Inconsistency of Name and Account Number. The CLIENT acknowledges and agrees that, if an Entry describes the Receiver inconsistently by the name and account number, payment of the Entry transmitted to the Receiving Depository Financial Institution might be made by the Receiving Depository Financial Institution on the basis of the account number. This provision shall apply even if an Entry or account number identified a person different from the named Receiver. CLIENT shall pay the Entry to Company and is not excused in such circumstances.
Inconsistency of Name and Account Number. The Business Entity acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted to the Receiving Depository Bank might be made by the Receiving Depository Bank (or by the Bank in the case of an On-Us Entry) on the basis of the account number even if it identifies a person different from the named Receiver, and that the Business Entity's obligation to pay the amount of the Entry to the Bank is not excused in such circumstances.
Inconsistency of Name and Account Number. Merchant acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by TransFirst, through its Third-Party Sender where applicable, to the ODFI or from the ODFI to the RDFI may be made by the RDFI (or by the ODFI in the case of an On-Us Entry) on the basis of the account number supplied by Xxxxxxxx, even if it identifies a person different from the named Receiver, and that Xxxxxxxx's obligation to pay the amount of the Entry is not excused in such circumstances. Without limitation, TransFirst, its Third-Party Sender, and the ODFI shall be entitled to rely on the routing and transit number provided to TransFirst by Merchant, even though the routing and transit number does not correctly identify the financial institution named in the Entry.
Inconsistency of Name and Account Number. Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and Account number, payment of the Entry may be made on the basis of the Account number even if it identifies a person different from the named Receiver, and Company’s obligation to pay the amount of the Entry to Bank is not excused in such circumstances.
Inconsistency of Name and Account Number. The Member Client acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by the Financial Institution to the RDFI may be made by the RDFI (or by the Financial Institution in the case of an On-Us Entry) on the basis of the account number supplied by the Member Client, even if it identifies a person different from the named Receiver, and that the Member Client’s obligation to pay the amount of the Entry to the Financial Institution is not excused in such circumstances. Member Client is liable for and must settle with Financial Institution for any Entry initiated by Member Client that identifies the Receiver by account or identifying number or by name and account or identifying number.
Inconsistency of Name and Account Number. If you give us a payment order to be wire transferred which identifies the beneficiary (recipient of funds) by name and account number, payment may be made by the beneficiary’s financial institution on the basis of the account number, even if it identifies a person different than the beneficiary. If you give us a payment order which identifies an intermediary or beneficiary’s financial institution by both name and identifying number, a receiving financial institution may rely on the number as the proper identification even if it identifies a different financial institution than the named financial institution.
Inconsistency of Name and Account Number. It is the responsibility of the Customer to verify that the individual signing the ACH debit or credit authorization is in fact entitled to use of the specified account. Customer acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by the Bank to the RDFI may be made by the RDFI (or by the Bank in the case of an On-Us Entry) on the basis of the account number supplied by the Customer, even if it identifies a person different form the named Receiver, and that Customer’s obligation to pay the amount of the Entry to Bank is not excused in such circumstances.
Inconsistency of Name and Account Number. The Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by the Institution to the RDFI may be made by the RDFI (or by the Institution in the case of an On- Us Entry) on the basis of the account number supplied by the Company, even if it identifies a person different from the named Receiver, and that the Company’s obligation to pay the amount of the Entry to the Institution is not excused in such circumstances.
Inconsistency of Name and Account Number. The Third-Party Sender acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by Financial Institution to the RDFI may be made by the RDFI (or by Financial Institution in the case of an On-Us Entry) on the basis of the account number supplied by the Third-Party Sender, even if it identifies a person different from the named Receiver, and that the Third-Party Sender’s obligation to pay the amount of the Entry to Financial Institution is not excused in such circumstances. Third-Party Sender is liable for and must settle with Financial Institution for any Entry initiated by Third-Party Sender that identifies the Receiver by account or identifying number or by name and account or identifying number. 12 Effective December 7, 2022
Inconsistency of Name and Account Number. An RDFI can make payment(s) to a Receiver based solely on the account number, even if the name in the Entry differs from the name on the account. We may send an Entry to a RDFI based solely on the bank identifying number, even if you provide us with a different RDFI name, and you will be bound thereby.
