Common use of Payment Reconciliation Clause in Contracts

Payment Reconciliation. When the Client instructs the Custodian to make a payment from an Account to a third party’s account, in order to enable the third party to perform payment reconciliations, the Custodian may disclose to the third party the Client’s name, address and account number (and such other Client Confidential Information as may be reasonably required by the third party to perform payment reconciliations).

Payment Reconciliation. When the Client instructs the Custodian to make a payment from an Account to a third party’s 's account, in order to enable the third party to perform payment reconciliations, the Custodian may disclose to the third party the Client’s 's name, address and account number (and such other Client Confidential Information as may be reasonably required by the third party to perform payment reconciliations).