Identifying Numbers. If your Payment Order identifies the beneficiary by both a name and an identifying or bank account number, and the name and number identify different persons, execution of the Payment Order, payment to the beneficiary, or cancellation of the Payment Order may be made solely on the basis of the number. If your Payment Order identifies any bank by both a name and an identifying number and the number identifies a bank different from the bank identified by name, any bank may rely solely on the identifying number. In that instance, you are obligated to pay Bank the amount of the transfer originated by Bank on the basis of that Payment Order.
Appears in 4 contracts
Samples: Treasury Services Master Agreement, Treasury Services Master Agreement, Treasury Services Master Agreement
