Fund Instructions. 7.1 The Transfer Agent will have no liability when acting for a Fund in accordance with Written or Oral Instructions believed to have been executed or orally communicated by an Authorized Person of the Fund and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from the Fund. The Transfer Agent will also have no liability when processing Share certificates for a Fund which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund and the proper countersignature of the Transfer Agent. 7.2 The Transfer Agent may request Written Instructions from a Fund and may seek advice from legal counsel for the Fund with prior notice to the Fund, or its own legal counsel, with respect to any matter arising in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with such Written Instructions or in accordance with the opinion of counsel for the Fund or for the Transfer Agent. Written Instructions requested by the Transfer Agent will be provided by the Fund within a reasonable period of time. 7.3 The Transfer Agent, its officers, agents or employees, shall accept Oral Instructions or Written Instructions given to them with respect to a Fund by any person representing or acting on behalf of the Fund only if said representative is an Authorized Person of the Fund. The Funds agree that all Oral Instructions shall be followed within one business day by confirming Written Instructions, and that the Funds' failure to so confirm shall not impair in any respect the Transfer Agent's right to reply on Oral Instructions.
Appears in 37 contracts
Samples: Transfer Agency and Services Agreement (Nations Institutional Reserves), Transfer Agency and Services Agreement (Nations Annuity Trust), Transfer Agency and Services Agreement (Nations Fund Trust)
Fund Instructions. 7.1 The 6.1 Transfer Agent will have no liability when not be liable for its acting for a Fund in accordance with upon Written or Oral Instructions reasonably believed to have been executed or orally communicated delivered by an Authorized Person in accordance with the terms of this Agreement and the Fund standard of care provided in Article 10, and Transfer Agent will not be held to have any notice of any change of authority of any person person, including any Authorized Person, until receipt of a Written Instruction thereof from the a Fund. The Transfer Agent will also have no liability when processing Share certificates for a Fund which it maintain written procedures reasonably believes designed to bear promptly respond to changes in the proper manual or facsimile signatures identities of the officers of the Fund and the proper countersignature of the Transfer AgentAuthorized Persons.
7.2 The 6.2 At any time, Transfer Agent may request Written Instructions from a Fund and may seek advice from legal counsel for the Fund with prior notice to the Fund, or its own legal counsel, with respect to any matter arising in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with such Written Instructions. Written Instructions requested by Transfer Agent will be provided by a Fund within a reasonable period of time. At any time, Transfer Agent may seek advice from legal counsel for the Fund, or its own legal counsel, with respect to any question of law arising in the course of Transfer Agent performing its duties in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with the opinion of counsel for the a Fund or for the Transfer Agent. Written Instructions requested by the , provided that Transfer Agent will be provided by at its own expense communicates to a Fund such opinion of counsel to Transfer Agent prior to taking the Fund within a reasonable period of timeaction in question.
7.3 The 6.3 Transfer Agent, its officers, agents or employees, shall accept Oral Instructions or Written Instructions given to them with respect to a Fund by any person representing or acting on behalf of the a Fund only if said representative is an Authorized Person of the Fund. The Funds agree that all Oral Instructions shall be followed within one business day by confirming Written Instructions, and that the Funds' failure to so confirm shall not impair in any respect the Transfer Agent's right to reply on Oral InstructionsPerson.
Appears in 10 contracts
Samples: Transfer Agency and Services Agreement (Western Asset Global High Income Fund Inc.), Transfer Agency and Services Agreement (Western Asset Managed Municipals Fund Inc.), Transfer Agency and Services Agreement (Western Asset High Income Fund Ii Inc.)
Fund Instructions. 7.1 The Transfer Agent 5.1 FDISG will have no liability when acting for a Fund in accordance with upon Written or Oral Instructions reasonably believed by FDISG to have been executed or orally communicated by an Authorized Person of the Fund and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from the Fund. The Transfer Agent FDISG will also have no liability when processing Share certificates for a Fund which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund and the proper countersignature of the Transfer AgentFDISG.
7.2 The Transfer Agent 5.2 At any time, FDISG may request Written Instructions from a the Fund and may seek advice from legal counsel for the Fund with prior notice to the Fund, or its own legal counsel, with respect to any matter arising in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with such Written Instructions or in accordance with the opinion of counsel for the Fund or for FDISG, except that FDISG remains liable for any action taken or not taken by it which constitutes willful misfeasance, bad faith or negligence by FDISG or its employees or the Transfer Agentreckless disregard by FDISG or its employees of its duties and obligations under this Agreement. Written Instructions requested by the Transfer Agent FDISG will be provided by the Fund within a reasonable period of time.
7.3 The Transfer Agent5.3 FDISG, its officers, agents or employees, shall accept Oral Instructions or Written Instructions given to them with respect to a Fund by any person representing or acting on behalf of the Fund only if said representative is an Authorized Person of the FundPerson. The Funds agree Fund agrees that all Oral Instructions shall be followed within one business day by confirming Written Instructions, and that the Funds' Fund's failure to so confirm shall not impair in any respect the Transfer AgentFDISG's right to reply rely on Oral Instructions.
