Common use of Inconsistency of Name and Number Clause in Contracts

Inconsistency of Name and Number. You hereby acknowledge that, if a Transaction describes the other party inconsistently by name and account number, completion of the Transaction, at the election of FGB (or any third party involved in the completion of the Transaction), may be made on the basis of the account number even if it identifies a person different from the named Receiver.

Inconsistency of Name and Number. You hereby acknowledge that, if a Transaction describes the other party inconsistently by name and account number, completion of the Transaction, at the election of FGB (or any third party involved in the completion of the Transaction), may be made on the basis of the account number even if it identifies a person different from the named ReceiverReceiver or intended recipient.