Misdescription of Parties. Customer acknowledges that payment of any Wire Request may be made on the basis of, and any bank (including Bank) executing the Wire Request may rely upon: (i) the number in the order identifying the beneficiary, even if it identifies a party different from the party named as beneficiary; and (ii) the name or number of the beneficiary’s bank or any intermediary bank named in the Wire Request, even if the name and number identify different parties. In either case, no bank (including Bank) shall be required to determine whether the name and number identify the same person. Customer agrees that Bank shall not be responsible for any delay arising out of Bank’s attempt to reconcile inconsistencies between name and account number, or otherwise investigate suspected irregularities.
Misdescription of Parties. You acknowledge that payment of any Payment Order may be made on the basis of, and any bank (including us) executing the Payment Order may rely upon: (i) the number in the order identifying the beneficiary, even if it identifies a party different from the party named as beneficiary; and (ii) the name or number of the beneficiary’s bank or any intermediary bank named in the Payment Order, even if the name and number identify different parties. In either case, no bank (including us) shall be required to determine whether the name and number identify the same person.
Misdescription of Parties. The City acknowledges that payment of any Payment Order may be made on the basis of, and any bank executing the Payment Order may rely upon: (i) the number in the order identifying the beneficiary, even if it identifies a party different from the party named as beneficiary; and (ii) the name or number of the beneficiary’s bank or any intermediary bank named in the Payment Order, even if the name and number identify different parties. In either case, no bank shall be required to determine whether the name and number identify the same person.
