Payment in the Same Name Sample Clauses
The "Payment in the Same Name" clause requires that payments made under the contract must be directed to the same name as specified in the agreement, typically the name of the contracting party. In practice, this means that if a company or individual is listed as the payee, all payments—whether by check, wire transfer, or other means—must be issued to that exact name, and not to a third party or affiliate. This clause helps prevent fraud, misdirection of funds, and administrative errors by ensuring that payments are only made to the authorized recipient as agreed in the contract.
Payment in the Same Name. If the Stock Election Consideration and a Fractional Share Check (if applicable) or a Cash Election Consideration Check are to be issued in the same name as the surrendered HomeFed certificate is registered, the Letter of Transmittal should be completed and signed exactly as the surrendered certificate is registered. Do not sign the stock certificate(s). Signature guarantees are not required if the certificate(s) surrendered herewith are submitted by the registered owner of such shares who has not completed the section entitled “Special Payment/Issuance Instructions” or are for the account of an Eligible Institution. If any of the shares surrendered hereby are owned by two or more joint owners, all such owners must sign this Letter of Transmittal exactly as written on the face of the certificate(s). If any shares are registered in different names on several certificates, it will be necessary to complete, sign and submit as many separate Letters of Transmittal as there are different registrations. Letters of Transmittal executed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations, or others acting in a fiduciary capacity who are not identified as such in the registration must be accompanied by proper evidence of the signer’s authority to act.
Payment in the Same Name. If the check and stock certificate are issued in the same name as the surrendered certificate is registered, the Letter of Transmittal should be completed and signed exactly as the surrendered certificate is registered. Do not sign the stock certificate(s). Signature guarantees are not required if the certificate(s) surrendered herewith are submitted by the registered owner of such shares who has not completed the section entitled “Special Payment Instructions” or are for the account of an Eligible Institution. If any of the shares surrendered hereby are owned by two or more joint owners, all such owners must sign this Letter of Transmittal exactly as written on the face of the certificate(s). If any shares are registered in different names on several certificates, it will be necessary to complete, sign and submit as many separate Letters of Transmittal as there are different registrations. Letters of Transmittal executed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations, or others acting in a fiduciary capacity who are not identified as such in the registration must be accompanied by proper evidence of the signer's authority to act.
Payment in the Same Name. If the check and stock certificate are issued in the same name as the surrendered Converting Instrument, the Letter of Transmittal should be completed and signed exactly as the surrendered Converting Instrument is registered. Notwithstanding the foregoing, for a correction of name or for a change in name which, in either case, does not involve a change of ownership, proceed as follows: (a) for a change in name by marriage, etc. the surrendered Converting Instruments should be endorsed, e.g., “▇▇▇▇ ▇▇▇, now by marriage Mrs. ▇▇▇▇ ▇▇▇▇▇;” and (b) for a correction in name, the surrendered Converting Instruments should be endorsed, e.g., “▇▇▇▇▇ ▇. ▇▇▇▇▇, incorrectly inscribed as ▇.▇. ▇▇▇▇▇.” Subject to the preceding sentence, do not sign any Converting Instrument(s). Signature guarantees are not required if the Converting Instrument(s) surrendered herewith are submitted by the registered owner of such securities who has not completed the section entitled “Special Payment Instructions” or are for the account of an Eligible Institution. If any of the securities surrendered hereby are owned by two (2) or more joint owners, all such owners must sign this Letter of Transmittal exactly as written on the face of the Converting Instrument(s). If any securities are registered in different names on several Converting Instruments, it will be necessary to complete, sign and submit as many separate Letters of Transmittal as there are different registrations. Letters of Transmittal executed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations, or others acting in a fiduciary capacity who are not identified as such in the registration must be accompanied by proper evidence of the signer’s authority to act.
Payment in the Same Name. If the check is to be issued or the wire is to be sent to an account in the same name as the surrendered book-entry position(s) is (are) registered, this Letter should be completed and signed exactly as the surrendered book-entry position(s) is (are) registered. Signature guarantees are not required if the registered owner of the book-entry position(s) hereby signs this Letter and the section entitled “Special Payment Instructions” is not completed or if such book entry position(s) is (are) surrendered for the account of an Eligible Institution. If any of the book-entry-position(s) surrendered hereby is (are) owned by two or more joint owners, all such owners must sign this Letter exactly as the book-entry position(s) is (are) registered. If any book-entry position(s) is (are) registered in different record holder names, it will be necessary to complete, sign and submit as many separate Letters of Transmittal as there are different registrations. If this Letter is executed by trustees, executors, administrators, guardians, attorneys-in-fact, officers or other duly authorized representatives of corporations or other entities, or others acting in a fiduciary capacity who are not identified as such in the registration, this Letter must be accompanied by proper evidence of the signer's authority to act on behalf of the record holder(s).