Inconsistent Entries Sample Clauses
Inconsistent Entries. You acknowledge and agree that (i) if any Entry describes the Receiver inconsistently by name and account number, payment or receipt of the Entry transmitted to or from the Bank to an RDFI may be made by RDFI on the basis of the account number even if it identifies a person different from the named Receiver, and that your obligations to pay or return the amount of the Entry to the Bank is not excused in such circumstances, and (ii) if an Entry describes the RDFI inconsistently by name and identifying number, payment or receipt of the Entry may be made by the RDFI on the basis of the account number even if it identifies an RDFI different from the named RDFI, and that your obligation to pay the amount of the entry to the Bank is not excused in such circumstances.
Inconsistent Entries. As specified in the Rules, Company acknowledges and agrees that (i) if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by Bank to an RDFI might be made by the RDFI (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 that Company’s obligations to pay the amount of the Entry to Bank is not excused in such circumstances, and (ii) if an Entry describes an RDFI inconsistently by name and identifying number, payment of the Entry may be made on the basis of the identifying number, even if it identifies and RDFI different from the named RDFI, and that Company’s obligation to pay the amount of the entry to Bank is not excused in such circumstances.
Inconsistent Entries. SCHOOL acknowledges and agrees that (i) if any Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by FI to an RDFI may be made by RDFI (or by FI 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 person’s obligations to pay the amount of the Entry to FI is not excused in such circumstances, and (ii) if any Entry describes the RDFI inconsistently by name and identifying number, payment of the Entry may be made by the RDFI on the basis of the account number even if it identifies an RDFI different from the named RDFI, and that SCHOOL’s obligation to pay the amount of the entry to FI is not excused in such circumstances.
Inconsistent Entries. Company acknowledges and agrees that (i) if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by Bank to an RDFI might be made by the RDFI (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 that Company’s obligations to pay the amount of the Entry to Bank is not excused in such circumstances, and (ii) if an Entry describes a RDFI inconsistently by name and identifying number, payment of the Entry might be made on the basis of the identifying number even if it identifies an RDFI different from the named RDFI, and that Company’s obligation to pay the amount of the entry to Bank is not excused in such circumstances.