Common use of Decline/Delay in Processing Clause in Contracts

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.

Appears in 26 contracts

Samples: Custody Agreement (Vista Credit Strategic Lending Corp.), Custody Agreement (Cohen & Steers ETF Trust), Custody Agreement (Wellington Global Multi-Strategy Fund)

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Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete incomplete, or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice Practice, or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction correction, or amendment of any Proper Instruction, as the case may be.

Appears in 3 contracts

Samples: Custody Agreement (TCW Private Asset Income Fund), Custody Agreement (TCW ETF Trust), Custody Agreement (TCW ETF Trust)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.. Information Classification: Limited Access

Appears in 1 contract

Samples: Custody Agreement (Pershing Square USA, Ltd.)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 23.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 23.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 23.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 23.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (Hercules Capital, Inc.)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice Practice, or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction correction, or amendment of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (2023 ETF Series Trust II)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 17.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 17.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 17.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 17.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (Diamond Hill Securitized Credit Fund)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s 's standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (Northern Lights Fund Trust Iii)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment from the Client of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (Partners Group Growth, LLC)

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Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.. ​ Information Classification: Limited Access

Appears in 1 contract

Samples: Custody Agreement (PGIM Private Credit Fund)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstancesthe circumstances set forth in 22.6.1, 22.6.2 and 22.6.3, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (WisdomTree Bitcoin Fund)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear;; Information Classification: Limited Access 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (Apollo S3 Private Markets Fund)

Decline/Delay in Processing. The Custodian reserves the right to decline to process or delay the processing Processing of any purported Proper Instruction where: 22.6.1 the Custodian, in good faith, determines that the instruction may not have been properly authorized; 22.6.2 the instruction is inaccurate, incomplete or unclear; 22.6.3 the instruction conflicts with the terms of this Agreement or any Law applicable to either Party, Local Market Practice or the Custodian’s standard Standard operating procedures; or 22.6.4 the Custodian has not been given a reasonable time period to effect the instruction. In these circumstances, the Custodian will promptly seek authentication, clarification, correction or amendment from the Client of any Proper Instruction, as the case may be.

Appears in 1 contract

Samples: Custody Agreement (Partners Group Next Generation Infrastructure LLC)

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