My Instructions Clause Samples
The "My Instructions" clause defines the process by which one party provides specific directions or requirements to the other party within the context of their agreement. Typically, this clause outlines how instructions should be communicated, such as in writing or through designated representatives, and may specify the scope or limitations of such instructions. Its core practical function is to ensure that both parties have a clear and agreed-upon method for issuing and following instructions, thereby reducing misunderstandings and ensuring that obligations are carried out as intended.
My Instructions. I must accurately describe transaction beneficiaries, intermediary financial institutions, and the beneficiary’s financial institution in transfer and payment instructions. If I describe any beneficiary or institution inconsistently by name and number, other institutions and you may process the transaction solely on the basis of the number, even if the number identifies a person or entity different from the named beneficiary or institution.