Reliance on Identifying Numbers Sample Clauses

Reliance on Identifying Numbers. If Secured Party indicates a name and an identifying number for the bank of the person or entity to receive funds transfers out of the Restricted Account, Secured Party and Company understand and agree that Bank may rely on the number Secured Party indicates even if that number identifies a bank different from the bank Secured Party named. If Secured Party indicates a name and an account number for the person or entity to receive funds transfers out of the Restricted Account, Secured Party and Company understand and agree that Bank may rely on the account number Secured Party indicates even if that account number is not the account number for the person or entity who is to receive the transfers.
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Reliance on Identifying Numbers. You agree that the Bank may rely on the identifying number (e.g., FEDWIRE number or account number) of any person or entity as instructed in the Transfer Application or Letter of Authorization, be it the Intermediary Bank, Beneficiary's Bank or Beneficiary, even if it identifies a person or entity different from that identified by name. You will be responsible for any inconsistency between the name and identifying number of any such person or entity as set forth in the Transfer Application or Letter of Authorization and will be liable for any loss, liability, expense or damage, including attorney's fees and litigation expenses the Bank may incur as a result of, or in any way connected with, such inconsistency.
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Reliance on Identifying Numbers. In executing Payment Orders, OANDA may rely upon identifying or account numbers of a beneficiary, beneficiary's bank or intermediary bank rather than names. Likewise, payment of a Payment Order may be made by a beneficiary's bank on the basis of an identifying or bank account number even if it identifies a person different from the named beneficiary. OANDA shall have no duty to detect any inconsistency between the name and any such number contained in a Payment Order. Accordingly, you are responsible for such inconsistencies and shall hold OANDA harmless from any loss, liability, expense or damage it may incur as a result of such inconsistency, including without limitation, attorneys' fees and expenses of litigation.
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Reliance on Identifying Numbers. If the Concentration Account Servicer indicates a name and an identifying number for the Concentration Account Bank of the person or entity to receive funds transfers out of the Accounts, the parties understand and agree that the Concentration Account Bank may rely on the number the Concentration Account Servicer indicates even if that number identifies a bank different from the bank the Concentration Account Servicer named. If the Concentration Account Servicers indicate a name and an account number for the person or entity to receive funds transfers out of the Accounts, the parties understand and agree that the Concentration Account Bank may rely on the account number the Concentration Account Servicer indicates even if that account number is not the account number for the person or entity who is to receive the transfers.
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Reliance on Identifying Numbers. If Control Party indicates a name and an identifying number for the bank of the person or entity to receive funds transfers out of the Account, Control Party and Depositor understand and agree that Bank may rely on the number Control Party indicates even if that number identifies a bank different from the bank Control Party named. If Control Party indicates a name and an account number for the person or entity to receive funds transfers out of the Account, Control Party and Depositor understand and agree that Bank may rely on the account number Control Party indicates even if that account number is not the account number for the person or entity who is to receive the transfers. Notwithstanding the foregoing, and solely as between Depositor and Control Party, any such identification by Control Party shall not impact the application of such funds as required by the terms of the security agreement and other loan documents evidencing the Depositor’s debt to Control Party.
Sample 1
Reliance on Identifying Numbers. If Secured Party indicates a name and an identifying number for the bank of the person or entity to receive funds transfers out of the Account, Secured Party and Depositor understand and agree that Bank may rely on the number Secured Party indicates even if that number identifies a bank different from the bank Secured Party named. If Secured Party indicates a name and an account number for the person or entity to receive funds transfers out of the Account, Secured Party and Depositor understand and agree that Bank may rely on the account number Secured Party indicates even if that account number is not the account number for the person or entity who is to receive the transfers. Notwithstanding the foregoing, and solely as between Depositor and Secured Party, any such identification by Secured Party shall not impact the application of such funds as required by the terms of the security agreement and other loan documents evidencing the Depositor’s debt to Secured Party
Sample 1
Reliance on Identifying Numbers. If the financial institution ("ODFI") initiating an ACH Debit out of the Collection Account indicates a name and an identifying number for the financial institution ("RDFI") of the person or entity to receive the ACH Debit transfer, Lender and Company understand and agree that Bank may rely on the number indicated by the ODFI even if that number identifies an RDFI different than the one that has been named. If the ODFI indicates a name and an account number for the person or entity to receive the ACH Debit transfer, Lender and Company understand and agree that Bank may rely on the indicated account number even if that number is not the account number for the person or entity who is to receive the transfer.
Sample 1
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Reliance on Identifying Numbers. In executing or otherwise acting on Payment Orders, the Bank shall rely upon identi- fying account or identification numbers of a beneficiary, beneficiary’s bank or intermediary bank rather than names. Likewise, payment of a Payment Order may be made by a beneficiary’s bank on the basis of an identifying or bank account number even if it identifies a person different from the named beneficiary. The Bank shall have no duty to detect any inconsistency between the name and number contained in a Payment Order. Accordingly, the Customer is responsible for such inconsistencies and shall indemnify and hold the Bank harmless from and against any loss, liability, expense or damage it may incur as a result of such inconsistency, including, without limitation, attorneys’ fees and disbursements and expenses of litigation.
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Related to Reliance on Identifying Numbers

