Common use of Authorised Instructions Clause in Contracts

Authorised Instructions. 8.1.1 PTM hereby represents and warrants that where ABX is provided instructions by PTM or PTM’s Authorised Trading Agent on its Bullion Account, ABX may rely upon and action those instructions where PTM shall have no recourse against ABX. 8.1.2 ABX hereby represents and warrants that it shall only deal with PTM’s Bullion Account where ABX has, or appears to have received instructions from PTM or PTM’s Authorised Trading Agent permitting such dealings. Such authorised instructions may be received by any accepted mediums of communication including but not limited to telephone, email, postal mail or any other form of direct communication where mutually agreed by the Parties. 8.1.3 Where authorised instructions have been received by ABX pursuant to Clause 8.1.2, said authorised instructions shall remain in force until such time as ABX is notified otherwise by the accepted mediums of communication as mutually agreed by the Parties.

Authorised Instructions. 8.1.1 PTM Full Member hereby represents and warrants that where ABX is provided instructions by PTM Full Member or PTMFull Member’s Authorised Trading Agent on its Bullion Account, ABX may rely upon and action those instructions where PTM Full Member shall have no recourse against ABX. 8.1.2 ABX hereby represents and warrants that it shall only deal with PTMFull Member’s Bullion Account where ABX has, or appears to have received instructions from PTM Full Member or PTMFull Member’s Authorised Trading Agent permitting such dealings. Such authorised instructions may be received by any accepted mediums of communication including but not limited to telephone, email, postal mail or any other form of direct communication where mutually agreed by the Parties. 8.1.3 Where authorised instructions have been received by ABX pursuant to Clause 8.1.2, said authorised instructions shall remain in force until such time as ABX is notified otherwise by the accepted mediums of communication as mutually agreed by the Parties.