Appears in 3 contracts
Samples: Transfer Agency and Services Agreement (Mitchell Hutchins Lir Money Series), Transfer Agency and Services Agreement (Mitchell Hutchins Institutional Series), Transfer Agency and Services Agreement (Liquid Institutional Reserves)
Fund Instructions. 7.1 The 6.1 Co-Transfer Agent will have no liability when not be liable for its acting for a Fund in accordance with upon Written or Oral Instructions believed reasonably believed, in conformity with written security procedures established by Co-Transfer Agent and the Fund from time to time, to have been executed or orally communicated delivered by an Authorized Person or Authorized Trading Person in accordance with the terms of this Agreement and the Fund standard of care provided in Article 10, and Co-Transfer Agent will not be held to have any notice of any change of authority of any person person, including any Authorized Person or Authorized Trading Person, until receipt of a Written Instruction thereof from the a Fund. The Co-Transfer Agent will also have no liability when processing Share certificates for a Fund which it maintain procedures reasonably believes designed to bear promptly respond to changes in the proper manual or facsimile signatures identities of the officers of the Fund Authorized Persons and the proper countersignature of the Transfer AgentAuthorized Trading Persons.
7.2 The 6.2 At any time, Co-Transfer Agent may request Written Instructions from a Fund and may seek advice from legal counsel for the Fund with prior notice to the Fund, or its own legal counsel, with respect to any matter arising in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with such Written Instructions or in accordance with the opinion of counsel for the Fund or for the Co-Transfer Agent, provided that Co-Transfer Agent at its own expense communicates to the Fund such opinion of counsel to the Co-Transfer Agent prior to taking or not taking the action in question. Written Instructions requested by the Co-Transfer Agent will be provided by the a Fund within a reasonable period of time.
7.3 The 6.3 Co-Transfer Agent, its officers, agents or employees, shall accept Oral Instructions or Written Instructions given to them with respect to a Fund by any person representing or acting on behalf of the a Fund only if said representative is an Authorized Person of the Fund. The Funds agree that all Oral Instructions shall be followed within one business day by confirming Written Instructions, and that the Funds' failure to so confirm shall not impair in any respect the Transfer Agent's right to reply on Oral Instructionsor Authorized Trading Person.
Appears in 2 contracts
Samples: Co Transfer Agency and Services Agreement (Legg Mason Partners Money Market Trust), Co Transfer Agency and Services Agreement (Legg Mason Partners Income Trust)
Fund Instructions. 7.1 7.1. The Transfer Agent will have no liability when acting for a Fund in accordance with Written or Oral Instructions believed to have been executed or orally communicated by an Authorized Person of the Fund and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from the Fund. The Transfer Agent will also have no liability when processing Share certificates for a Fund which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund and the proper countersignature of the Transfer Agent.
7.2 7.2. The Transfer Agent may request Written Instructions from a Fund and may seek advice from legal counsel for the Fund with prior notice to the Fund, or its own legal counsel, with respect to any matter arising in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with such Written Instructions or in accordance with the opinion of counsel for the Fund or for the Transfer Agent. Written Instructions requested by the Transfer Agent will be provided by the Fund within a reasonable period of time.
7.3 7.3. The Transfer Agent, its officers, agents or employees, shall accept Oral Instructions or Written Instructions given to them with respect to a Fund by any person representing or acting on behalf of the Fund only if said representative is an Authorized Person of the Fund. The Funds agree that all Oral Instructions shall be followed within one business day by confirming Written Instructions, and that the Funds' failure to so confirm shall not impair in any respect the Transfer Agent's right to reply rely on Oral Instructions.
Appears in 1 contract
Samples: Transfer Agency and Services Agreement (Nations Fund Portfolios Inc)
Fund Instructions. 7.1 The Transfer Agent will have no liability when acting for a Fund in accordance with Written or Oral Instructions believed to have been executed or orally communicated by an Authorized Person of the Fund and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from the Fund. The Transfer Agent will also have no liability when processing Share certificates for a Fund which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund and the proper countersignature of the Transfer Agent.
7.2 The Transfer Agent may request Written Instructions from a Fund and may seek advice from legal counsel for the Fund with prior notice to the Fund, or its own legal counsel, with respect to any matter arising in connection with this Agreement, and it shall not be liable for any action taken or not taken or suffered by it in good faith in accordance with such Written Instructions or in accordance with the opinion of counsel for the Fund or for the Transfer Agent. Written Instructions requested by the Transfer Agent will be provided by the Fund within a reasonable period of time.
7.3 The Transfer Agent, its officers, agents or employees, shall accept Oral Instructions or Written Instructions given to them with respect to a Fund by any person representing or acting on behalf of the Fund only if said representative is an Authorized Person of the Fund. The Funds agree that all Oral Instructions shall be followed within one business day by confirming Written Instructions, and that the Funds' β failure to so confirm shall not impair in any respect the Transfer Agent's βs right to reply on Oral Instructions.
Appears in 1 contract
Samples: Transfer Agency and Services Agreement (Nations Separate Account Trust)