Common use of Name and Account Number Inconsistency Clause in Contracts

Name and Account Number Inconsistency. You acknowledge 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.

Name and Account Number Inconsistency. You acknowledge Company 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.