Common use of Inconsistency of Name and Account Number Clause in Contracts

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.

Appears in 6 contracts

Samples: Merchant Agreement, Merchant Agreement, Processing and Payment Collection Agreement

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Inconsistency of Name and Account Number. The CLIENT Customer 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 Bank might be made by the Receiving Depository Financial Institution (or by the Bank in the case of an On-Us Entry) on the basis of the account number. This provision shall apply number even if an Entry or account number identified it identifies a person different from the named Receiver. CLIENT shall , and that the Customer's obligation to pay the amount of the Entry to Company and the Bank is not excused in such circumstances.

Appears in 2 contracts

Samples: Management Services Agreement, Management Services Agreement

Inconsistency of Name and Account Number. The CLIENT Customer acknowledges and agrees that, if an Entry describes the Receiver inconsistently by the 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. This provision shall apply number even if an Entry or account number identified it identifies a person different from the named Receiver. CLIENT shall , and that Customer’s obligation to pay the amount of the Entry to Company and Bank is not excused in such circumstances.

Appears in 2 contracts

Samples: Master Services Agreement, www.synovus.com

Inconsistency of Name and Account Number. The CLIENT acknowledges You acknowledge and agrees agree that, if an Entry describes the Receiver inconsistently by the name and account number, payment of the Entry transmitted by Bank to the Receiving Depository Financial Institution might may be made by the Receiving Depository Financial Institution on the basis of the account number. This provision shall apply number supplied by you even if an Entry or account number identified it identifies a person different from the named Receiver. CLIENT shall , and your obligation to pay the amount of the Entry to Company and Bank is not excused in such circumstances.

Appears in 1 contract

Samples: www.1stcapital.bank

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Inconsistency of Name and Account Number. The CLIENT acknowledges You acknowledge and agrees agree that, if an Entry describes the Receiver inconsistently by the name and account number, payment of the Entry transmitted by the Bank to the Receiving Depository Financial Institution might may be made by the Receiving Depository Financial Institution (or by the Bank in the case of an On-Us Entry) on the basis of the account number. This provision shall apply number supplied by you, even if an the Entry or account number identified identifies a person different from the named Receiver. CLIENT shall , and that your obligation to pay the amount of the Entry to Company and the Bank is not excused in such circumstances.

Appears in 1 contract

Samples: Master Cash Management Agreement

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