Common use of Name and Account Number Inconsistency Clause in Contracts

Name and Account Number Inconsistency. Sub-Merchant acknowledges that if an Entry describes the receiver inconsistently by name and account number, payment of the Entry may be made as provided in the Rules on the basis of the account number even if it identifies a Party different from the named receiver.

Appears in 6 contracts

Samples: Sub Merchant Agreement, Merchant Services Agreement, Merchant Services Agreement for Sub Merchants

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Name and Account Number Inconsistency. Sub-Merchant acknowledges that if an Entry describes the receiver inconsistently by name and account number, payment of the Entry may be made as provided in the Operating Rules on the basis of the account number even if it identifies a Party party different from the named receiver.

Appears in 3 contracts

Samples: Sub Merchant Agreement, Sub Merchant Agreement, Sub Merchant Agreement

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Name and Account Number Inconsistency. Sub-Sub- Merchant acknowledges that if an Entry describes the receiver inconsistently by name and account number, payment of the Entry may be made as provided in the Rules on the basis of the account number even if it identifies a Party different from the named receiver.

Appears in 2 contracts

Samples: Sub Merchant Agreement, Merchant Services Agreement for Sub Merchants

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