Inconsistency of Name and Number. If a payment order describes an intermediary Bank or a beneficiary’s Bank inconsistently by name and number, execution of such payment order might be made by the Bank based solely upon the number, even if the number identifies a Bank different from the named Bank or identifies a person who is not a Bank, and your obligations for the payment order as provided in this agreement shall not be excused in such circumstances. If a payment order describes a beneficiary inconsistently by name and account number, payment of such payment order might be made by the beneficiary’s Bank based solely upon the account number, even if the account number identifies a person different from the named beneficiary, and your obligations for the payment order as provided in this Agreement shall not be excused in such circumstances.
Inconsistency of Name and Number. You acknowledge and agree that if a Payment Order identifies a Beneficiary or Receiver with a name and account number that does not match, payment of the Payment Order may be made on the basis of the account number even if the name of the account holder for that account does not match the name specified in the Payment Order, and you will be obligated to pay the amount of the Payment Order in such event.
Inconsistency of Name and Number. If an entry describes a financial institution or the receiver of an entry inconsistently by name and account or other identifying number, the account or other identifying number may be relied upon and the name disregarded.
Inconsistency of Name and Number. An RDFI can make payment to a Receiver based solely on the account number, even if the name in the Entry differs from the name on the account. We may send an Entry to an RDFI based solely on the bank-identifying number you provide, even if the number is incorrect and identifies a different RDFI.
Inconsistency of Name and Number. You hereby acknowledge that, if an Entry describes the Receiver inconsistently by name and account number, completion of the Entry, at the election of FGB or the Receiver, may be made on the basis of the account number even if it identifies a person different from the named Receiver.
Inconsistency of Name and Number. If a Transfer Instruction describes the person to receive payment inconsistently by name and account number (i) payment may be made on the basis of the account number even if the account number identifies a person different from the named person or (ii) Bank may in its sole discretion refuse to accept or may return the Transfer Instruction. If a Transfer Instruction describes a participating financial institution inconsistently by name and identification number, the identification number may be relied upon as the proper identification of the financial institution. If a Transfer Instruction identifies a nonexistent or unidentifiable person or account as the beneficiary or beneficiary's account, Bank may in its sole discretion refuse to accept or may return the Transfer Instruction.
Inconsistency of Name and Number. You hereby acknowledge that, if a Transaction describes the other party inconsistently by name and account number, completion of the Transaction, at the election of FGB (or any third party involved in the completion of the Transaction), may be made on the basis of the account number even if it identifies a person different from the named Receiver or intended recipient.
Inconsistency of Name and Number. A beneficiary’s bank can make pay- ment to a beneficiary based solely on the account or other identifying number, even if the name in the Request differs from the name on the account. We or an intermediary bank may send a Request to an intermediary bank or the beneficia- ry’s bank based solely on the bank identifying number You provide, even if the number is incorrect and identifies a different bank and/or beneficiary. This may result in the funds being credited and taken by an unintended party, resulting in the loss of funds. You will be liable for this loss.
Inconsistency of Name and Number. If a payment order describes the receiver inconsistently by name and account number (i) payment may be made on the basis of the account number even if it identifies a person different from the named receiver (ii) Bank may in its sole discretion refuse to accept or may return the payment order. If a payment order describes a participating financial institution inconsistently by name and identification number, the identification number may be relied upon as the proper identification of the financial institution. If a payment order identifies a non-existent or unidentifiable person or account as the receiver or the receiver's account, Bank may in its sole discretion refuse to accept or may return the payment order.
Inconsistency of Name and Number. If a payment order describes (a) the -------------------------------- receiver inconsistently by name and account number, payment may be made on the basis of the account number even if it identifies a person different from the named receiver, or (b) a participating financial institution inconsistently by name and identification number, the identification number may be relied upon as the proper identification of the financial institution. The undersigned have caused this Agreement to be executed and warrant that their respective signatory, whose signature(s) appears below, has been and is on date of this Agreement date duly authorized by all necessary action in accordance with its governing instruments to execute this Agreement. Agreed To And Accepted By: Agreed To And Accepted By: NORWEST BANK IOWA, AEGIS MORTGAGE NATIONAL ASSOCIATION ("BANK") ACCELERATION CORP. ("COMPANY") By: /s/ Xxxx Xxxxx Xxxxx By: /s/ Xxxxx X. Xxxxxxxx ------------------------------------ ------------------------------ Name: Xxxx Xxxxx Xxxxx Name: Xxxxx X. Xxxxxxxx ---------------------------------- ---------------------------- Title: Vice President Title: Vice President --------------------------------- --------------------------- Date: 7/15/99 Date: 6/14/99 ---------------------------------- ----------------------------
