Common use of Intermediary Banks Clause in Contracts

Intermediary Banks. 11.1 In order to make a payment, we may need to use a correspondent or intermediary bank and/or one or more payment, clearing, settlement or other systems provided by a third party (each a “System”).

Intermediary Banks. 11.1 13.1 In order to make a payment, we may need to use a correspondent or intermediary bank and/or one or more payment, clearing, settlement or other systems provided by a third party (each a “System”).