Common use of Reliance on Identifying Numbers Clause in Contracts

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.

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.

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 Applicationor 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 andlitigation expenses the Bank may incur mayincur as a result of, or in any way connected with, such inconsistency.