Authorized Transactions. A transaction shall become an “Authorized Transaction” when it is (A) approved pursuant to the Trustee’s Response, (B) deemed approved pursuant to Section 4(c)(ii) or (C) when it involves an Approved Security. The designation of a transaction as an Authorized Transaction hereunder shall be binding against the Trustee and the Authorized Transaction shall remain validly approved and authorized until the earlier of (AA) the time that it is expressly countermanded by Valid Notice from the Trustee to the Advisor or (BB) if that transaction involves an Approved Security, until such time as that security is no longer an Approved Security or, if that transaction does not involve an Approved Security, at the end of the twentieth (20th) business day following its designation as an Authorized Transaction.
Appears in 4 contracts
Samples: Investment Advisor Agreement (American Bar Association Members State Street Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr), Investment Advisor Agreement (American Bar Association Members State Street Collective Tr)
