Acting on Instructions Clause Samples
The "Acting on Instructions" clause defines the obligation of one party to follow the directions or orders given by another party, typically within the context of a contractual relationship. In practice, this clause may require an agent, contractor, or service provider to carry out tasks or make decisions based on the explicit instructions received from the principal or client, provided those instructions are lawful and within the scope of the agreement. Its core function is to ensure clarity and accountability in the execution of duties, reducing the risk of misunderstandings or unauthorized actions.
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Acting on Instructions. Subject to complying with our duty to exercise reasonable care and skill and other obligations under the Consumer Guarantees Act 1993, but otherwise irrespective of anything else stated in these Terms and Conditions, we: • may decline to act or delay acting on any instructions given where we consider that we have good reason to do so; and • may, where your Credit Card Account can be accessed by telephone or by any electronic means, assume that any telephone or electronic instructions received using your PIN or access number and password are authorised by you.
Acting on Instructions. The Bank reserves the right to refuse to act upon such Electronic Instructions at its sole discretion and demand written instructions in lieu thereof.
Acting on Instructions. Unclear Instructions 9
Acting on Instructions. The Firm may in its absolute discretion refuse to act on Instructions. If any Instructions are incomplete, unclear, ambiguous, and/or in conflict with others the Firm may in its absolute discretion and without any liability on its part, act upon what the Firm believes in good faith them to be or refuse to act on them until any incompleteness, unclarity, ambiguity or conflict has been resolved to the Firm’s satisfaction. Any Instruction shall be conclusively deemed to be a valid Instruction from the Client to the Firm if the Firm believe it to be genuine. The Client is responsible for any loss, claim or expense incurred by the Firm for following or attempting to follow any Instructions.
Acting on Instructions. Where there is any reference in this Agreement or any other Finance Document to the Agent acting reasonably or properly, or doing an act or coming to a determination, opinion or belief that is reasonable or proper, or any similar or analogous reference, the Agent shall, where it has sought such instructions from the Majority Lenders, be deemed to be acting reasonably and properly or doing an act or coming to a determination, opinion or belief that is reasonable if the Agent acts in accordance with, the express instructions of the Majority Lenders. Where there is in this Agreement or any other Finance Document a provision to the effect that the Agent is not to unreasonably withhold or delay its consent or approval, the Agent shall be deemed not to have so unreasonably withheld or delayed its consent or approval if the withholding or delay is caused by express instructions being sought from the Majority Lenders with respect to such matters and it is not unreasonable for the Majority Lenders to withhold or delay giving their consent or approval.
Acting on Instructions. ▇.▇. ▇▇▇▇▇▇ shall follow Instructions received regarding cash and Financial Assets held in the Accounts. However, until it receives Instructions to the contrary, ▇.▇. ▇▇▇▇▇▇ shall:
(a) Collect on a timely basis and/or receive all income, dividends and other payments payable on the Financial Assets to which Customer is entitled either by law or pursuant to custom in the securities business, and credit such payments to the appropriate Cash Account of Customer.
(b) Present for payment any Financial Assets which are called, redeemed or retired or otherwise become payable and all coupons and other income items which call for payment upon presentation, to the extent that ▇.▇. ▇▇▇▇▇▇ or Subcustodian is actually aware of such opportunities, subject to the ▇.▇. ▇▇▇▇▇▇’▇ obligations hereunder to follow coupon payments, redemptions, exchanges or similar matters with respect to Financial Assets in the Custody Account and advise Customer of rights issued, tender offers or any other discretionary rights with respect to such Financial Assets.
(c) Execute in the name of Customer such ownership and other certificates as may be required to obtain payments in respect of Financial Assets.
(d) Exchange interim receipts or temporary Financial Assets for definitive Financial Assets.
(e) Appoint brokers and agents for any transaction involving the Financial Assets, including, without limitation, Affiliates of ▇.▇. ▇▇▇▇▇▇ or any Subcustodian, in accordance with accepted industry practices in the relevant market.
(f) Upon receipt of Instruction from Customer, pay or cause to be paid bills, statements, or other obligations of the Customer, insofar as funds are available for such payments.
(g) Perform all duties in a timely manner and use reasonable efforts to maintain records sufficient to enable Customer to determine and verify information concerning the custody of its assets.
Acting on Instructions. Method of Instruction; and Unclear Instructions.
(a) The Customer authorizes ▇.▇. ▇▇▇▇▇▇ to accept, rely upon and/or act upon any Instructions received by it without inquiry. The Customer is solely responsible for the accuracy and completeness of Instructions, their proper delivery to ▇.▇. ▇▇▇▇▇▇, for updating such Instructions as may be necessary to ensure continued accuracy and completeness, and for monitoring their status. ▇.▇. ▇▇▇▇▇▇ will not be responsible for any Liabilities resulting from the Customer’s failure to perform these responsibilities. The Customer will indemnify the ▇.▇. ▇▇▇▇▇▇ Indemnitees against, and hold each of them harmless from, any Liabilities that may be imposed on, incurred by, or asserted against the ▇.▇. ▇▇▇▇▇▇ Indemnitees as a result of any action or omission taken in accordance with any Instruction, except to the extent that such Liabilities are caused by the fraud, negligence or willful misconduct of the ▇.▇. ▇▇▇▇▇▇ Indemnitees in the manner in which it carries out the Instruction.
