Common use of Reliance on Identifying Number Clause in Contracts

Reliance on Identifying Number. You agree to be responsible for, and that we may rely on, the information contained in any payment order issued by you or on your behalf. You acknowledge that any beneficiary's bank and any receiving bank may pay or otherwise process payment orders based on the bank account or other identifying number of any bank, account or person contained in the payment order, even if it identifies a bank, account or person different from the bank, account or person identified by name. We (and any other receiving bank) may rely on the information contained in any payment order issued by you, including the account number or other identifying number of any bank, person or account, even if that number does not correspond to the bank, person or account identified by name.

Reliance on Identifying Number. You agree Client agrees to be responsible for, and that we Bank may rely on, the information contained in any payment order issued by you Client or on your its behalf. You acknowledge Client acknowledges that any beneficiary's ’s bank and any receiving bank may pay or otherwise process payment orders based on the bank account or other identifying number of any bank, account account, or person contained in the payment order, even if it identifies a bank, account account, or person different from the bank, account account, or person identified by name. We Bank (and any other receiving bank) may rely on the information contained in any payment order issued by youClient, including the account number or other identifying number of any bank, person person, or account, even if that number does not correspond to the bank, person person, or account identified by name.