Business Days after <br />Bank receives written notice of such termination. Customer <br />agrees that Bank retains the right to reject any transactions <br />initiated by Customer's Third -Party Service Provider in its <br />sole discretion. <br />34. Section Headings. 'The section headings used in <br />this Agreement are only meant to organize this Agreement, <br />and do not in any way limit or define Customer's or Bank's <br />rights or obligations. <br />35. E -Verify. Bank is registered with and will use the <br />Department of Homeland Security's E -Verify system <br />(www.e-verify.gov) to confirm the employment eligibility <br />of all newly hired employees for the duration of this <br />agreement, as required by Section 448.095, F.S. Bank is also <br />responsible for obtaining an affidavit from all <br />subcontractors, as required in Section 448.095(5)(b), F.S., <br />stating the subcontractor does not employ, contract with, or <br />subcontract with an unauthorized alien. <br />L of 54 1018 <br />
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