Authorized Instructions Sample Clauses

Authorized Instructions. The Custodian shall be entitled to rely upon any Oral Instructions or Instructions actually received by the Custodian and reasonably believed by the Custodian to be from an Authorized Person (“Authorized Instructions”). Notwithstanding any other provision included in this Agreement, Written Instructions relating to the disbursement of cash of the Fund other than in connection with the purchase, sale or settlement of Securities, shall be in the form of a Certificate. The Fund agrees that an Authorized Person shall forward to the Custodian Instructions confirming Oral Instructions by the close of business of the same day that such Oral Instructions are given to the Custodian. The Fund agrees that the fact Instructions confirming Oral Instructions are not received or that contrary Instructions are received by the Custodian shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions and effected by the Custodian.

Authorized Instructions. The Custodian shall be entitled to rely upon any Oral Instructions or Instructions actually received by the Custodian and reasonably believed by the Custodian to be from one or more Authorized Persons and within the authority of such Authorized Person(s) (“Authorized Instructions”). Notwithstanding any other provision included in this Agreement, Written Instructions relating to the disbursement of moneys of the Fund other than in connection with the purchase, sale or settlement of Securities, shall be in the form of a Certificate. The Fund agrees that an Authorized Person or Authorized Persons shall forward to the Custodian Instructions confirming Oral Instructions by the close of business of the same day that such Oral Instructions are given to the Custodian. The Fund agrees that the Custodian shall incur no liability to the Fund in acting upon Oral Instructions given to the Custodian hereunder, provided such Oral Instructions are Authorized Instructions.

Authorized Instructions. Neither the Custodian nor any Subcustodian shall be liable for any action taken in good faith upon an Authorized Instruction.

Authorized Instructions. The Custodian acknowledges that in accordance with the Deposit Agreement the Depositary is authorized to provide certain instructions and make certain decisions on behalf of the Depositary and the other Co- Owners. The Depositary shall provide a list of persons authorized by the Depositary to give Oral Instructions or Written Instructions with respect to one or more Custody Accounts or with respect to foreign exchange, derivative investments or information and transactional web based services provided by the Custodian or an Affiliate (each an “Authorized Party”). Authorized Parties shall include persons authorized in writing by an Authorized Party. Authorized Parties, their signatures and the extent of their authority shall be provided by Written Instructions to CIBC Mellon. The Custodian, its Sub-custodians and agents may conclusively rely on the authority of such Authorized Parties until a Written Instruction to the contrary is received. The Custodian shall be entitled to rely upon any Oral Instructions or Written Instructions actually received by the Custodian and reasonably believed by the Custodian to be from an Authorized Party (“Authorized Instructions”). The Depositary agrees that an Authorized Party shall forward to the Custodian Written Instructions confirming Oral Instructions by the close of business of the same day that such Oral Instructions are given to the Custodian. The Custodian may act on such Oral Instructions but is not obligated to do so until Written Instructions are received. The Depositary agrees that the fact that Written Instructions confirming Oral Instructions are not received or that contrary Written Instructions are received by the Custodian shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions and effected by the Custodian. Unless otherwise expressly provided, each Authorized Instruction shall continue in full force and effect until superseded or cancelled by another Authorized Instruction.

Authorized Instructions. As used herein, the term "Authorized Instructions" means a writing directed to the Custodian and signed by an Authorized Party. Each such writing shall set forth or evidence the specific transaction or type of transaction involved. Client or the Investment Manager may deliver Authorized Instructions by facsimile transmission, electronic transmission subject to the Custodian's practices, which practices shall be acceptable to Client and agreed to in writing by the Client or the Investment Manager, or any other method specifically agreed to in writing by the Client or the Investment Manager and the Custodian. In addition, the Custodian may, in its discretion, and subject to the procedures below, accept oral Authorized Instructions ("Oral Instructions"). If the Custodian adheres to the security procedures set out below or elsewhere as agreed to in writing by the Client or the Investment Manager, the Custodian shall be fully protected in acting in accordance with all Authorized Instructions that it reasonably believes to have been given by an Authorized Party using the means described in such security procedures or in failing to act in the absence thereof. Notwithstanding anything herein to the contrary, Custodian shall comply with the following security procedures.

