Use of Identifying Numbers. In the event a payment or payment order identifies a beneficiary, beneficiary’s bank or intermediary bank inconsistently by name and an identifying number (such as an account number, S.W.I.F.T. address or universal identification number), payment may be made by the intermediary or beneficiary bank on the basis of the identifying number, even if the identifying number identifies a person or entity different from the named person or entity in your payment order and your obligation to pay the payment order shall not be excused by your error. We will rely on the identifying number as proper identification of a beneficiary.
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Samples: www.tccu.net, Account Agreement
Use of Identifying Numbers. In the event a payment or payment order identifies a beneficiary, beneficiary’s bank or intermediary bank inconsistently by name and an identifying number (such as an account number, S.W.I.F.T. address or universal identification number), payment may be made by the intermediary or beneficiary bank on the basis of the identifying number, even if the identifying number identifies a person or entity different from the named person or entity in your payment order and that your obligation to pay the payment order shall not be excused by your error. We will rely on the identifying number as proper identification of a beneficiary.
Appears in 2 contracts
Samples: Deposit Agreement, Deposit Agreement (Prudential Variable Contract Account Gi-2)
Use of Identifying Numbers. In the event a payment or payment order identifies a beneficiary, beneficiary’s 's bank or intermediary bank inconsistently by name and an identifying number (such as an account number, S.W.I.F.T. address or universal identification number), payment may be made by the intermediary or beneficiary bank on the basis of the identifying number, even if the identifying number identifies a person or entity different from the named person or entity in your payment order and that your obligation to pay the payment order shall not be excused by your error. We will rely on the identifying number as proper identification of a beneficiary.
Appears in 1 contract
Samples: Wachovia Commercial Deposit Agreement (Prudential Variable Contract Account Gi-2)