Common use of Reliance on Identifying Number Clause in Contracts

Reliance on Identifying Number. In processing Wire Transfers, Bank may rely on the account number or the number of the intermediary bank that Client specifies in the Payment Order even if the number identifies a different person or bank. In that instance, Client is obligated to pay Bank the amount of the transfer originated by Bank on the basis of that Payment Order.

Reliance on Identifying Number. In processing Wire Transfers, Bank may rely on the account number or the number of the intermediary bank that Client specifies in the Payment Order even if the number identifies a different person or bankxxxxxx. In that instance, Client is obligated to pay Bank the amount of the transfer originated by Bank on the basis of that Payment Order.

Reliance on Identifying Number. In processing Wire TransfersTransfer Requests, the Bank may rely on the account Account number or the number of the intermediary bank that Client specifies you specify in the Payment Order Wire Transfer Request even if the number identifies a different person or bank. In that instance, Client is you are obligated to pay the Bank the amount of the transfer originated by the Bank on the basis of that Payment OrderWire Transfer Request.