Common use of Instructions from Trustee; Other Notices; Addresses Clause in Contracts

Instructions from Trustee; Other Notices; Addresses. (a) Instructions from Trustee. Whenever in this Agreement it is provided that Custodian is authorized to act or refrain from acting on instructions, approval or consent of, or notice from, the Trustee, Custodian is so authorized to act or refrain from acting only on instructions, approval, consent or notice given in accordance with this Section 8(a). As used in this Section 8(a), the term "instructions" shall be deemed to include approvals, consents or notices. Custodian is authorized to rely and act upon written instructions signed by an authorized person designated in the schedule attached hereto as Schedule B-1 ("Authorized Persons"), as such Schedule may be changed from time to time by written notice to Custodian from Trustee. Instructions in writing shall include (i) instructions in writing (including facsimile transmissions) signed by an Authorized Person; (ii) telex or tested telex instructions of Trustee and S.W.I.F.T. messages; and (iii) such other forms of communication as may be agreed upon from time to time by Trustee and Custodian. Except where otherwise provided in this Agreement, Custodian is further authorized to rely upon instructions received orally or by any other means which are identified as having been given by an Authorized Person and which conform to any agreement which might be entered between Trustee and Custodian regarding the method of identification or the means of transmission of such instructions. Any oral instructions shall be promptly confirmed in writing.

Appears in 3 contracts

Samples: Custodian Agreement (Ishares Comex Gold Trust), Custodian Agreement (Ishares Comex Gold Trust), Custodian Agreement (Ishares Comex Gold Trust)

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Instructions from Trustee; Other Notices; Addresses. (a) Instructions from Trustee. Whenever in this Agreement it is provided that Custodian is authorized to act or refrain from acting on instructions, approval or consent of, or notice from, the Trustee, Custodian is so authorized to act or refrain from acting only on instructions, approval, consent or notice given in accordance with this Section 8(a6(a). As used in this Section 8(a6(a), the term "instructions" shall be deemed to include approvals, consents or notices. Custodian is authorized to rely and act upon written instructions signed by an authorized any person designated in the schedule attached hereto as Schedule B-1 ("Authorized Persons")A-1, as such Schedule may be changed from time to time by written notice to Custodian and Purchaser from TrusteeTrustee (“Trustee Authorized Persons”). Instructions in writing shall include (i) instructions in writing signed by a Trustee Authorized Person (including facsimile transmissions) signed by an Authorized Person; (ii) telex or tested telex instructions of Trustee and S.W.I.F.T. messagese-mail transmissions attaching copies thereof); and (iiiii) such other forms of communication as may be agreed upon from time to time by Trustee and Custodian. Except where otherwise provided in this Agreement, Custodian is further authorized to rely upon instructions received orally or by any other means which are identified as having been given by an a Trustee Authorized Person and which conform to any agreement which might be entered between into by Trustee and Custodian regarding the method of identification or the means of transmission of such instructions. Any such oral instructions shall be promptly confirmed in writing. Custodian acknowledges that all discretionary actions of Trustee hereunder require the direction of the Sponsor (provided that Custodian shall not be responsible for verifying whether or not the Sponsor has so directed Trustee).

Appears in 1 contract

Samples: Custodian Agreement

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