Inconsistency of Name and Account Number. The Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry may be made on the basis of the account number even if it identifies a person different from the named Receiver, and the Company’s obligation to pay the amount of the Entry to the Bank is not excused in such circumstances.
Appears in 3 contracts
Samples: Cash Management Ach Origination Agreement, Cash Management Ach Origination Agreement, Ach Origination Agreement
Inconsistency of Name and Account Number. The Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account Account number, payment of the Entry may be made on the basis of the account Account number even if it identifies a person different from the named Receiver, and the Company’s obligation to pay the amount of the Entry to the Bank is not excused in such circumstances.
Appears in 3 contracts
Samples: Treasury Management Master Services Agreement, Treasury Management Master Services Agreement, Treasury Management Master Services Agreement
Inconsistency of Name and Account Number. The Company acknowledges and agrees that, if an Entry describes the Receiver receiver inconsistently by name and account Account number, payment of the Entry may be made on the basis of the account Account number even if it identifies a person different from the named Receiver, and the Company’s obligation to pay the amount of the Entry to the Bank is not excused in such circumstancesreceiver.
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