Common use of Inconsistency of Name and Account Number Clause in Contracts

Inconsistency of Name and Account Number. The CLIENT acknowledges and agrees that, if an Entry describes the Receiver inconsistently by the name and account number, payment of the Entry transmitted to the Receiving Depository Financial Institution might be made by the Receiving Depository Financial Institution on the basis of the account number. This provision shall apply even if an Entry or account number identified a person different from the named Receiver. CLIENT shall pay the Entry to Company and is not excused in such circumstances.

Inconsistency of Name and Account Number. The CLIENT Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by the name and account number, payment of the Entry transmitted by Bank to the Receiving Depository Financial Institution might be made by the Receiving Depository Financial Institution (or by Bank in the case of an On-Us Entry) on the basis of the account number. This provision shall apply number even if an Entry or account number identified it identifies a person different from the named Receiver. CLIENT shall , and the Company’s obligation to pay the amount of the Entry to Company and Bank is not excused in such circumstances.

Inconsistency of Name and Account Number. The CLIENT acknowledges You acknowledge and agrees agree that, if an Entry describes the Receiver inconsistently by the name and account number, payment of the Entry transmitted by Bank to the Receiving Depository Financial Institution might may be made by the Receiving Depository Financial Institution on the basis of the account number. This provision shall apply number supplied by you even if an Entry or account number identified it identifies a person different from the named Receiver. CLIENT shall , and your obligation to pay the amount of the Entry to Company and Bank is not excused in such circumstances.