Inconsistency of Name and Number. If a payment order describes an intermediary Bank or a beneficiary’s Bank inconsistently by name and number, execution of such payment order might be made by the Bank based solely upon the number, even if the number identifies a Bank different from the named Bank or identifies a person who is not a Bank, and your obligations for the payment order as provided in this agreement shall not be excused in such circumstances. If a payment order describes a beneficiary inconsistently by name and account number, payment of such payment order might be made by the beneficiary’s Bank based solely upon the account number, even if the account number identifies a person different from the named beneficiary, and your obligations for the payment order as provided in this Agreement shall not be excused in such circumstances.
Appears in 7 contracts
Samples: Internet Banking Service Agreement, Internet Banking Service Agreement, Corplink Internet Banking Service Agreement
