Common use of Inconsistency of Name or Number Clause in Contracts

Inconsistency of Name or Number. The beneficiary’s bank may make payment to the beneficiary based solely on the account or other identifying number, even if the name on the payment order differs from the name on the account. We or an intermediary bank Sending Payment Orders We may select any intermediary bank, funds transfer system or other means of transmittal to send your pay- ment orders. Our selection may differ from that indicated in your instructions. Notice of Rejection We may reject payment orders. We notify you of any rejection orally, electronically or in writing. If we send written notices by mail, we do so by the end of the next business day.

Inconsistency of Name or Number. The beneficiary’s bank may make payment to the beneficiary based solely on the account or other identifying number, even if the name on the payment order differs differs from the name on the account. We or an intermediary bank Sending Payment Orders We may select any intermediary bank, funds transfer system or other means of transmittal to send your pay- ment orders. Our selection may differ differ from that indicated in your instructions. Notice of Rejection We may reject payment orders. We notify you of any rejection orally, electronically or in writing. If we send written notices by mail, we do so by the end of the next business day.