Directions Through FundSERV Clause Samples
The 'Directions Through FundSERV' clause establishes that instructions or transactions related to the agreement will be processed using the FundSERV platform. In practice, this means that orders, trades, or other communications between parties are submitted electronically through FundSERV’s standardized system, which is commonly used in the Canadian investment industry for mutual fund transactions. This clause ensures efficient, secure, and consistent handling of instructions, reducing errors and delays that might occur with manual or alternative methods.
Directions Through FundSERV. In all circumstances, if applicable, where the Trustee is required to process trades in Units of the Fund through and in accordance with information and/or directions received only through FundSERV, the Manager hereby authorizes and directs the Trustee to act on all such information and/or directions so received which shall be deemed to be Directions from the Manager for all purposes of this Master Trust Agreement. For greater certainty, subject to meeting its standard of care as described in Section 9.1, the Trustee shall not have any liability for acting on such information and/or Directions received only through FundSERV in order to process such trades.