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 transmitted by Bank to the Receiving Depository Financial Institution might be made by the Receiving Depository Financial Institution (or by 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 the Company’s obligation to pay the amount of the Entry to Bank is not excused in such circumstances.
Appears in 4 contracts
Samples: Internet Banking Agreement, Internet Banking Agreement, Internet Banking Agreement
Inconsistency of Name and Account Number. Company The Business Entity acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by Bank to the Receiving Depository Financial Institution Bank might be made by the Receiving Depository Financial Institution 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 Company’s Business Entity's obligation to pay the amount of the Entry to the Bank is not excused in such circumstances.
Appears in 4 contracts
Samples: Treasury Management Master Agreement, Treasury Management Master Agreement, Treasury Management Master Agreement
Inconsistency of Name and Account Number. Company acknowledges and agrees that, if an Entry describes the Receiver inconsistently by name and account number, payment credit or debit of the Entry transmitted by Bank to the Receiving Depository Financial Institution might be made by the Receiving Depository Financial Institution (or by 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 the that Company’s obligation to pay the amount of the Entry to Bank is not excused in such circumstances.
Appears in 3 contracts
Samples: Settlement Services Agreement (Transfirst Holdings Corp.), Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (TransFirst Inc.)
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 transmitted by Bank Financial Institution to the Receiving Depository Financial Institution might may be made by the Receiving Depository Financial Institution (or by Bank Financial 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 the that Company’s obligation to pay the amount of the Entry to Bank Financial Institution is not excused in such circumstances.
Appears in 1 contract
Samples: Ach Originator Agreement
Inconsistency of Name and Account Number. Company acknowledges and agrees that, that if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by Bank Financial Institution to the Receiving Depository Financial Institution might may be made by the Receiving Depository Financial Institution (or by Bank Financial 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 the that Company’s obligation to pay the amount of the Entry to Bank Financial Institution is not excused in such circumstances.
Appears in 1 contract
Samples: City National
Inconsistency of Name and Account Number. Company acknowledges and agrees that, if an Entry describes the Receiver receiver inconsistently by name and account number, payment of the Entry transmitted by Bank financial institution to the Receiving Depository Financial Institution might may be made by the Receiving Depository Financial Institution institution (or by Bank financial 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 Receiverreceiver, and the Companythat company’s obligation to pay the amount of the Entry to Bank financial institution is not excused in such circumstances.
Appears in 1 contract
Samples: Ach Originator Agreement