Inconsistent Information. If instructions describe the intended recipient of funds inconsistently by name and account number, then the Company acknowledges that payment by the receiving the Bank may be made on the basis of account number, even if that account is not owned by the person or entity named in the instructions. If the Company or the Authorized Person are the originator or provider of instructions for any Funds Transfer requests containing an inconsistent name and account number, the Company does hereby acknowledge and agree that the Company has the obligation to pay the Bank the amount of that instruction and such an obligation to pay the Bank shall not be excused in any such circumstances.
Appears in 3 contracts
Sources: Treasury Services Master Agreement, Treasury Services Master Agreement, Treasury Services Master Agreement