  • No Reliance on Agent’s Customer Identification Program Each Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees, may rely on the Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving any of the following items relating to or in connection with any Borrower, its Affiliates or its agents, this Agreement, the Other Documents or the transactions hereunder or contemplated hereby: (1) any identity verification procedures, (2) any record-keeping, (3) comparisons with government lists, (4) customer notices or (5) other procedures required under the CIP Regulations or such other laws.

  • No Reliance on Administrative Agent’s Customer Identification Program Each Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees, may rely on the Administrative Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA Patriot Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving any of the following items relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the Loan Documents or the transactions hereunder or contemplated hereby: (i) any identity verification procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such other Laws.

  • Reliance on Information For purposes of its obligations under this Section, the Primary Servicer shall be entitled to rely on the following information to the extent that such information relates to mortgage loans that are not serviced under this Agreement: (i) the final prospectus supplement prepared by the Depositor with respect to the offering of the securities issued by the ABS Issuing Entity and (ii) any reports delivered from time to time by the Master Servicer, the master servicer for the ABS Issuing Entity (if such party is not the Master Servicer), the trustee for the ABS Issuing Entity and/or the paying agent, certificate administrator or other similar party for the ABS Issuing Entity.

  • Reliance on Notices Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation or similar notice believed by Agent to be genuine. Agent may assume that each Person executing and delivering any notice in accordance herewith was duly authorized, unless the responsible individual acting thereon for Agent has actual knowledge to the contrary.

  • Customer Identification - USA Patriot Act Notice The Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56, signed into law October 26, 2001) (the “Act”), and the Lender’s policies and practices, the Lender is required to obtain, verify and record certain information and documentation that identifies the Borrower, which information includes the name and address of the Borrower and such other information that will allow the Lender to identify the Borrower in accordance with the Act.

  • Reliance on Representations Purchaser understands that the Securities are being offered and sold to it in reliance on specific exemptions from the registration requirements of the federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and such Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser to acquire the Securities. Purchaser represents and warrants to the Company that any information that Purchaser has heretofore furnished or furnishes herewith to the Company is complete and accurate, and further represents and warrants that it will notify and supply corrective information to the Company immediately upon the occurrence of any change therein occurring prior to the Company’s issuance of the Securities. Within five (5) days after receipt of a request from the Company, Purchaser will provide such information and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is subject.

  • Taxpayer Identification Number; Other Identifying Information The true and correct U.S. taxpayer identification number of the Borrower is set forth on Schedule 10.02.

  • Further Identification of Collateral Each Debtor will, when and as often as requested by the Secured Party or its Representative, furnish to the Secured Party or such Representative, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Secured Party or its Representative may reasonably request, all in reasonable detail.

  • Reliance on Opinions Before the Indenture Trustee acts or does not act, it may require and rely on an Officer’s Certificate or an Opinion of Counsel. The Indenture Trustee will not be liable for any action taken or not taken in good faith in reliance on an Officer’s Certificate or Opinion of Counsel.

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