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The Account Bank Agreement serves as the foundational document governing the banking relationship between financial institutions and their customers in the United States. This agreement is essential when establishing complex banking arrangements, particularly in commercial contexts, and must comply with federal regulations including the UCC, Bank Secrecy Act, and state-specific banking laws. It typically includes detailed provisions on account operation, security measures, electronic banking services, fee structures, and reporting requirements. The agreement is particularly important in structured finance transactions, project finance, and other sophisticated banking arrangements where precise account management and control are crucial.

1. Parties: Identifies the account bank, account holder, and any other relevant parties

2. Background: Sets out the context and purpose of the agreement

3. Definitions and Interpretation: Defines key terms and establishes interpretation rules

4. Appointment and Duration: Establishes the bank's appointment and term of the agreement

5. Account Opening and Operation: Details the accounts to be opened and operational procedures

6. Bank's Duties and Responsibilities: Outlines the obligations of the bank

7. Account Holder's Duties and Representations: Sets out the account holder's obligations and warranties

8. Fees and Expenses: Details the fee structure and payment terms

9. Security and Access: Covers account security and authorized access provisions

10. Termination: Specifies termination conditions and procedures

11. Governing Law and Jurisdiction: Specifies applicable law and dispute resolution forum