Authorized Instructions. (a) Where Northern is required under this Agreement (or otherwise agrees) to act on instructions from the Fund, or any party authorized by the Fund, Northern shall do so upon receipt of Authorized Instructions which may be standing Authorized Instructions. Any Authorized Instructions given to Northern shall bind the Fund. (b) In acting on any Authorized Instructions, Northern is entitled to assume that (i) the Authorized Person providing such Authorized Instructions has complied with any relevant obligations set out in any governing documents of the Fund, and (b) such Authorized Instruction is in accordance with applicable law. Northern is under no obligation to review the propriety or legality of any Authorized Instructions received by it. (c) The Fund acknowledges that the Authorized Persons are authorized to give Authorized Instructions to Northern on behalf of the fund for the purposes of this Agreement and Northern is entitled to rely on the authenticity of the signatures and Authorized Instructions given or purported to be given by the Fund’s Authorized Persons and Northern is not liable for any claim, damage, expense, loss or liability arising from such reliance. Such persons will continue to be Authorized Persons until such time as Northern receives Authorized Instructions from the Fund (or its agent) that any such person is no longer an Authorized Person. (d) Unless otherwise provided in this Agreement, an Authorized Instruction continues in full force and effect until specifically cancelled or superseded by a subsequent Authorized Instruction. (e) Notwithstanding any other provision of this Agreement, instructions, directions and other communications provided under this Agreement may be given to Northern by letter, telex, SWIFT or other electronic or electro-mechanical means deemed acceptable by Northern, including the use of Northern’s Northern Trust Passport® applications, subject to such additional terms and conditions a Northern may require.

Authorized Instructions. All directions and instructions to the Trustee from a party who has been authorized to act on behalf of the Company or the Named Fiduciary pursuant to Section 3.1 or from Pentegra (as provided for in Section 5.4) shall be in writing, transmitted by mail or by facsimile or shall be an electronic transmission, provided the Trustee may, in its discretion, accept oral directions and instructions and may require confirmation in writing of any such oral directions and instructions. The Trustee shall be entitled to rely on and shall be fully protected in acting in accordance with all such directions and instructions which the Trustee reasonably believes to have been given by a party who has been authorized to act on behalf of the Company or the Named Fiduciary pursuant to Section 3.1 or by Pentegra (pursuant to Section 5.4) and in failing to act in the absence thereof.

Authorized Instructions. All directions and instructions ("Instructions") to the Custodian from an Authorized Party shall be in writing, by facsimile transmission, electronic transmission subject to the Custodian's practices, or any other method specifically agreed to in writing by the Clients and the Custodian, provided the Custodian may, in its discretion and subject to the procedures below, accept oral Instructions. If the Custodian adheres to the security procedures identified below, the Custodian shall be fully protected in acting in accordance with all such directions and instructions ("Authorized Instructions") which it reasonably believes to have been given by an Authorized Party or in failing to act in the absence thereof. Notwithstanding anything to the contrary herein, Custodian shall follow the following security procedures.

Authorized Instructions. The Custodian shall be entitled to rely in good faith upon any Oral Instructions or Instructions actually received by the Custodian and reasonably believed by the Custodian to be from an Authorized Person (“Authorized Instructions”). Notwithstanding any other provision included in this Agreement, Written Instructions relating to the disbursement of moneys of the Fund, other than in connection with the purchase, sale or settlement of Securities, shall be in the form of a Certificate. The Trust agrees that an Authorized Person shall forward to the Custodian Instructions confirming Oral Instructions by the close of business of the same day that such Oral Instructions are given to the Custodian. The Trust agrees that the fact Instructions confirming Oral Instructions are not received or that contrary Instructions are received by the Custodian shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions that the Custodian reasonably deemed to be valid and effected by the Custodian prior to the Custodian’s receipt of confirmation.