Reso 2011-1707 - Laserfiche WebLink

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. ~ . " j ) TMA Tax ID #: BB&T TREASURY MANAGEMENT AGREEMENT THIS AGREEMENT is made 2% ; t-( day of By and between ~.) r nf ~U y\ n ~ Branch Banking and Trust c~pany ("Bank") . . A-'f> r; } T s)e< .6e...cC. ~ ,20 II ("Customer") and I. Service Subject to the tenns and conditions contained in this Agreement, the Commercial Bank Services Agreement ("CBSA") and any Attachment which describe specific Treasury Management ("Services") (whether attached hereto or relating to any Service requested subsequent to the date of this Agreement), each of which are incorporated herein by reference, Bank will furnish Customer with those Services that it may request. Customer agrees to pay for all said Services in accordance with this Agreement and the Bank's current fee schedule for such Services. Initiation by Customer of any Services constitutes acceptance of the tenus and conditions ofthis Agreement, the CBSA and any applicable Attachment. 2. Customer's Duties. Customer shall: a) Perform and observe all conditions, covenants and restrictions as set forth in this Agreement and any Attachments, and if required by a particular Service, maintain, at a minimum, a Deposit Account at Bank subject to the CBSA. b) Pay any bill rendered by Bank within 30 days after the billing date and grant to the Bank a right of set-off in all of Customer's deposit accounts for any bills, costs or expenses owed to Bank under this Agreement or any Attachment. c) Warrant that Customer is fully authorized to effect transaction concerning any account, whether or not in Customer's name, that at Customer's request is the subject of, or is affected by, any Service. d) Carefully examine any statement, notification or confirmation of a transaction and notifY the Bank within 30 days of the statement date of any errors, discrepancies or fraudulent transactions. Customer agrees that the Bank will not be liable for any erroneous, unauthorized or fraudulent transaction resulting from the Customer's failure to safeguard any security or access device used in connection with any Services or its failure to reasonably supervise its employees or agents entrusted with the security or access devise. Customer agrees to conduct a detailed background check of all employees or agents having authority to implement any cash management transaction and to periodically check such others' work. The Customer further agrees that the Bank will not be liable for any erroneous, fraudulent or unauthorized transaction which was not otherwise caused by the Bank's gross negligence or willful misconduct. e) IndemnifY and hold Bank, its affiliates, subsidiaries, officers, directors and employees harmless against any claim, loss, damage, deficiency, penalty, cost or expense resulting from: (a) any breach or default by the Customer in the performance or observance of this or any other Agreement; (b) any negligence or willful misconduct of the Customer; (c) incorrect, incomplete, or inaccurate data or information furnished by Customer to Bank; (d) any action taken by Bank (i) at the direction of Customer or its agent, (ii) at any direction authenticated by any device, symbol, or code assigned to or chosen by Customer in connection with a Service (unless Bank has actual knowledge that such direction is unauthorized), or (iii) in accordance with the procedures set forth in any Attachment. ""T1I1.'} S('d"DN "j $""1,d -+0 +V1~ P..,.. :+,d IOV\l7 <>6 Scc:+:oN I ~t1J.2.. '8 J rl.9,.. :e4e>t >+-#l+V+e-~~ -f::/D 3. Bank's Duties. Bank shall: a) Instruct Customer and its personnel in the proper use and operation of the Service(s) furnished herewith. Exhibit "A" RETURN COMPLETED DOCUMENT TO: Treasury Management Implementation Mailcode 500-96-01-05 Questions Call: 1-800-774-8179 Pg. I of3f~ , viB TSOO I (Rev. 03/3111 0)