(b) To the extent possible, Instructions to ▇.▇. ▇▇▇▇▇▇ shall be sent via an encrypted, electronic means using technology consistent with industry standards, or a trade information system acceptable to ▇.▇. ▇▇▇▇▇▇.
(c) ▇.▇. ▇▇▇▇▇▇ shall promptly notify an Authorized Person, if ▇.▇. ▇▇▇▇▇▇ determines that an Instruction does not contain all information reasonably necessary for ▇.▇. ▇▇▇▇▇▇ to carry out the Instruction. ▇.▇. ▇▇▇▇▇▇ may decline to act upon an Instruction if it does not receive missing information, clarification or confirmation satisfactory to it. ▇.▇. ▇▇▇▇▇▇ will not be liable for any Liabilities arising from any reasonable delay in carrying out any such Instruction while it seeks any such missing information, clarification or confirmation or in declining to act upon any Instruction for which it does not receive such missing information, clarification or confirmation satisfactory to it.
Acting on Instructions. Method of Instruction and Unclear Instructions
(a) Lender authorizes ▇.▇. ▇▇▇▇▇▇ to accept and act upon any Instructions received by it without inquiry. Lender will indemnify ▇.▇. ▇▇▇▇▇▇ Indemnitees against, and hold each of them harmless from, any Liabilities that may be imposed on, incurred by, or asserted against ▇.▇. ▇▇▇▇▇▇ Indemnitees as a result of any action or omission taken in accordance with any Instruction.
(b) Lender will where reasonably practicable use automated and electronic methods of sending Instructions.
(c) ▇.▇. ▇▇▇▇▇▇ shall promptly notify an Authorized Person if ▇.▇. ▇▇▇▇▇▇ determines that an Instruction does not contain all information reasonably necessary for ▇.▇. ▇▇▇▇▇▇ to carry out the Instruction. ▇.▇. ▇▇▇▇▇▇ may decline to act on an Instruction if it does not receive clarification or confirmation reasonably necessary for ▇.▇. ▇▇▇▇▇▇ to carry out the Instruction. ▇.▇. ▇▇▇▇▇▇ will not be liable for any loss arising from any reasonable delay in carrying out any such Instruction while it seeks any such missing information, clarification or confirmation or in declining to act upon any Instruction for which it does not receive clarification satisfactory to it.
(d) Unless otherwise expressly provided, all Instructions shall continue in full force and effect until cancelled or superseded.
Acting on Instructions. 4.1 Where we receive a request for a transfer of funds within the scope of:
(a) Article 82(1) of theofthe Payment Services Directive (including, but not limited to: (i) transfers in euros or in another currency of an EEA Member State where the transfer takes place within that EEA Member State; and (ii) transfers involving a currency conversion between euro and another currency of an EEA Member State),
(b) Regulation 85(1) of the PSRs 2017 (including, but not limited to: (i) transfers executed wholly within the area of the United Kingdom and the Member States of the European Economic Area from time to time (“Qualifying Area”) in euro under a payment scheme which operates across the Qualifying Area; (ii) transfers executed wholly within the United Kingdom in sterling; and (iii) transfers executed wholly under a payment scheme which operates across the Qualifying Area and involving only one currency conversion between the euro and sterling, provided that (A) the currency conversion is carried out in the United Kingdom; and (B) in the case of cross- border payment transactions, the cross-border transfer takes place in euro),
4.1 then the amount of that transfer is to be credited to the payee's bank by no later than the end of the next business day (as defined in the Payment Services Directive or the PSRs 2017 as applicable ) following the time of receipt of the request.
4.2 For reasons beyond our control, other transfer of funds may take longer to reach the payee's bank than the time periods stated above. We will provide you details of maximum execution times of all other kinds of payment instructions on your request.
4.3 In the event we receive payment instructions from you specifying a future value date, the moment in time of receipt of instructions to execute that payment transaction will be deferred until the last day possible in order to achieve such value date.
4.4 Where a payment transaction is initiated by way of a paper payment order, such payment transaction may take an additional business day to be credited to the payee's account provider's account.
4.5 In certain circumstances, we are required to conduct checks or investigations pursuant to Applicable Law. Only a positive completion of these checks or investigations permits us to execute payment transactions. You agree that for the purposes of payments made from an Account in an EEA Member State or the United Kingdom the moment in time of receipt of instructions to execute a payment transaction wil...
Acting on Instructions. The Processor and any person acting under its authority who has access to personal data of the Controller may process those personal data only on documented instructions from the Controller, including with regard to transfers of personal data to a third country or an international organisation. The Processor shall immediately inform the Controller if, in its opinion, an instruction infringes the GDPR or other European Union or Member State data protection provisions. The Parties are familiar with European Union and Austrian law. The Processor shall thus only be obliged to inform the Controller of legal requirements for the processing of the Controller’s data if these requirements are laid down in other legal provisions. This shall not apply if the Processor is prohibited from informing the Controller on important grounds of public interest.